Washtenaw Federal Credit Union Blog Postings

Special Alert: Information on the recent Equifax Breach

As many of you have heard, Equifax (one of the three major credit bureaus used to check your credit) has recently released information on a breach they experienced that may impact more than one hundred million Americans (as they have released). We want to pass along some information to our members that may help mitigate risk – we are still currently trying to assess the scope of this situation and awaiting more information but we received some information from Ann Davidson, who is the VP of Risk Consulting at Allied Solutions, and it is below: “On September 7 it was announced that Equifax® was attacked by a cybersecurity breach that resulted in the exposure of an estimated 143 million consumers’ private information, not including those impacted in the UK and Canada. The data stolen in this horrific attack includes consumers’ names, SSNs, birth dates, addresses and driver’s license numbers, as well as 209,000 stolen card numbers and private data from 182,000 stolen dispute documents.” Below are some risk mitigation recommendations that Allied Solutions recommended we share:   “Closely monitor all credit accounts and loans, to catch and report any suspicious activity on any one of those accounts. Immediately report any suspicious credit or loan account activity – no matter how remote the suspicion – to the financial institution and/or lending institution. Sign up for the fraud alerting services offered by the three credit bureaus to to receive notifcations about potentially fraudulent activity: Equifax TransUnion Experian Sign up for free credit monitoring services, to monitor and report unauthorized activity. Place a freezeon all three credit bureau accounts to prevent fraudsters...