Published: Mon, September 18, 2017
Medical | By Garry George

CPD urges credit protection in response to Equifax breach

CPD urges credit protection in response to Equifax breach

The FTC did not confirm the scope of its investigation, but the confirmation of the probe was a rare step for the regulatory agency, and comes after the Consumer Financial Protection Bureau said it was looking into the breach and Equifax's response to it.

The Federal Trade Commission, the division of the government set up to protect consumers, is investigating the massive data breach at Equifax. Plus, I don't really feel comfortable giving Equifax more information about me, which is what you have to do to get answers or sign up for their free credit monitoring (which I also do not recommend, see below).

The credit company may offer the option to lock your account instead of freezing it. Locking is comparable but not the same, which means you need to freeze it.

For mortgage applications, which require credit scores from multiple bureaus (Equifax, TransUnion and Experian), you'll need to do this two or three times. Most victims don't find out about the fraud until they go to file their tax returns and are informed that someone has already filed a return using their Social Security number. Just get use to paying attention to your identity in a whole and protect you.

Promptly report this to the account provider.Having a credit application denied when there is no reason to believe there is a problem with the credit history.

Equifax is a consumer credit reporting agency which collects and aggregates information on consumers and businesses.

"Yes you should", says CBS News business analyst Jill Schlesinger.

To see if your information was impacted in the breach, visit On July 29, 2017, Equifax discovered that hackers had exploited a vulnerability in one of Equifax's online portals and gained access to the personal information of 143 million consumers nationwide. Though best known for credit reports, Equifax is also a data broker, selling the data it amasses to advertisers to aid in targeted advertisements and services. The company has been overwhelmed by requests by consumers to freeze their credit, which temporarily knocked the system offline Wednesday. Don't give out personal information to those who contact you asking for information to verify accounts, and be wary of clicking on links or downloading attachments in email messages. There may be a charge for placing a freeze (Equifax is waiving the fee until November 21, 2017).

Identity theft should become a major concern if you or someone you know has used Equifax services.

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