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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 ...
5 things to do right now if you're worried about the Equifax hack

5 things to do right now if you're worried about the Equifax hack

Finance
Equifax hack: What you need to knowLet's face it. There's a good chance your personal information was exposed during the Equifax data breach. The names, Social Security numbers, birth dates, addresses, and driver's license numbers for 143 million people may have been accessed. That kind of information could be used by someone else to open bank accounts, credit cards and loans in your name. The credit card numbers of an additional 209,000 people were also accessed. Those people will be notified directly. Everyone else must go to a website created by Equifax and submit their last name and last six digits of their Social Security number to find out if they were affected. If you're concerned about whether your information has landed in the hands of hackers, here are five things you can do ri...
Worried about online fraud? Make sure your financial advisor is ready for a cyber attack

Worried about online fraud? Make sure your financial advisor is ready for a cyber attack

Finance
Cyber theft is the fastest-growing crime in the U.S., and cost the global economy more than $ 450 billion in 2016, with more than 2 billion person records stolen.By 2021, cyber crime damage costs could hit $ 6 trillion annually, according to Ernst & Young's 2016-17 Global Information Security Survey.And companies are experiencing larger breaches, reported IBM. The average size of data breaches increased 1.8 percent in 2017 to more than 24,000 records, according to its 2017 cost of data breach study.Financial advisors are increasingly aware of this threat, with 81 percent saying cybersecurity is a high priority. Yet, just 29 percent say they are "fully prepared to manage and mitigate the risks associated with cybersecurity," according to a study released last September by the Financial ...
Should we be worried about net neutrality?

Should we be worried about net neutrality?

Technology
Some of the world's largest internet companies are taking part in a day of protest against changes that say will affect net neutrality - but what is net neutrality and should UK citizens be concerned?:: What exactly is net neutrality?Net neutrality is a term coined in 2003 to describe the principle that internet service providers (ISPs) should treat all of the data they are providing to customers equally, and not to use their own infrastructure to block out competitors.:: What is the protest?Companies such as Amazon, Reddit and Netflix altered the way their services are displayed on Wednesday in protest against the US Federal Communications Commission's (FCC) proposals for deregulation.The 170 organisations involved are overwhelmingly American, as, of course, is the FCC.They are worried ab...