Equifax Data Breach

The following information was sent from credit union trade association in Georgia that can help you understand the Equifax Breach incident & steps you can take.

  • An independent investigation by a cybersecurity firm determined information had been accessed between mid-May and July
  • Credit unions do report to the credit bureaus, although no evidence of unauthorized activity has been discovered on Equifax's core consumer or commercial credit reporting databases
  • Approximately 143 million U.S. consumers had information accessed
    • Compromised information included:
      • Names Social Security Numbers
      • Birth Dates
      • Addresses
      • Driver's Licenses
  • Approximately 209,000 credit card numbers were accessed
  • Approximately 182,000 dispute documents with personally identifying information were accessed

Equifax has set up an informational website and identity theft monitoring for consumers

  • Consumers can determine if their personal information may have been impacted by visiting www.equifaxsecurity2017.com
  • Through Nov. 21, 2017 consumers - whether affected by the breach or not - can sign up for TrustedID Premier credit monitoring at no charge
    • Enrollees in the program will have complimentary access to:
      • Equifax credit report
      • Credit file monitoring at all three major credit bureaus
      • Equifax credit report lock
      • Social Security number monitoring
      • $1 million in identity theft insurance
  • Signing up for this program does not waive any rights to take legal action, as the restrictive language previously included in the terms of use for this program has been removed.

Equifax was originally charging consumers to put a freeze on their credit files, but has since dropped the charge and is offering that service at no charge through Nov. 21, 2017.

Consumer Impact

Affected consumers are at risk from criminals using stolen information to fraudulently open accounts. This means the most pressing and immediate threat with this breach is identity theft, and the best thing credit unions can do right now is provide their members with identity protection tips.

The first step consumers should take to find out more is to visit both websites noted above.

Then, consumers should take steps to protect their identities. There are a number of tips at www.stopthedatabreaches.com that can help consumers remain vigilant and protect their personal data. These include:

  • Don't respond to email, text or telephone calls asking for personal or financial information
  • Frequently review account activity and immediately report unauthorized transactions
  • Place an initial fraud alert with credit bureaus if fraud has occurred
  • Enroll and opt-in for transaction monitoring
  • Use card on/off switches (if available)
  • Enroll in Verified by VISA/MasterCard Secure Code

The Federal Trade Commission's website has additional consumer information.

Back to Top Button