The most disturbing thing about the data breach acknowledged last week by the credit reporting agency Equifax is not that 143 million people's personal data may have been exposed, nor even that there's not much those people can do about it. With two other major credit bureaus offering substantially similar services, the biggest question is whether customers will return to Equifax, and whether financial institutions will continue to send valuable customer data - the lifeblood of the business - to the company, given its recent security problems.
The lawsuit is in response to Equifax's announcement on September 7, 2017 that a massive cybersecurity data breach had occurred in its data systems from mid-May through July 2017.
David Vega is a commercial lender at Bancorp South in Columbus. Since the Equifax data breach checker requires users to enter the last six digits of their Social Security numbers, users could be at further risk if the site is compromised.
The cyberattack at the credit-reporting firm, reported last week, may have compromised the personal data of nearly half the USA population. "Hackers are resourceful criminals who are constantly looking to exploit any vulnerabilities, and I encourage everyone to educate themselves about how to best protect their personal information".
Each credit bureau can charge a fee of $5.00 to establish a credit report in your child's name and then place a Protected Consumer security freeze on it. If there's fraudulent activity, you should contact each of the three credit reporting agencies to dispute the inaccurate item (s).
Lawmakers and customers have vented their anger at the credit bureau after it was revealed that hackers were able to access an astounding amount of data.
A credit freeze, which is also called a security freeze, locks down your credit and can only be lifted with a personal identification number (PIN) that you receive when you enroll. "They will make a decision based on your Canadian credit information", Morley said.
"Just because se your credit is bad doesn't mean it's actually a protection for you".
You find unfamiliar accounts or charges on your credit report.
Texas law allows parents to protect their children from identity theft by freezing their child's credit. After the breach debacle that Equifax went through in 2013, just four years ago, there is no conceivable excuse in the world for this kind of failure to happen again.
Or, the likeliest possibility: nothing at all happens, but in a year when the free term expires, we'll feel compelled to start paying $20 a month to renew Equifax's security blanket or sign up for LifeLock. "If Equifax is genuine about wanting to protect customers, it must remove forced arbitration immediately from TrustedID and any other services offered to victims of the data breach", Sen.
The Equifax leak is a larger and more damaging version of the 2015 Anthem hack that put the sensitive data of 78 million people at risk.
Credit bureaus collect data on how you've repaid debts you've incurred. Hopefully the issue will be resolved or we'll have more clarification.