Reply to post: They're smoldering, heres hoping the FCA adds some petrol...

UK financial regulator confirms it is probing Equifax mega-breach

Anonymous Coward
Anonymous Coward

They're smoldering, heres hoping the FCA adds some petrol...

I've worked in financial services for the past 15 years, the FSA (predecessor to the FCA) let the credit-scoring agencies operate with hardly any oversight and most of it was cloak and dagger.

What you see online for your "credit reference" score is only a fraction of the data they hold on you, getting access to your full file is very difficult (often data is selectively disclosed, even when a consumer demands the full file under the DPA), in addition the data is often "anonymised" and used for profiling or sold on without consent.

Its going to be interesting to see the impact of GDPR..

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