Recently one of the most devastating cyber security breaches in history occurred. Hackers obtained data that from an estimated 143 million Americans. That included credit card information, Social Security numbers and driver’s license numbers, among other information.
If you aren’t checking your bank statements, you should be.
H/T Opposing Views:
Nearly two-thirds of American adults’ sensitive information could be compromised by a massive hack of credit report company Equifax — many without even knowing it.
Hackers spotted a vulnerability in the website and had access to the data for approximately a month, notes The Hill.
Because Equifax gets most of its information from public records, lenders, banks, retailers and credit card companies, many people who have had their information stolen may have never directly interacted with the company and could be completely unaware that they are at risk.
“In practice, companies use these [so-called arbitration clauses] to bar groups of consumers from joining together to seek justice by vindicating their legal right,” Director Richard Cordray of the Consumer Financial Protection Bureau told reporters in July.
Those affected by the breach might want to put fraud alerts on their credit information and potentially also freeze their credit over the long term, which will take their credit reports out of circulation so lenders cannot access their reports, credit expert and former Equifax employee John Ulzheimer told CNN Money.
“[Freezing credit is] a pretty extreme measure, but when 143 million people have been exposed like this, I think you have to take it,” Ulzheimer explained.
What I what to know is, if this was one of the most devasting breaches in history that happened in July, why didn’t we hear about it before September?
Hopefully, everyone is checking their bank statements on a monthly basis.