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Equifax Hacked - 143M US Consumers could be affected

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Who here has frozen credit reporting from all three? I did Equifax since that was free. I'm not about to pay money, no matter how small it is, to "fix" a problem created by a major company.
 
FIVR said:
I ended up buying a bunch of $50 strike january puts on EFX. So far up 50% but I'm shooting for 1000%+ by the end of october.


Apparently they knew about the hack since march and have been negotiating and trying to come up with the ransom since then. This company could go bankrupt... it's actually amazing how incompetent they are.


https://www.bloomberg.com/news/arti...suffer-a-hack-earlier-than-the-date-disclosed
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Wow. These assholes are truly incompetent and vile. I might join you buying some puts on these asswipes.
 
It may well pop up to 95 again tomorrow morning before the slide continues. The congressional hearings are on the 3rd of october and they will be pubic...and I believe that is when the stock will see bottom (or close to it). I recommend January or April expiry for more theta in case it falls even further. You can never have too much theta
 
AdamK47 said:
Who here has frozen credit reporting from all three? I did Equifax since that was free. I'm not about to pay money, no matter how small it is, to "fix" a problem created by a major company.
Click to expand...

Froze all 4. Been meaning to do it years ago, never got around to doing it. I didn't realize it's free in New York and that the process would be quick (took total of about 10 minutes).
 
AdamK47 said:
Who here has frozen credit reporting from all three? I did Equifax since that was free. I'm not about to pay money, no matter how small it is, to "fix" a problem created by a major company.
Click to expand...
Crono said:
Froze all 4. Been meaning to do it years ago, never got around to doing it. I didn't realize it's free in New York and that the process would be quick (took total of about 10 minutes).
Click to expand...
Same here. In NJ it there's no charge to freeze. You just have to make a record of your pin someplace where you can actually find it a year or five later. So far I've used lastpass to record that sort of information and I've managed to keep track of it.
 
PottedMeat said:
can anyone remember a time when a company lost customer data and been hit with actual substantial fines or damaged business?

RpAn2IK.jpg
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They used to lose customers too, but that doesn't seem to be the case anymore.

I hope the hackers boost my score up to 999.
 
New articles out saying they knew about this hack since March, and it happened twice. Makes the insider trading look even more likely.

Also, that stock should be at $0 by now. I've seen stocks dive quicker for far dumber and less dangerous reasons. The stock market is a joke on us all.
 
FIVR said:
I ended up buying a bunch of $50 strike january puts on EFX. So far up 50% but I'm shooting for 1000%+ by the end of october.


Apparently they knew about the hack since march and have been negotiating and trying to come up with the ransom since then. This company could go bankrupt... it's actually amazing how incompetent they are.


https://www.bloomberg.com/news/arti...suffer-a-hack-earlier-than-the-date-disclosed
Click to expand...

Good fuck em. I hope you guys win. I honestly think this is comparable to the Enron scandal.

Let's be honest, they wanted to sit back - pay some dumb bitch with no qualifications as Chief Security Officer to basically sit there and do nothing... All the while they just rake in cash as banks consistently rely on them for valid credit data. Secure said data? NAH!!! Never.

You know how Arthur Anderson went down when Enron went down? Obvious reasons - if an auditor is willing to be so low as to try to sweep things under the rug then how can you trust them? I find this to be similar - who would trust these morons for accurate and secure data in the future? If I was a bank I sure as hell wouldn't. I hope they crumble to pieces.
 
ImpulsE69 said:
New articles out saying they knew about this hack since March, and it happened twice. Makes the insider trading look even more likely.

Also, that stock should be at $0 by now. I've seen stocks dive quicker for far dumber and less dangerous reasons. The stock market is a joke on us all.
Click to expand...

They had a separate breach in March. This major hack went on since May and they knew of it since July. It's a mess all around. Equifax shouldn't be in business anymore.
 
Crono said:
Froze all 4. Been meaning to do it years ago, never got around to doing it. I didn't realize it's free in New York and that the process would be quick (took total of about 10 minutes).
Click to expand...

It says I have to pay. Equifax should be paying the other credit reporting companies each time someone needs to freeze their credit with them. I have a feeling something along those lines will happen.
 
snoopy7548 said:
As an almost complete n00b, how do I do that?
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Do you have a brokerage? Assuming you are approved for that trading strategy (Long Puts) you open your brokerage, select the underlying stock (EFX), then select the calendar expiry (January or April), then select the strike price ($50) then you put in a limit order where you select the max price you're willing to pay per contract (in this case 1.05 - 1.15) and then you put in an order to buy the contracts (however many you can afford or would like to buy).
 
FIVR said:
Do you have a brokerage? Assuming you are approved for that trading strategy (Long Puts) you open your brokerage, select the underlying stock (EFX), then select the calendar expiry (January or April), then select the strike price ($50) then you put in a limit order where you select the max price you're willing to pay per contract (in this case 1.05 - 1.15) and then you put in an order to buy the contracts (however many you can afford or would like to buy).
Click to expand...

Yeah, have a brokerage with Vanguard. I'll check it out. Thanks.
 
This afternoon elizabeth warren is supposed to be on Kramer's "Mad Money". That's not good for the stock....lol
 
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