If you haven't heard by now, Equifax, one of the big 3 credit agencies suffered one of the biggest breaches of personal information in history.
If you are affected (they claim 140 million people were) then you need to re-think a lot of things. You can check if you are affected by visiting this link. The credit agencies maintain some of your most important and confidential information about you such as social security numbers, addresses, former names, your mortgage, car loans, credit card(s), spending history, balances, divorces, marriages, siblings name and information, children names and information and so on.
What is really awful however, is that much of this information is used to verify who are who you are. For example when applying for a loan, or doing a wire transfer your bank may ask you a series of questions. Those questions come from your credit report. Take PayPal and Square Cash - they will often use your credit report to authorize higher transfer limits from your accounts.
This information was stolen and it's never going back. Equifax has literally exposed millions of people to future and ongoing fraud and identity theft that they cannot put the lid back on. This is a good reminder of how broken the system is. Too much information, without the necessary protections and a flawed business model. To add insult to injury Equifax has fumbled and screwed up their response and only offered people 1 year of identity theft monitoring.
None of that will matter. This information is in the hands of criminals. This information is valuable for the next decade or longer. The exposure you face to fraud has never been more severe or significant.
So with this in mind, I recommend you take the following actions.Read More