February 21, 2018

Equifax Announced Cyber security Incident has Affected 143 million consumers Information

11 September 2017, 11:12 | Dan Bryan

Equifax Faces Multibillion-Dollar Lawsuit Over Hack

367737 Montanans affected by Equifax breach, state says

"The only weapon consumers have is these lawsuits to get the companies to basically treat their information with the care it deserves", Weston said.

"This is actually much bigger deal because it's a name associated with an address associated with a social security number", he said.

Considering data breaches are more or less our new normal, the only thing we can really do is the one thing we should be doing anyway: Stay on top of your money, and fix any issues as soon as you can. A security freeze essentially puts a lock on your credit so that most third parties can't access your report.

Nonetheless, the financial information services provider further noted that its core consumer or commercial credit reporting databases seemed to be safe as it did not find any unauthorized activity.

Never Respond to Unsolicited Requests for Information. A consumer has an option, and will continue to have an option, to change an existing PIN. The company's shares had declined about 9 percent in trading on Monday afternoon.

It's being called the worst data breach ever, 143 million Americans targeted. But that also means consumers must lift the freeze each time they apply for a loan or credit card, which can be a hassle and add up over time.

The three "sold a small percentage of their Equifax shares, " Ines Gutzmer, a spokeswoman for the Atlanta-based company, said in an emailed statement.

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But credit freezes aren't free: They typically cost between $5 to $10 each.

On Thursday, Equifax set up a website ( ) to help people determine if their information was breached and what steps they can take to protect their identity.

Under New York law, businesses with New York customers are required to inform customers and the Attorney General's Office about security breaches that have placed personal information in jeopardy. While the company's investigation is substantially complete, it remains open and is expected to be completed in coming weeks, Equifax said. To place a fraud alert, you only need to contact one credit bureau, which is then responsible for contacting the other two: Equifax, Experian or TransUnion. If someone else goes to take out a loan in your name, the lender will not be able to pull your report and therefore can not extend the credit.

They also stole credit card numbers for about 209,000 people and dispute documents with personal identifying information for about 182,000 people. "Enrolling in the free credit file monitoring and identity theft protection that we are offering as part of this cybersecurity incident does not waive any rights to take legal action", it said. People are pissed, and they have a right to be.

Equifax's ham-handed response is reviving calls to weed out mandatory arbitration from the finance industry. This option is the best bet for protection, but it is also the most complicated. Sherrod Brown, D-Ohio, in a statement.

There were 2,227 publicly disclosed "data compromise events" to the end of June, which is broadly similar to 2015 and 2016, but the total number of exposed records has already broken last year's record figure. suggested using "suppression/blocking" to clean your reports of negative, inaccurate marks caused by identity theft.

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