Equifax's Wide Moat Intact After Data Breach

367737 Montanans affected by Equifax breach, state says

367737 Montanans affected by Equifax breach, state says

"In the first six months of 2013, 2014 and 2015, the number of these large breaches hovered in the mid-teens".

Equifax has created a website, www.equifaxsecurity2017.com, for consumers to check to see if their information has been compromised.

"I can not recall a previous data breach in which the breached company's public outreach and response has been so haphazard and ill-conceived as the one coming right now from big-three credit bureau Equifax", Krebs said. The alert is free of charge and will make it more hard for someone to open credit in your name. But, that's about all you can really do.

The bureau noted that Equifax provides an automated, secure line (1-800-349-9960) for consumers to freeze their credit report with the agency. Some credit card information was also put at risk.

The company suggests you sign up for credit file monitoring and identity theft protection.

One of the three biggest credit-reporting companies, Equifax generated $3.1 billion in revenue previous year operating behind the scenes helping banks, insurers and employers assess people's creditworthiness for loans, jobs and credit cards.

Just for a minute, imagine that hackers have gained access to a database containing sensitive information about hundreds of millions of people. "That's the big stick consumers have, and companies have been taking it away". Equifax also alerted the local law enforcement who are investigating the breach, plus, they also hired an independent cyber security research firm which has a task of assessing the scope of the intrusion. I would encourage everyone to assume they were affected, regardless of what Equifax's site says, as the investigation into the breach is ongoing.

"The breach activity we are tracking this year is a stark reminder of just how many data compromise incidents are motivated by financial gain".

An information page for USA users requires them to enter their name and last six digits of their social security numbers to determine if their social security number has been stolen, but nothing exists for United Kingdom users yet.

Place a credit freeze at all three credit bureaus.

He said he expects it will likely take a while for the company to recover from the damage to its finances and its brand, but over time, companies do recover. To unlock credit, a person is given a PIN. Unless you qualify for an extended fraud alert, you'll need to renew this every 90 days.

"Credit monitoring companies manage a treasure trove of information that can be damaging if it lands in the wrong hands, especially when it's been in those hands for several months". You are allowed a free copy once a year from each of the three credit reporting agencies: Equifax, Experian, and TransUnion.

The complaint, which was filed in Portland, OR, federal court, states that Equifax was negligent in failing to protect consumer data, and disregarding consumer safety in order to save money.

Run your credit reports. However, the company has stated in its FAQs about the data breach that it "will not apply any arbitration clause or class action waiver against consumers for claims related to the free products offered in response to the cybersecurity incident or for claims related to the cybersecurity incident itself". If you can, use authentication that requires two steps. Consumers can also check their credit report for free each year at annualcreditreport.com. As a financial planner in New York City, being able to access client accounts during meetings is incredibly helpful.

Recommended News

  • Another recently-released veteran signs with Green Bay

    Another recently-released veteran signs with Green Bay

    If Green Bay has an offensive question mark it is on the offensive line where the Packers left T.J. Green Bay will try to extend that win streak to eight games this Sunday against the Seahawks.
    What Does Destiny 2 at Capacity Mean?

    What Does Destiny 2 at Capacity Mean?

    It simply means that the servers that run Destiny 2 are at capacity, and no more gamers are able to get on at that current time. Even for a casual gamer, it's almost impossible not to get hyped after embedding yourself in the Destiny 2 world.
    Punishing prices for gasoline hit Saturday at local stations

    Punishing prices for gasoline hit Saturday at local stations

    Others saw potential for operational refineries to delay typical September seasonal maintenance to benefit from high prices. Barrett says, "The prices will go up a little bit, but then it should be back to normal here in the next few weeks".
  • Karolina Pliskova, Rafael Nadal, Roger Federer, Madison Keys in action

    Karolina Pliskova, Rafael Nadal, Roger Federer, Madison Keys in action

    Open final, when del Potro won his only Grand Slam title and ended Federer's run of five championships in a row in NY . Vandeweghe , on the other hand, will be facing the top ranked Karolina Pliskova of the Czech Republic.
    McGregor Blasts Mayweather Fight As 'The Rules Of A Circus'

    McGregor Blasts Mayweather Fight As 'The Rules Of A Circus'

    Shields went on to say she felt the only chance McGregor had of winning was if "he lands a lucky punch in the first two rounds". Mayweather, for once in his life, looked sluggish, out of focus, out of shape and dangerously unmotivated for most of the bout.
    Ohio State's new offense is just getting started

    Ohio State's new offense is just getting started

    The running game appears to be in good hands with Dobbins and Mike Weber , who missed the opener with a hamstring injury . That loss was the Buckeyes' first time being shutout in a postseason game, and their worst-ever loss in a bowl game.
  • Tarik Cohen shines in debut

    The most encouraging thing about the Falcons on offense had to be Matt Ryan who hasn't slowed down a bit from his MVP run. That's what we expected. "It's a done deal, and we've got to look forward to Tampa". "That's what this week will be".
    New York Jets at Buffalo Bills: Initial observations and thoughts

    New York Jets at Buffalo Bills: Initial observations and thoughts

    Well, we also saw early signs that Bowles is going to be just as puzzling to observe this year as he was last year. McCown, a 15-year veteran who is playing on his eighth N.F.L. team, is not the Jets' quarterback of the future.
    Hurricane Irma batters Caribbean, Florida braces for hit

    Hurricane Irma batters Caribbean, Florida braces for hit

    The high winds and heavy rains tore through the heart of the north eastern Caribbean islands of Antigua, Barbuda and St. It also says that the airport did not sustain any major damage but that it remains closed along with two ports.
  • JJ Watt heads to locker room with injury

    JJ Watt heads to locker room with injury

    And while his attention is on making sure he's ready for that game, he certainly knows what Sunday's game could mean to the city. Fortunately for the Texans, their defense led the National Football League in 2016 and with the return of defensive lineman J.J.
    Americans to face off in US Open semifinals, a first since 1981

    Americans to face off in US Open semifinals, a first since 1981

    Meanwhile Rafael Nadal has taken a two sets to love lead over young Russian Andrey Rublev in the men's quarter finals. All that's left is for her to go out and play the match of her life, like she's been doing pretty much all season.
    Gasoline price dips as U.S.  refineries prepare to reopen after Harvey

    Gasoline price dips as U.S. refineries prepare to reopen after Harvey

    Early Wednesday, Motiva said it started closing its Port Arthur refinery "in response to increasing local flood conditions". In South Carolina, the cost of unleaded gasoline averaged to $2.38 per gallon by Friday morning, up 12 cents from Thursday.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.