Equifax Settlement after Massive Data Breach

An Equifax settlement has finally been reached – nearly two years after their massive data breach. The company has agreed to a global settlement with the Federal Trade Commission and the Consumer Financial Protection Bureau. The settlement includes a Consumer Restitution Fund totaling up to $425 million to help people affected by the data breach and another $175 million going to all 50 U.S. states and territories.

Padlock with Identity Theft Theme
Nearly 148 Million Records Exposed!

TOTAL INEPTNESS

It was in September of 2017 that Equifax, one of the largest consumer reporting agencies in the world, suffered a data breach that affected roughly 148 million consumers – nearly half the U.S. population.

Equifax’s failure to maintain and update their security system is what caused this preventable breach. Despite knowing about a critical vulnerability in its software, Equifax failed to fully patch its systems. The breach went unnoticed for 76 days.

This epic breach enabled hackers to penetrate Equifax’s systems and exposed the private data of 56% of American adults. Breached information included Social Security numbers, names, addresses, birthdates, credit card numbers and some driver’s license numbers too.  It was, and still is, the largest and most damaging breach of highly sensitive consumer data.

RESTITUTION FUND – JUST A MERE $2.87 – PER VICTIM!
Equifax Settlement
Barely A Slap On The Wrist!

The Equifax Settlement includes a Consumer Restitution Fund totaling up to $425 million that will go to consumers who can demonstrate that they were financially harmed by the breach.  $300 million is dedicated to addressing consumer redress. However, if the $300 million is exhausted, the fund can increase by up to an additional $125 million. The company must also offer up to 10 years of credit monitoring services to those affected by the breach. If you don’t want the credit monitoring service, you may be able to opt for a $125 cash payment, unless they run out of funds. You can’t get both!

Furthermore, Equifax has agreed to take several additional steps to assist consumers who are either facing ID Theft issues, or who have already had their identities stolen. It includes making it easier for consumers to freeze and thaw their credit and making it easier for consumers to dispute inaccurate information contained in their credit reports.

Additionally, the Equifax settlement requires the company to maintain sufficient staff dedicated to assisting consumers who may be victims of identity theft. For at least seven years, Equifax will provide free assistance to victims via their Identity Restoration Services. In other words, if you discover there was misuse of your personal information, call the settlement administrator at 1-833-759-2982 and you will be given instructions for how to access Equifax’s free Identity Restoration Services.

WHAT DO I NEED TO DO NOW?

Equifax is offering FREE Credit Reports for ALL U.S. Consumers. Starting in January 2020, all U.S. consumers can get 6 free credit reports per year for 7 years from the Equifax website. That is in addition to the mandatory free credit report everyone is entitled to each year from each of the three credit bureaus that you get from going to www.AnnualCreditReport.com

To find out if you were one of the over 147 million victims of Equifax’s data breach and an eligible class member, call 1-833-759-2982 or you can click here

*NOTE: If you wish to file a claim, you must file your claim by January 22, 2020.

Visit the Federal Trade Commission’s website for info on How to File a Claim

Read a previous article I wrote about the Equifax Breach to learn how it all came about. And Here for Part Two of that article.

Deceased Identity Theft – Victimizing the Dead

Deceased Identity Theft is on the rise. Identity thieves will go to great lengths to steal personal information. But how low are they willing to go? They will steal information from the recently deceased.

Assuming the Identity of a Deceased Person Can be a Profitable Venture

Victimizing the dead by stealing their identity is often referred to as ‘Ghosting’. Understand that Identity Theft happens in a variety of ways – including Tax ID Theft, Medical ID Theft, Financial ID Theft and Employment Fraud. Ghosting can encompass any or all of these different types of ID theft.

Deceased Identity Theft
You Must Protect Your Loved Ones

Here are some examples of what these criminals can do with the information stolen from a recently deceased person. File phony tax returns, apply for loans, establish fraudulent credit accounts, create fake driver’s licenses, apply for employment and file false medical claims. Ghosting can also result in creditors coming after the heirs of a deceased loved one or create problems with their estate.

How Do Thieves Get the Information?

Identity Thieves often glean a deceased person’s information from the Social Security Administration’s Death Master File. The Social Security Administration (SSA) maintains a national file of reported deaths for the purpose of paying appropriate benefits. The Death Master File contains the following information: Social Security number, name, date of birth, date of death, State of last known residence, and zip code of last lump sum payment. This information is a virtual gold mine for an identity thief!

In addition, relatives and funeral directors also notify States of recent deaths and then the States notify the SSA. When the SSA receives a death notice, it will flag the deceased person’s Social Security number as “inactive.”

Keep in mind that thieves can also glean a deceased person’s information from hospitals, funeral homes, social media and obituaries.  Because it can take weeks or months to process a death, thieves have plenty of time to commit fraud before it is ever detected.

Signs of Deceased Identity Theft

Calls from a creditor or collection agency on an account opened or used in the deceased’s name after death. If you discover such signs, contact the affected creditor or collection agency in writing, explaining that the account was opened or used fraudulently. Surviving spouses and children can also be liable if they shared accounts with the deceased.

Deceased Identity Theft Stolen Info
Freeze Out the Thieves

Reduce the Risk of Deceased Identity Theft:  

  • Send copies of the death certificate to all three credit bureaus asking them to flag the person’s credit report with the following alert: “Deceased – Do Not Issue Credit”.
  • Request a copy of the credit report of the deceased person with all three credit bureaus. You’ll need to do this in writing. The report will list all active credit accounts. Be on the lookout for any questionable activity.
  • Place a credit freeze with each of the three credit bureaus to stop thieves from opening any new credit accounts in the name of the deceased.
  • Send the IRS a copy of the death certificate to prevent Tax ID Theft. The IRS will then flag the account to reflect that the person is now deceased. Go to irs.gov and enter “Deceased Taxpayers” in the search box.
  • Notify banks, credit card companies, loan holders, financial institutions and mortgage holders to close any accounts. Also notify medical professionals and health insurers too.
  • Notify the Motor Vehicle Department to take their Driver’s License out of circulation.
  • Avoid putting too much information in an obituary. Don’t give a birth date, current address, mother’s maiden name or other identifying information that could be useful to identity thieves. The same goes for social media.

It is devastating for a grieving family to have to go through the process of proving to various agencies that their loved one is indeed dead. The emotional impact of unwinding the mess, stalls the grieving process for the family. Therefore, once a loved ones passes away, it’s important to designate someone to take immediate action to help secure their personal information from these heinous criminals.

If you want to know more about how to place a credit freeze, read this

SYNTHETIC IDENTITY THEFT

According to the Federal Trade Commission, 80 to 85% of all identity fraud stems from Synthetic Identity Theft. Fictitious identities are created when an Identity thief creates a fresh new identity using elements of valid and/or fabricated forms of personal information.

As an example – a thief with a stolen valid Social Security number will combine it with a fake name, address and date of birth to create a brand new identity.  Because a valid Social Security # is used, there is no actual victim or true identity behind this false combination of identity elements.

Synthetic Identity Theft

 

Once Created – The Mischief Begins!

The merger of this real and fake personal data is then used to commit criminal, medical or financial fraud. Once an ID thief creates a new synthetic identity, they will attempt to apply for loans, credit or a job; get medical services, obtain cellphone service or even use the synthetic ID if they get arrested.

Remember that this newly created identity still contains your social security # as the main component and source of reference. Therefore, it becomes part of a fragmented or sub-file to your main credit file.

Additionally, fraud alerts, credit freezes and credit monitoring services will not indicate that anything is amiss. These usual protective measures do not stop Synthetic Identity Theft.

Unfortunately, the massive Equifax data breach, reported in September of 2017, exposed the valid social security numbers of nearly 148 million Americans. Realize also that those stolen social security numbers have already been purchased by criminals on the dark web – in underground black markets. Unfortunately, you cannot change your social security number!

 

What are Banks and Credit Card Companies Doing to Combat This?

Financial institutions understand the need to use any and all tools available to stop synthetic identity theft. They’re using advanced analytics, device intelligence and monitoring of underground websites. Credit Bureaus utilize tools that are able to detect when identity elements appear to be used inconsistently. They have developed analytical scores that help them determine whether a Social security # and identity belong to the right person.

A new federal law should also make it easier for creditors to verify ownership of a Social Security # with the Social Security Administration – which should help them verify that credit applicants actually exist.

 

THERE’S NO SILVER BULLET – BUT THESE STEPS MAY HELP

  • Only use an identity theft monitoring service that includes dark web monitoring. The service will check for personal identity elements, such as a SSN, that may have been exposed in a recent data breach.
  • It’s still worth placing a credit freeze with all three of the credit bureaus. Credit Freezes are now FREE in all 50 States as of September, 2018. Here’s is a previous article of mine explaining how to place a freeze
  • Get your free credit report at annualcreditreport.com from one of the three credit bureaus and check to see that there hasn’t been any unauthorized accounts opened.
  • A child’s SSN is often used to create Synthetic ID Theft. So, be sure to also place a credit freeze for your minor children as well.
  • National databases hold the key to discovery of Synthetic ID Theft. The DMV, insurance companies, data brokers, employers, prison or police records may all contain synthetic identities that include your social security number. Use a credit monitoring service that checks national databases.

 

Synthetic identity theft is a complicated and growing problem because it’s hard to detect and prevent this type of fraud. Once these synthetic identities are created, they become ‘verifiable’ identities and can therefore pass traditional security checks.

Unfortunately, it’s going to be up to you to be ever diligent if you want to protect yourself in the age of rampant fraud and deception.

EQUIFAX BREACH AFTERMATH

Aftermath of the Equifax Breach    (PART TWO)

It’s barely been a year since the Equifax Breach became one of the largest data breaches in U.S. history. Equifax’s gross negligence resulted in hackers stealing the social security numbers and other sensitive information of 148 million Americans.

Equifax Breach
Guard your identity with everything you’ve got

As a result of the Equifax breach, the company offered one full year of free credit monitoring. Knowing this, criminals are just biding their time, waiting for the year to expire. They know that once the free credit monitoring expires, the public will feel safe again. They expect consumers  will become more lax about protecting and monitoring their personal information. This would be a big mistake for consumers. Since you can’t change your SS#, you must remain ever vigilant.

YOUR DATA WAS ALREADY OUT THERE!

News Flash! Although the Equifax breach was massive, much of the consumer data exposed in that breach was already available to criminals. The majority of American’s most sensitive personal data has already been compromised for several years. It is then sold on the cyber-underground to the highest bidder. If you have any doubt, realize there were 1579 separate data breaches in 2017 alone. Millions of records are exposed in those breaches.

Therefore, even if you were not a party to the Equifax breach, you need to assume that your personal info is already out there for sale. So you need to continue to protect your data for the rest of your life. One of the best ways to protect yourself is to place a freeze on your credit file.

 

EEquifax Breach Credit Freeze
Credit Freezes keep the bad guys out!

Credit Freezes – will soon be FREE

Starting September 21, 2018 you can place, temporarily lift, or remove a Credit Freeze for FREE.  Because each person has their own credit file, each individual should lock down their credit report by placing a freeze on their file.

Once the freeze is in place, only you, (the person who placed the freeze), can view your credit file. Everyone else would be locked out, unless you choose to grant them access to it. Access to your credit file is granted by either placing a temporary lift or by removing the freeze.

According to the U.S. Federal Trade Commission, all three credit bureaus must set up a web page to assist consumers with placing a credit freeze.

A WORD OF CAUTION!

Once you begin the process of freezing your credit, you may be enticed to place a Credit “Lock” instead of a Credit “Freeze”. Do NOT be fooled into placing a Credit “Lock”. These are being pushed as an alternative to a Credit “Freeze” by all 3 credit bureaus. Credit Locks do not offer the same legal protections to consumers as a Credit Freeze. So, don’t be fooled!

You should also be sure to place a credit freeze for your minor children. Child ID theft is a criminal’s dream. The theft of a child’s identity is usually not discovered until years later. By that time, the damage is done, and the thief is long gone.

Additionally, all 3 credit bureaus are now required to offer FREE electronic credit monitoring services to all active duty personnel.

CONTINUE TO MONITOR REPORTS

As a habit, consumers should obtain a free credit report from each of the 3 credit bureaus by visiting www.annualcreditreport.com  This is the only federally authorized website to get your free credit report. Each of the credit bureaus must provide consumers with a free credit report, once a year. The smartest way to accomplish this is to stagger your requests during the year.

Here’s How:

In January, go to the website and request only one free report from Equifax. Then again in May, request one free report from Trans Union. Lastly in September, request your free report from Experian. This method gives you the opportunity to review your credit report for free over the entire year.

THAT’S NOT ALL FOLKS

To further protect yourself, it’s also important to request a report, monitor or lock down four other lesser-known consumer reporting agencies such as:

ChexSystems: provides account verification services for banks & financial institutions.

Innnovis: provides ID verification data to assist with fraud detection and prevention.

(NCTUE) National Consumer Telecommunications & Utilities Exchange.  NCTUE is a credit checking clearinghouse used by mobile phone providers and utility companies.

Lexis-Nexis: Collects info from public records & data sources such as real estate ownership, liens, judgments, bankruptcies.

 

NEVER HEARD OF THEM

There are dozens of other companies you never heard of that provide consumer reports to specific industries. The Consumer Financial Protection Bureau (CFPB) produced a list of all the known entities that maintain, sell and share tons of data on U.S. citizens. The link to the pdf document is here

The pdf document provides information and the links to the websites of 46 different entities. It also provides information about your legal rights to obtain the data in your reports and dispute any inaccuracies contained in them.

Remember that your data is only as safe as the companies and organizations that are tasked to protect that data. The vast majority of them are doing an abysmal job. So, it is up to you to protect your data and to remain vigilant at all times.

ONE MORE REASON

If I haven’t yet convinced you to freeze your credit file, here’s one more reason to do so. All 3 credit bureaus make a nice profit from selling copies of your file to others. Thus, freezing your credit file will deny them a steady revenue stream. Why should they be allowed to profit from selling your personal info; especially when they do such a lousy job at protecting it. What a perfect way to hit them where it hurts – their corporate bottom line!

You can learn more about credit freezes by reading a prior article of mine HERE

FREE CREDIT FREEZES COMING SOON!

FREE CREDIT FREEZES – Coming Soon!

Thanks to a newly enacted bill, sometime in September, consumers can take advantage of Free Credit Freezes. Because a credit freeze needs to be placed with each one of the three credit bureaus, the new law will help save consumers some money.

Free Credit Freezes
Freeze Your Credit Files ASAP!

The legislation was added as part of the Dodd-Frank bank deregulation bill, passed by Congress earlier this year. The law allows consumers to either place, lift or remove a credit freeze absolutely free of charge.

Before this new law, depending on which State you lived in, consumers had to pay between $2 and $10 to place a freeze. The only way a consumer could get a no-cost credit freeze was if they could prove they were a victim of identity theft.

Brought On By Equifax Breach

Following the Equifax data breach, the advice given by most experts was to place a separate credit freeze with all three of the credit bureaus. You may recall, the Equifax breach exposed the personal data of 148 million Americans. Because social security numbers were exposed in that breach, placing a credit freeze was a consumer’s first line of defense. A credit freeze protects a victim’s credit account by virtually locking access to it. This prevents crooks from applying for credit, using your stolen social security number.

Companies would never approve a loan or a credit card application unless they are able to do a credit check – to see if you are creditworthy. Once a freeze is in place, companies are prevented from checking or viewing your credit file. Therefore, placing a credit freeze protects a consumer from criminals trying to get credit in their good name. Keep in mind that if you yourself wants to apply for credit, you will need to temporarily lift your credit freeze, so that the lender can gain access to your credit file.

NOTE: There’s a difference between a credit “Lock” and a Credit “Freeze”!

Equifax has been offering free credit “Locks” for life as part of its response to their massive data breach. But consumers should be aware that credit “Locks” are NOT the same thing as placing a credit freeze. Credit Locks don’t offer the same consumer protections. They are virtually just an agreement between you and Equifax that can be subject to changes down the line.

Trans Union and Experian also offer their own versions of credit “Locks”. Warning: there are fees involved! Anna Laitin, the director of financial policy with Consumer’s Union recommends freezes rather than credit locks because the rules for credit freezes are established by law. “Consumers will know what they’re getting with a freeze”, she said.

~ See an article I wrote about Credit Locks vs Credit Freezes

CHILD ID THEFT

Children have become a prime target of identity thieves. A million American children became victims of identity theft last year at a cost of 2.6 billion dollars in total losses to the families. Once a thief is able to get identifying information on a child, such as the child’s Social Security number, they can open a credit report on behalf of the child and obtain credit in the child’s name. Fortunately, a provision in the new law also allows for parents or guardians of children under age 16, to set up a credit report and then freeze it at no cost.

What about Fraud Alerts?

Another benefit of the new law also extends the time limit on fraud alerts.  A fraud alert is usually placed to notify the credit bureaus if a consumer suspects they might be a victim of identity theft.  Fraud alerts require businesses to verify an application for credit before giving approval. Originally, a fraud alert was only good for 90 days and had to be renewed again every 90 days for the alert to remain on a consumer’s credit file. The time limit has now been extended from 90 days to a full year.

So, if you haven’t already placed a credit freeze, once September rolls around, you may want to take the advice of experts and place one for FREE!

Please read a previous article of mine if you want to learn more about How to Place a Credit Freeze.

WHY YOU SHOULD PLACE A CREDIT FREEZE

A credit freeze is one of the most effective tools consumers have to prevent future Identity Theft involving credit. In light of the recent Equifax data breach, it is extremely advisable to do so – ASAP!  Think of a Credit Freeze as having an insurance policy that protects you from anyone trying to obtain credit in your good name.

A credit freeze allows you to actually ‘seal’ your credit reports. Therefore, no one, including cyber-thieves, can open up new lines of credit or get a loan – even if they have your social security number. Keep in mind that the Equifax breach exposed the Social Security numbers of 145.5 million U.S. citizens.

A credit freeze denies anyone else (except you) the ability to access your credit report. This prevents the bad guys from trying to establish new credit accounts or take out new loans, using your stolen information. If your credit file cannot be accessed, a lender will not be inclined to issue a new credit card or finance a new loan.

NOTE: Freezing your credit will not protect you from identity theft on your existing lines of credit, such as current loans or current credit cards. A freeze will not provide protection for any financial accounts that you already have open. Placing a credit freeze only protects you from future credit applications. In other words, if your current credit or debit card is lost or stolen, a thief can still steal from you, unless and until you shut down the affected account.

HERE’S HOW TO PLACE A CREDIT FREEZE

Credit Freeze
Freeze Your Credit File ASAP!

You’ll need to call or visit the websites of each of the three credit bureaus and request a Credit Freeze. Each credit bureau charges a small fee that varies by State. The cost in the State of AZ is $5.00 – per person – per credit bureau. Once a credit freeze is in place, it will remain frozen until you remove it or you temporarily ‘thaw’ or ‘lift’ the freeze.

Each credit bureau will assign a PIN (personal identification #) that you must be sure to keep in a safe place for later retrieval. The PIN will be required if you yourself ever want or need to personally apply for a new loan or credit.

If that occasion arises, you will need to temporarily ‘thaw’ or ‘lift’ your freeze, so that your personal application for credit can be processed by the lending institution. Therefore, you’ll need to contact the 3 credit bureau(s) and ‘lift’ the freeze for the number of days you need. Then, once the time expires, your credit file will automatically go back to being frozen again.

The fee to temporarily ‘thaw’ or lift’ a credit freeze will cost you $5.00 – per credit bureau. However, more-than-likely, you will only have to lift the freeze with just one of the credit bureaus. So, be sure to ask your would-be creditor which credit bureau they will use to check your credit.

EVERYONE NEEDS A CREDIT FREEZE

Keep in mind that each individual will need to place a credit freeze. Each person has their own credit file, which is paired with their social security number. So, a husband and wife will each need to place a freeze on their own credit file. Parents are also strongly advised to place a credit freeze on their children’s credit file too. Child ID Theft is a serious issue and very difficult to remedy.

Lastly, you must realize that a credit freeze cannot and will not protect you from other forms of identity theft – such as medical, tax or employment ID theft.  These types of ID theft are much more difficult to protect yourself from, so you must always be ever vigilant.

Remember, your information is only as safe as the companies that store your data and then protect it from data breaches. According to the Identity Theft Resource Center, there were 1093 data breaches reported as of December 2016. We are well on our way to breaking that record in 2017.

CHANCES ARE YOUR DATA IS ALREADY OUT THERE!

You must accept the fact that with all the data breaches and the many millions of records already exposed, your personal information is being sold to the highest bidder on dark underground websites. When it comes to protecting yourself from ID theft, it is always best to take matters into your own hands and be proactive. Always treat your identity as a valuable asset that must be protected at all times!

Read my previous article about a Credit Freeze vs a Credit Lock

Contact Info for Credit Bureaus:

Equifax: 800-349-9960 or www.equifax.com

Experian: 888-397-3742 or www.experian.com

TransUnion: 888-909-8872 or www.transunion.com

Credit FREEZE vs. a Credit LOCK

Consumers Union is recommending consumers place a Credit FREEZE vs. a Credit LOCK.  Here’s Why…

A credit LOCK is simply a contractual business agreement between you and the Credit Bureau. 

Having a contractual agreement is not nearly as strong as having protections under the law. A contractual agreement with a company is subject to change, or may be unclear. It may include provisions that you may be better off NOT agreeing to – such as binding arbitration. With LOCKS, it’s also not clear who would be liable for financial losses.

A Credit FREEZE is the better option, because a credit freeze offers stiffer legal protections.

Its promise to guard your credit accounts is guaranteed by law! If something goes wrong, and your credit accounts are fraudulently accessed, consumers are protected from financial liability.

Credit Freeze vs. a Credit Lock
A Credit Freeze is better than a Credit Lock

BUT – In response to the stampede of people attempting to place a Credit Freeze, after the massive Equifax breach, the 3 Credit Bureaus are pushing consumers to “LOCK” their credit files instead of placing a Credit “FREEZE”.

Just To Be Clear: The best way to protect yourself from an identity thief opening a credit account in your name, is still by placing a credit freeze at all three credit bureaus.

Consumers should be wary of this push towards Credit “Locks”. Equifax and the other two credit bureaus fought for years against our right to freeze our credit reports – and then demanded fees to do so.

Equifax has said it will be offering a new type of credit “LOCK” FREE – for life. This raises questions and concerns about their motives! Credit Bureaus make huge sums of money by selling your information and allowing access to your credit file.  A credit FREEZE will greatly limit their ability to do so.

So if you are offered a choice between a Credit Freeze vs a Credit Lock, don’t let the Credit Bureaus try to fool you. A Credit Freeze has always been the best way to keep the bad guys from getting credit in your good name. A credit LOCK is designed to work in the best interest of the Credit Bureaus – NOT YOU!

“We are still trying to figure out why they are pushing this newer thing they call a credit “lock” says Mike Litt at U.S. PIRG (Public Interest Research Group). “It may allow credit bureaus to market to consumers more aggressively for products that they may not need and/or shouldn’t pay for”.

It’s time for Congress to provide free Credit Freezes. To learn more go here: http://www.uspirg.org/news/usp/interactive-map-shows-consumers-42-states-have-no-access-free-credit-freezes 

You can also read one of my previous articles about the Equifax Data Breach

 

EQUIFAX DATA BREACH – EPIC AND INTRUSIVE

The recent Equifax Data Breach is Epic. It ranks among the largest and most intrusive cybersecurity breaches in history!  

Equifax Inc. said its systems were struck by a cyberattack that may have affected about 143 million U.S. customers of the credit reporting agency. 

UPDATE:: This figure has now been increased to 148 million customers affected

The credit-reporting service discovered the intrusion between May and July of this year. This latest Equifax Data Breach intrusion has jeopardized names, addresses, Social Security numbers, birth dates and even some driver’s license numbers and credit cards.

The CEO said in a statement that “it strikes at the heart of who we are and what we do”.  But apparently, talk is cheap – as this is the third time Equifax has had a breach in less than two years. Additionally, another major credit bureau Experian, had also suffered a large data breach that impacted and exposed millions of records of Americans.

Equifax Data Breach
YOUR IDENTITY IS AT RISK!

Credit Bureaus make piles of money by compiling incredible amounts of sensitive detailed dossiers on consumers and then selling that information to marketers.

 

Therefore, it is unfathomable why a company like Equifax, who is responsible for compiling and safeguarding so much sensitive data, have shown themselves to be such terrible stewards of that data.

Regardless of whether your information was compromised, Equifax is offering everyone the option to enroll in their in-house credit monitoring service – TrustID Premier –  owned by Equifax.

 

 

Typically, the way these ID Theft Protection Service arrangements work is the credit monitoring is free for a period of time (usually one year) and then, consumers are pitched to purchase additional protection once their free coverage expires.

 MY ADVICE:

  • Place a Security Freeze (aka Credit Freeze) with all 3 credit bureaus instead. Do this ASAP for all family members!
  • Be sure to check and monitor your credit report often. To do so – go to annualcreditreport.com  for your free federally authorized credit report.
  • Monitor all financial accounts and billing statements for any suspicious activity.
  • Watch out for SPAM Phishing emails in which scammers will entice you to click on tainted links or open attachments in emails regarding this data breach.

P.S. There was a news story in Bloomberg yesterday indicating that three top Equifax executives sold millions of dollars worth of stock during the time between when the company says it discovered the breach and when it notified the public and its investors. The executives reportedly told Bloomberg they didn’t know about the breach when they sold their shares. A law firm in NY has already announced it is investigating potential insider trading claims against Equifax. To be continued…