Big Data Needs Bigger Security (http://www.usnews.com)
The Equifax breech shows why data companies must be held accountable.
The age of big data is here, along with a growing list of big data breaches and the big mess created for millions of affected consumers. The only thing missing is big consequences for companies that are causing these big losses. Last week, Equifax lost highly confidential personal and financial data on as many as 143 million people. The worst part? You didn’t even give them permission to obtain this information. They can legally collect, store and share it regardless. Although banks have a self-serving track record of their own (Wells Fargo, anyone?) at least as a client, you have a direct relationship that permits you to use the law to hold them accountable……Continue reading at www.usnews.com
My Two Cents: After reading this I would have to agree. If corporations are going to store highly confidential personal and financial data and they lose this data based on hacking which means this data was exposed to the internet, then this company would be responsible. What bothers me about Equifax is the time it took to notify everyone, and I mean everyone’s personal information in the USA has been exposed. This is huge. Sadly security software systems do exist that would have secured this data, but these Big Companies appear to not care to invest in these systems.