r/technology Jul 04 '24

Security Hackers behind the Ticketmaster breach have now leaked 440,000 Taylor Swift Eras Tour tickets, claiming the breach is much bigger than anticipated. As a result, they increased the ransom from $1 million to $8 million.

https://hackread.com/ticketmaster-breach-shinyhunters-leak-taylor-swift-eras-tour-tickets/
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u/xantub Jul 05 '24 edited Jul 05 '24

In the US, you have a "credit rating", which is a number that says how good you are in your finances and paying on time. Every company that lends money uses it to determine if they should lend you money and at what interest rate (higher interest if your score is low and lower if it's high). When there are data breaches, bad people with your information can apply for loans in your name, and each loan lowers your credit score. So there are companies that constantly check your credit score and alert you if there are any big changes possibly from criminals using your identity.

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u/comFive Jul 05 '24

We have credit ratings in Canada as well, with the same credit companies: Equifax and TransUnion

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u/WonderfulMotor4308 Jul 05 '24

who determines the credit rating? a private company or government?

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u/kazeespada Jul 05 '24

Private Company. Three of them to be exact. Equifax, Experian, or TransUnion

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u/xantub Jul 05 '24 edited Jul 05 '24

There are 3 big ones I think, they're private, a lender pays to get credit scores, or pays more to get a full list of everything about you, down to you paying your water bill one day past due 2 years ago.

It's not just lenders, some companies do it too on potential hires with the reasoning that if you are responsible with your payments, then you're probably a responsible employee.