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Tag: Equifax

Why Millennials should be really worried about the Equifax breach

Why Millennials should be really worried about the Equifax breach

Finance
Freezing your credit after Equifax hack...not so easyIt seems like every other day we read about a major hack or security breach that exposes our personal or financial information. But last week's news about a data breach at Equifax, one of the three major credit reporting agencies, was different. The type of information accessed -- Social Security numbers, birthdays, addresses -- was particularly extensive, leaving nearly half of all Americans vulnerable to identity theft. Thieves who get hold of your personal information can open bank accounts, new credit cards or lines of credit in your name -- and destroy your credit in the process. Identity theft is bad news for everyone, but it's especially dangerous for young adults. Millennials may need their credit sooner When you try to open a ...
Equifax data breach: Credit rating firm replaces key staff

Equifax data breach: Credit rating firm replaces key staff

Technology
US credit report giant Equifax has replaced two senior staff after revealing last week it had suffered a massive data breach.Data on up to 143 million Americans, about 400,000 Britons and a number of Canadians may have been stolen by hackers between mid-May and July.The chief information officer and chief security officer have both stood down.Equifax faces dozens of legal claims over the breach, which the US Federal Trade Commission is investigating.Social security numbers, birth dates, addresses and driving licence numbers for up to 143 million Americans were exposed, the Atlanta-based firm says.Credit card numbers for about 209,000 Americans and "certain dispute documents with personal identifying information" for some 182,000 Americans were also accessed by the hackers, it adds.Lenders ...
Getting up to speed on the Equifax data breach scandal

Getting up to speed on the Equifax data breach scandal

Technology
Equifax has been scrambling to explain itself since disclosing last week that it exposed vital data about 143 million Americans — effectively most of the U.S. adult population. It's come under fire from members of Congress, state attorneys general, and people who are getting conflicting answers about whether their information was stolen. The company keeps track of the detailed financial affairs of all Americans in order to gauge how much of a risk they are for borrowing money. That means it and its competitors, TransUnion and Experian, are a detailed storehouse of some of the most personal and sensitive information of Americans' financial lives. And all of it could be used for identity theft. Here's the latest on what you need to know about the breach: WHAT EQUIFAX IS SAYING Equifax is try
What you need to know about the Equifax data breach

What you need to know about the Equifax data breach

Technology
Equifax, one of the three main credit reporting companies, said this week that a major data breach exposed Social Security numbers and other important information of millions of people. The breach affected about 143 million in the United States, as well as some people in Canada and the United Kingdom, but Equifax didn't provide a number. Hackers had access to the data between May and July, Equifax said. The company discovered the hack on July 29 and publicly announced it more than a month later on Thursday. Here's what else you need to know about the breach: ——— WHAT INFORMATION WAS TAKEN? Hackers had access to Social Security numbers, birth dates, addresses, driver's license numbers, credit card numbers and other information. Those are all crucial pieces of personal data that criminals c