Equifax takes more steps to help victims of system breach

University data was not part of Equifax data breach; OIS provides useful links

The Equifax breach exposed information, including Social Security and credit card numbers, that could be more valuable to bad actors and potentially more damaging to consumers.

That's leaving millions of Americans scrambling to figure out how to respond to the security breach and the threat of having their identities stolen.

- Consider freezing your credit reports. "If they knew about the breach and waited to make it public, they will be criticized for not exercising appropriate oversight". But, that's about all you can really do.

The credit reporting agencies may charge a fee, usually under $10, depending on which state you live in.

Suppress Fraudulent Info. While you can dispute run-of-the-mill credit report inaccuracies, it's best to use a process called "suppression" / "blocking" to get rid of negative info resulting from identity theft.

Equifax says they will offer free credit monitoring services to all US costumers for one year.

"Equifax carries cybersecurity, crime, general-liability and other lines of insurance, and we have begun discussions with our carriers regarding the incident", a spokesperson said by email Saturday, without commenting further. The company says it will send mail to all who had personally identifiable information stolen.

Credit monitoring companies literally give nothing back to consumers. Hackers had access to the data between May and July, Equifax said. Equifax has set up a site - equifaxsecurity2017.com - where consumers can check if their data was exposed. From there, you will be asked to enter your last name and the last six digits of your social security number. This means you can not apply for new credit without lifting the freeze.

Mogull says the web app breach suggests "things are broken down in a couple of different areas". Note that initial fraud alerts do not require that additional steps be taken to verify your identity and expire after 90 days. A fraud alert, in contrast, doesn't actually do much.

Once credit reports get frozen, banks can not obtain access to them either. You are allowed a free copy once a year from each of the three credit reporting agencies: Equifax, Experian, and TransUnion. Chief among the questions lawmakers and consumer regulators are raising is whether the credit-reporting bureaus are subject to enough oversight.

"It's the gateway to your personal history, your medical history, your financial history, to your credit". If you don't known how to write it, this site can help.

-Regularly check your reports at annualcreditreport.com and monitor your accounts closely for suspicious transactions. Well, applying for housing, checking accounts or new credit cards can all involve a credit pull by potential landlords, mortgage lenders or banks. Identity theft can be crippling, expensive, and incredibly hard to resolve. Hackers sometimes test whether a credit card is valid by posting a small charge of a dollar or two.

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