Equifax Data Breach

09/13/17

As you may have seen in the news, Equifax, one of the nation’s three largest credit bureaus, disclosed that it was subject to a massive data breach. By their own admission, the breach affects as many as 143 million Americans.

The Minnesota Bankers Association provided us with action items that our customers can take and we want to share those with you.

  1. Visit www.equifaxsecurity2017.com, an online service Equifax has set up, to check if personal information has been compromised.
  2. A number of experts also advise consumers to place a credit freeze on their credit reports, if they believe they are at risk of identity theft. Based on Equifax’s disclosure, it’s reasonable to assume that the risk is high. Minnesota state law requires a $5 fee for each credit freeze. Consumers may contact the credit reporting agencies as follows:

Experian Security Freeze
(888) 397-3742 
https://www.experian.com/freeze/center.html

 

Equifax Security Freeze
(800) 685-1111
https://www.freeze.equifax.com/

 

TransUnion Security Freeze
(800) 680-7289
https://www.transunion.com/securityfreeze

  1. Monitor accounts closely and frequently. By viewing accounts online and checking throughout the month, you will be able to identify possible problems sooner.
  2. Review credit reports every three or four months. Consumers are entitled to one free credit report from each of the three major credit bureaus per year. You can request a single report from one of the bureaus every three or four months. By staggering these requests, you will be able to monitor credit throughout the year.

Feel free to contact us with any questions or concerns.