How to protect yourself after Equifax data hack

I was speaking with a few co-workers and clients yesterday after the bad news broke that Equifax lost approximately 143 million individual’s data. Quick tips on how to protect yourself after Equifax hack. Simply follow these steps to reduce the chances of identity impacts.

Equifax is one of the top three credit bureaus that provide the backbone to lenders and borrowers. The other two majors are Transunion and Experian.

Interestingly, Equifax’s latest hack ranks in the top tier of hacks recently – Yahoo still takes number one with 1 billion user accounts compromised. What makes this hack unique is all of our personal information is in one spot – Social Security numbers, date of birth, name and addresses. Scary!

How do you know if you’re impacted?

Easy – visit Exquifax website and punch in some of your vital details. you will receive some preliminary information about any compromises.

What do I do now that I’m impacted?

You’re compromised!! Get out and place a freeze on your credit with all three major bureaus. Good news – it’s free! Who doesn’t like free? Remember that if you’re putting a freeze on your credit it will limit the ability for financial institutions to access your information for new loans, credit lines and possibly establishing new accounts (bank, investment, lending).  Federal Trade Commission FAQ on credit freezes.

Lastly, it is best to obtain a copy of your credit report. Additionally, keep a eye on your financial institutions. In a world of constant security breaches, these types of things seem to be “the way” now.

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