Equifax Data Breach – What You Need to Know

On September 7, 2017, credit reporting agency, Equifax, reported a major cybersecurity incident that resulted in the compromise of personal data for at least 143 million consumers. Here’s what you need to know:
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How do I know if I am affected?
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  • Virtually all financial institutions, including Public Safety Credit Union, report  loan information to Equifax, so it is likely that many of our members are affected.
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  • You can go to https://www.equifaxsecurity2017.com/ to see if you have been affected..

What type of information was potentially compromised?.

  • Equifax reports that name, social security number, birth date, address information and possibly drivers’ license data were compromised.
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  • Equifax has NOT indicated that Credit Union account numbers were compromised.
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  • Additionally, credit card numbers were compromised for about 200,000 consumers. This will likely only affect members that had provided their credit card directly to Equifax for services, such as credit monitoring, etc.

.What can I do to limit my risk?.

  • Keep a close eye on your accounts using GKCPSCU’s mobile banking and Mobimoney apps. Vigilance is the best weapon.
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  • Use alerts in our online banking system to keep you in-the-know when activity occurs on your account.
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  • Make sure your contact information is current with the Credit Union, so you don’t miss any alerts or messages from us.
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  • Go to www.annualcreditreport.com to check your own credit report. You can do this for free one time a year.
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  • If you have paid for services directly from Equifax, you may want to have your credit card blocked and re-issued.
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  • You may want to consider a credit monitoring service. Equifax is offering free monitoring service to consumers, whether or not they have been impacted by this breach. Please note that there are many credit monitoring services, and the Credit Union does not endorse any one over another.
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  • You may also want to consider placing a security freeze on your credit report. This will NOT guarantee protection from fraud, but it will reduce the likelihood of a fraudster applying for credit in your name. Keep in mind, it will also keep YOU from applying from credit until you unfreeze your report.

9/7/17 Additional comment
It appears that Equifax has incorporated language into the “Terms of Use” when you sign up for the “free” year of credit monitoring that attempts to force you to agree to waive your right to participate in any class action suit over this breach. We recommend that you do not use this service!

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