Canada watchdog asks Equifax to help citizens impacted by breach

The Best Shield For Protecting Your Identity? Try Adopting 4 New Habits

The Best Shield For Protecting Your Identity? Try Adopting 4 New Habits

Credit freezes are being widely recommended to most consumers now, regardless whether they know for sure whether they're one of the 143 million people whose personal information was compromised this summer.

Outrage over the incident, and ensuing confusion, is building quickly.

At the state level, attorneys general for Connecticut, Illinois, Pennsylvania, and NY have already announced investigations, with many more likely to follow.

Three days after Equifax discovered the breach, three top company executives, including Chief Financial Officer John Gamble and a president of a unit, sold Equifax shares or exercised options to dispose of stock worth about $1.8 million, regulatory filings show.

As of today, at least 23 class-action lawsuits have already been filed against Equifax in federal courts across the U.S. DoNotPay, a legal chatbot that launched this summer, is also inviting consumers to automatically sue Equifax in small claims court.

Bloomberg: The Category 5 Equifax Hurricane - "We just have to take a moment and let our collective jaws hang open in abject stupefaction".

"This is the biggest data breach we've ever seen", said Michael Born with Lockton Companies in Kansas City. Millions of Americans' most sensitive personal information is now out there for sale to thieves and governments. And to do it securely!

"In an attempt to increase profits, Equifax negligently failed to maintain adequate technological safeguards to protect Ms. McHill and Mr. Reinhard's information from unauthorized access by hackers", the complaint stated, according to Zero Hedge.

In other words, the vast majority of adults in America. That would be inept. Considering the seemingly endless stream of major hacks that have taken place in recent years, proving that data used to, say, illegally take out a loan in your name came specifically from Equifax would be hard if not impossible. The scope of the hack suggests they walked into the house and cleaned out every room.

And just days after the company learned of the hack, three top Equifax executives, including the chief financial officer, sold shares of the company's stock worth nearly $2 million.

In addition to seeking a credit freeze, potential victims of the Equifax hack should regularly request a copy of their credit reports and sign up for free credit monitoring with a verified provider, Krebs said.

"The mere fact that Equifax leaked your information does not necessarily cause you harm", says Sunderlin. She also says great care should be used when sharing personal information online.

Your credit information will still be released to your existing creditors and any debt collectors who may come calling. In order to fully lock down your data, you'll need to get credit freezes at TransUnion and Experian as well-and, as of now, pay the fees at those agencies. "Lawyers are charging huge amounts of money for doing very little, so I made a decision to launch a product that will make all small-claims litigation free". Type the company name directly into your browser. On Friday, she was directing her Twitter ire at Equifax. Whether there are laws against how the company as a whole - and those three executives - is unclear.

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