Equifax's failure calls for judicial dissolution

&gt; a lawsuit in state court to dissolve a corporation<p>Couldn&#x27;t they just re-incorporate the next day in another jurisdiction.<p>Or it implies that the state can force them to sell all the assets, lay off all the workers, and return the money to creditors.<p>Well in either case, it is a nice fantasy. Doubt anything like that would happen. Even worse, after nothing happens, everyone who deals with such data will watch and learn a valuable lesson - &quot;Don&#x27;t bother with security or data protection much, just hire a PR firm and wait for online news to cool down for a month, then continue as usual&quot;.<p>Look at their stock <a href="https:&#x2F;&#x2F;finance.google.com&#x2F;finance?q=NYSE:EFX" rel="nofollow">https:&#x2F;&#x2F;finance.google.com&#x2F;finance?q=NYSE:EFX</a> was $140, crashed to $100 then recovering, now at $110. Only 20% down or so. And that&#x27;s after losing SSN, names, addresses, etc for large chunk of the US population.

Holding officers of the company criminally &amp; civilly liable seems like it would go further to solving the problem. If the CEO was worried about going to jail or being fined, he would have made sure the organization was a lot more focused on protecting individual data.

1) US government should cancel all contracts with Equifax,<p>2) US government should demand a list of all effected SSNs<p>3) US government should use pre-breach tax data to issue replacement SSNs to all affected and send Equifax the bill for doing this.<p>3) US governments should ask the courts to consider any use of a breached SSN on any credit issued after breach date to not be enough evidence alone for any credit recovery processing (basically nullifing any credit after the breach for an affected SSN without the Banks being more careful with regards to identity checks).

Individual liability of all the shot-callers. When you have to worry about jail and losing your yacht, you&#x27;d be more vigilant.

well nearly 30 class action lawsuits have been filed against Equifax... If they come out on the other side any other way but in a proverbial corporate coffin, it would truly be a miracle.<p>The thing to look out for, and call me paranoid if you wish, is now to &quot;rectify&quot; the problem, government or corporations (or both), now start to demand rfid biochip implants as a reliable means of authentication..... or transacting business.<p>It sure looked far fetched before the Equifax breach, now not so anymore.