Let’s force Americans to entrust their most sensitive personal data to private companies who are incentivized to cut down on costs around cybersecurity. Let’s also not hold those companies accountable when they inevitably get hacked as a result of their negligence and penny pinching. This is a good system because the only net gain is a larger bonus for the members of the c-suite.

Company involved:

Health Equity, a prominent HSA provider

Data involved:

According to the report, the data that was stolen may include a customer’s:

• First and last name

• Address
• Telephone number
• Employee ID
• Name of employer
• Social security number
• Dependent information
• Payment card information