The late, unlamented Equifax.

It is just one of the many problems faced by Canadians because of our outmoded constitution. Responsibility for credit reporting companies resides with the provincial governments. It enables the large federally incorporated American firms to just add Canadians to their portfolio almost as an afterthought. And when hackers have free access to Equifax data and download over 140 million records for their own use, there is little differentiation between the American and Canadian information that they download. They have use for both.

It reminds me of an experience I had a few years ago when I made my first and last purchase at a new Target store in Canada. Target in Canada fed its sales information south of the border and I soon found that someone was using ATMs in Pittsburgh to try to empty my bank account. My bank was kindly translating my money to American funds to save time for the criminal.

I should mention that the bank replaced the money. The bank considered the retail breach to be part of the cost of doing business.

But that is not the case with Equifax. While you might have signed away your rights to your own data the last time you opened a savings or checking account, applied for a credit card or a mortgage, you probably never did read all that fine print. Nor did you necessarily agree that Equifax could retain all the data on you forever in their, obviously insecure, databases.

Since class-action lawsuits have already been launched in the United States and in Canada, we can only hope that the lawyers involved understand computer database operations. They obviously already know that the company failed to install safeguard software in their system that would have blocked the point of access for the hackers.

Hackers are the guerilla force in the computer wars. It is a continuing battle to find and fix the weak points in systems the hackers are seeking to find.

As much as many people laugh at what hackers can find in their searches, they should be aware that it costs us all. When the banks get ripped off, who do you think pays for it: we the customers.


Copyright 2017 © Peter Lowry

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