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Global Shift of Power & the Equifax Hack - Facing Multibillion-Dollar Lawsuit

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posted on Sep, 8 2017 @ 09:37 PM
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You may have heard about the Equifax hack, compromising 143+ million users' information? Either way, you'll be hearing more about this in the coming weeks/months... a multi-billion dollar lawsuit may be on the horizon here.

Combined with the current retail apocalypse in the US, as well as the rapid devaluation of the dollar and the retail apocalypse, pension crisis, municipality bankruptcies and dumping of the Petrodollar system... we are witnessing a paradigm shift right now folks. The US has also been exporting virtually all of its gold while Russia, China, India, Iran and others continue to hoard thousands of tons, and when the final shift does occur we better be ready to experience what it's like to get bullied, there will be no mercy. We have allies still, but our list of allies is growing thinner by the day. Back to the Equifax story...

Apparently Equifax executives were dumping stocks prior to this news becoming public (thread about the alleged corrupt activities)



In the complaint filed in Portland, Ore., federal court, users alleged Equifax was negligent in failing to protect consumer data, choosing to save money instead of spending on technical safeguards that could have stopped the attack. Data revealed included Social Security numbers, addresses, driver’s license data, and birth dates. Some credit card information was also put at risk.


From Bloomberg: Equifax Faces Multibillion-Dollar Lawsuit Over Hack

Where are you guys at in terms of our global position in the world and current events? I think we have a few months before a major economic correction, and no less than 18 months before we witness much more dire circumstances. What do my friends at ATS think about our near future and the economy/potential for new military conflicts and wars?




posted on Sep, 8 2017 @ 09:38 PM
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a reply to: FamCore

We're in trouble and people are stupid, i think it's what this comes down to :/



posted on Sep, 8 2017 @ 09:39 PM
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Big changes coming.

They are setting the stage for a centralized block chain currency in a cashless society.

Trust me everything is going as planned.



posted on Sep, 8 2017 @ 09:40 PM
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originally posted by: ofleming
a reply to: FamCore

We're in trouble and people are stupid, i think it's what this comes down to :/


For the last 20 years companies have gotten away with cutting cost in their IT departments. Risk mitigation strategies and impact analysis are a major part of security.

That and they outsource or they won't pay. The industry is also very short handed with actual skilled experienced techs because these companies refuse to train.



posted on Sep, 8 2017 @ 09:41 PM
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a reply to: ofleming

The people running the government are stupid, but smart in the sense that they can effectively brainwash and direct the masses in one direction or the other (or both, against each other)

When China and others want to collect on the debt, and they refuse to accept dollar bills, that's when the US will have its reckoning...



posted on Sep, 8 2017 @ 09:44 PM
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Even if we are only left the land beneath our feet... Monsanto has already poisoned it.
edit on 8-9-2017 by chadderson because: (no reason given)



posted on Sep, 8 2017 @ 09:45 PM
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Look at the numbers involved... nearly HALF of the U.S. population- legal citizens with Social Security Numbers. This is enormous. All tax returns, financial documents, bank records, credit reports... compromised.

This is exactly the sort of thing that could cause a total crash of the economy. This has been HUGELY under-reported...



posted on Sep, 8 2017 @ 09:45 PM
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originally posted by: toysforadults

They are setting the stage for a centralized block chain currency in a cashless society.



the thing about blockchain currency is it runs on a public ledger, they wouldn't be able to be as corrupt as they are now when we can see who has what money and who they pay it to, all the time, for all transactions......

keeping transactions secret is pretty important for corruption to occur....

also, we'll never have a society that doesn't have some physical form of cash, if we do ever migrate to blockchain currency (and you should hope we will as it doesnt inflate and devalue like fiat does) then we would still have some physical form of it, this is a very doable technique to have physical bills tied to a specific block on the chain.
edit on 8-9-2017 by NobodiesNormal because: (no reason given)



posted on Sep, 8 2017 @ 10:23 PM
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Apparently Equifax's site ran from 3rd party sources, was always a compromised site. Wonder how the other two major credit companies fair with the same issue?

Also see:


New York Attorney General Eric Schneiderman (D) lambasted the arbitration language in Equifax’s terms of service on Friday, calling it “unacceptable and unenforceable.” Schneiderman tweeted that his office had contacted Equifax’s office demanding the clause be removed.




Later in the day, Schneiderman tweeted that Equifax had complied and added language noting that its arbitration clause does not apply to "the cybersecurity incident."

Source
Probably a last minute claim to save face.
edit on 8-9-2017 by dreamingawake because: save*



posted on Sep, 8 2017 @ 10:25 PM
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You heard it here first:

For those of you who file Federal or State tax returns

FILE YOUR TAX RETURNS AS SOON AS POSSIBLE!!!!

This will NOT prevent you from becoming a victim of ID theft, but might keep you from having future problems with the IRS and/or your state tax agency.

And nobody needs that.
edit on 8-9-2017 by Bhadhidar because: (no reason given)



posted on Sep, 8 2017 @ 10:34 PM
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a reply to: NobodiesNormal

if you haven't noticed they can do whatever they want and no one will do a thing and half the population can easily be brainwashed into allowing them to do it



posted on Sep, 8 2017 @ 10:35 PM
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a reply to: dreamingawake

see what I am saying?

see my comment on understaffed outsourced IT department running on thin budgets (pun intended)



posted on Sep, 8 2017 @ 11:16 PM
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originally posted by: madmac5150
Look at the numbers involved... nearly HALF of the U.S. population- legal citizens with Social Security Numbers. This is enormous. All tax returns, financial documents, bank records, credit reports... compromised.

This is exactly the sort of thing that could cause a total crash of the economy. This has been HUGELY under-reported...


Star for the insight but please expand on how you think this will cause a crash.

Not challenging you; I'm genuinely ignorant in this department.



posted on Sep, 9 2017 @ 12:01 AM
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Is it possible that this is a false flag to get people to enroll in their identity monitoring program? get half the US to enroll at $10.00 a month....that's a nice chunk of change



posted on Sep, 9 2017 @ 12:33 AM
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AS A CONSUMER, WHAT TO DO:

Beyond the usual steps of checking credit reports regularly and watching for abnormal transactions on your accounts, it may be time to take more extreme measures to lock down your information.

The strongest possible option a person can take immediately is placing what’s known as a credit freeze on their files with the major credit bureaus. That locks down a person’s information, making it impossible to open new accounts and bank cards in their name.

But taking that option also locks you out from opening new accounts. It also can come with a fee with each of the bureaus, depending on which state you live in.

“The credit freeze is the nuclear option of credit protection. But in the wake of a breach this big, it’s worth considering,” said Matt Schulz, an analyst with CreditCards.com.

Consumers will need to be more careful about checking their credit reports. U.S. law gives every American the right to get those files for free once a year from the three major bureaus. While many websites market access to your credit reports, the official one is annualcreditreport.com.

It’s best to spread those requests out over the year — do one every four months, experts say. And expect to check this information not just in the immediate future, but for the long term — potentially years.

“Bad guys can be very patient with data. This should be a wake-up call to be even more diligent with your information,” Schulz said.

Ulzheimer says an option consumers should consider is setting up fraud alerts on your files. That would require creditors to contact you directly, usually by phone, for approval before allowing an account to be opened. That gives people a more active role, rather passively monitoring or freezing your entire file. Bureaus also must contact each other when a fraud alert is placed.

Need an even more extreme step? People can request to change their Social Security number with the Social Security Administration if they have repeatedly been a victim of identity fraud under their original number.

Equifax has a website, www.equifaxsecurity2017.com... where people can check if their information may have been stolen. Consumers can also call 866-447-7559 for information. The company also says it will send mail to all who had personally identifiable information stolen.


www.truthdig.com...



posted on Sep, 9 2017 @ 04:06 AM
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a reply to: FamCore

Equifax.....makes me sick.....henchmen for the bankers....same job as loan sharks had.....%$#ing up anyone who doesnt pay on time...in the old days they broke your nose...today they crater you credit rating and cripple you fiscally.....same crap.....hope they bury Equifax and others like them.



posted on Sep, 9 2017 @ 04:10 AM
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a reply to: FyreByrd



But taking that option also locks you out from opening new accounts. It also can come with a fee with each of the bureaus, depending on which state you live in.


These words could be viewed as benign, I'm not so sure they are however ...



posted on Sep, 9 2017 @ 04:11 AM
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originally posted by: BadBoYeed
Is it possible that this is a false flag to get people to enroll in their identity monitoring program? get half the US to enroll at $10.00 a month....that's a nice chunk of change


except that they are now offering that service free of charge to everyone, because of this event..



posted on Sep, 9 2017 @ 10:55 AM
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a reply to: FamCore


Just a heads up. I read this this morning, if you go to Equifax website and sign up to see if your info was part of the breach you are waiving your right to the class action law suit.
www.marketwatch.com...
I read a different article on this that was on facebook.





posted on Sep, 9 2017 @ 11:26 AM
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I am sure I remember reading an article earlier in the week stating that 3 execs at Equifax sold up shares totalling about $1.5 million just days before the data hack news went public and the share price plunged.
All above board though was the excuse and they did so quite coincidental to the story breaking!



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