Equifax Should Be a Public Utility


Photographer: Scott Eells/Bloomberg

Will Equifax finally be the one?

Will this summer's data breach involving 143 million of the credit bureau's U.S. customers finally generate enough fear and outrage to cause Congress, the financial system and the rest of us to do something about identity theft?

It didn't happen in 2013, when hackers compromised 110 million credit cards at Target Corp. A theft of 56 million customer accounts at Home Depot Inc. didn't do the trick in 2014. Nor did break-ins at Anthem Inc. in 2015 (80 million) and Yahoo! in 2016 (1 billion!).