143 million customer records compromised in Equifax hack

Equifax breach could cost hundreds of millions of dollars, says Forrester analyst

"We entrust these companies when we purchase, when we go to the bank, etc., to actually secure our data; and the bottom line is, we don't know what is happening", said Paullet. In addition, credit card numbers for approximately 209,000 United States consumers, and certain dispute documents with personal identifying information for approximately 182,000 USA consumers, were accessed. Consumers can also check their credit report for free each year at annualcreditreport.com. Equifax also says it'll send a notice to all who had personally identifiable information stolen.

"In an attempt to increase profits, Equifax negligently failed to maintain adequate technological safeguards to protect Ms. McHill and Mr. Reinhard's information from unauthorized access by hackers", the complaint stated.

If you sign up for Equifax's offer of free protection, you may be limiting your rights to sue and be forced to take disputes to arbitration.

Place a credit freeze at all three credit bureaus. A freeze won't affect your credit score or report. The lawsuit claims Equifax caused harm and it presents two victims of the breach, Brian F. Spector and James McGonnigal.

Freezes can be done online at the websites of the three credit reporting agencies - Equifax, Experian and TransUnion. "Enrolling in the free credit file monitoring and identity theft protection that we are offering as part of this cybersecurity incident does not waive any rights to take legal action", it said. "Organized criminals, they're buying and selling this information to be used, mostly for extending credit then buying something and getting money out of the deal".

The newest lawsuit was filed in Atlanta by a group of lawyer that includes the former Georgia Gov. Roy Barnes.

Equifax says it has found no evidence of activity on Equifax's core consumer or commercial credit reporting databases.




As of Monday, the options contracts with the largest outstanding bets on the stock profit from a decline of 15% to 19% over the next five weeks, according to data compiled by Bloomberg. However, the New York Attorney General's Office clarified with Equifax that contract language applied to the identity theft products and not potential arbitration related to the data breach.

Instead, the 10 digits corresponded to the time and date your credit file freeze was performed using the format MMDDyyHHmm, so if you performed the freeze on 9 September 2017, at 3.30pm, your PIN would read: 0909171530.

Lenders use Equifax information to determine risks in financing people's mortgages and credit cards.

And three of the company's executives sold almost $2 million in Equifax shares days after the cyberattack was discovered, SEC filings show.

Ultimately, the onus will probably be on consumers to try to protect themselves.

Equifax spokesperson told The Guardianand Gizmodo that the executives had "no knowledge" of the breach at the time they sold their shares.

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