Broker Check
Equifax Data Breach - What You Should Know

Equifax Data Breach - What You Should Know

| September 22, 2017
Share |

Equifax Data Breach – What You Should Know

Last month, one of the big four credit reporting agencies, Equifax, announced it experienced a security breach resulting in criminals accessing personal information of approximately 143 million Americans between May and July of this year. The compromised information included names, addresses, Social Security numbers, and dates of birth. In some instances, driver’s license numbers, credit card and credit dispute information were also compromised. This information is nearly everything that is needed to open an account in your name.

Here is what you should know and how you can protect yourself:

 (1) Visit the Equifax breach website at www.equifaxsecurity2017.com to determine whether you have been impacted.  Keep in mind that the full impact of this breach may not be known yet, so consider revisiting the site periodically for the next few weeks. 

(2) Consider obtaining credit monitoring services. Equifax is offering free credit monitoring to all Americans, whether impacted by the breach or not. Several companies also offer similar services for a fee. Please note that credit monitoring does not prevent ID theft; it simply alerts you when events occur that may impact your credit. 

(3) Be on high alert for impersonators or phishing attempts by fraudsters. Be on the lookout for emails that appear to be from these companies, telling you that you’ve been impacted, or otherwise creating a sense of urgency, and to “click here” for more information.  When in doubt, do not click the link. Any legitimate company will have another way for you to contact them to be sure the email is safe.

Finally, if you are working with a financial advisor - and they have not communicated with you concerning this matter already - make sure to speak with them to discuss any additional steps that may be warranted based on your own personal circumstance.

Neither LPL Financial nor Round Hill Wealth Management are affiliated with any of the credit reporting agencies listed.

Share |