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The Equifax hack(s?) are highlighting more than the security of the institutions that are asking us to trust them with our personal information.  It is bringing into question the entirety of how these institutions identify us and thereby assign us credit.

Even the cursory, headline-scanning research that most of us do will show that the requirements for obtaining a new line of credit are ludicrous.  All you need is a Photo ID, Social Security Number (doesn't need to be yours), a matching birth date and address.  That's it.  And with the SSN and a little work, you can get the Photo ID.

Walk into most retailers (car dealerships, furniture stores, WalMart, Target, etc.), spend fifteen minutes filling out an application and then go to town.

This needs to change.  Even the White House agrees.  For what that's worth.