Finance

Equifax says it had a security breach earlier in the year

Equifax says it had a security breach earlier in the year

Equifax has said it discovered the breach July 29 and blocked suspicious traffic.

Equifax confirmed on Tuesday the company had been breached before last month's massive hack that potentially put 143 million people at risk.

Additionally, while appreciative that Equifax will be reimbursing consumers who paid a fee to freeze their Equifax credit reports as of September 7, 2017, the date the breach was announced, General Slatery urged Equifax to extend the free credit freezes past the current deadline of November 21, 2017 and to reimburse fees paid by consumers for security freezes by other credit reporting agencies.

If you would like to monitor your credit to prevent identity theft and see your credit report and score for free within minutes, check out our credit monitoring service. This is the real website; only use it to check if you were part of the breach. Its lawyers say that Equifax's negligence exposed more than half the state's adult population to the breach, and the company was negligent in dealing with security threats, including the software vulnerability that has become the center of the investigation. With a credit freeze, no third party can access your credit report until the freeze is lifted.

Arbitration Clauses: Equifax has stated enrollment in "TrustedID Premier"- their product offered in response to the breach - will not subject an enrollee to mandatory arbitration.

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In the wake of the news that the credit-reporting firm Equifax had been hacked, many consumers across the country were left feeling vulnerable.

After you successfully freeze your credit history in all three credit bureaus, each bureau will give you a pin number.

Legislation introduced by U.S. Sen. The information that was stolen primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver's license numbers. "They actually got your name, address, social security number, possibly even your driver's license number, they have the ability to perhaps even take over your current accounts, so it's going to be vital that you're actually reading your current statements on the accounts you already have, not just being anxious about whether they're going to open up new accounts in your name". They use false telephone numbers, impersonate Equifax representatives and claim to be verifying account information.

American consumers deserve compensation from Equifax. He wrote that Equifax should also extend a November 21 deadline to reimburse customer fees for freezing Equifax credit reports, and should reimburse fees from other credit reporting agencies. If your current accounts have been compromised, you need to contact the fraud department at each of those creditors, to have those accounts closed, and a new card reissued (or have the individual account frozen, if that is an option with that creditor).

Parents and grandparents should place a freeze on their children and grandchildren's credit reports as well. You may want to check again. The company spokesperson said Equifax is "working diligently with our bank partners to assess and mitigate any impact to their operations".