![]() ![]() ![]() Read about the Equifax data breach and take steps to. Members can access their credit reports at AnnualCreditReport. As one of the 3 major credit reporting agencies, Equifax maintains lots of very sensitive information.CFPB's blog post Identity theft protection following the Equifax data breach.provides consumer-facing guidance specific to the Equifax breach.Equifax Could Not Follow Its Own Policies in Patching the Vulnerability That Ultimately Caused the Breach. Rick Smith, Chairman and CEO of Equifax, on Cybersecurity Incident Involving Consumer Data. Equifax never conducted another audit after the 2015 audit and left several of the issues identified in the 2015 audit report unaddressed in the months leading up to the 2017 data breach. ![]() Unauthorized data access occurred from mid-May through July 2017. In a brief video, Equifax Chairman and CEO Rick Smith announced the news and the steps the company is taking in its breach response, saying the company 'acted immediately to stop the intrusion' and that it is currently working with authorities. Jun Ying, 44, of Atlanta, Georgia, was sentenced to four months in prison to be followed by one year of supervised release, ordered to pay restitution in the amount of 117,117.61, and fined 55,000. FTC's Business Blog post, Fraud alerts vs. 7 announced the cybersecurity incident, one of the largest in history. On September 7, 2017, Equifax publicly announced its data breach, which resulted in its stock price falling.The Federal Trade Commission's (FTC) Equifax Data Breach: What to Do webpage.Here are some resources for credit unions working with members may find helpful. Consumers may be confused about how to check if they are impacted by the breach and take steps that may limit the potential for identity theft. Documentation could be bank statements, credit card statements, invoices, telephone records, fraud related. However, as member-owned cooperative institutions, credit unions are often focused on how to assist members. You must have documentation in order to make a claim. After you go through this process, Equifax will offer credit protection. Millions more people than originally reported had their details exposed 56,200 passports, drivers’ licenses, and other. Equifax on Monday evening disclosed up-to-date details on its massive 2017 security breach. Private records of 147.9 million Americans along with 15.2. Youll need your last name and the last 6 digits of your social security number. The Equifax breach resulted in the leak of 56,200 drivers' licenses, passports, and other forms of ID. Strictly speaking, credit unions do not have any specific regulatory obligations with regard to this third-party breach, so how an individual credit union chooses to serve its members in connection with the breach is a business decision. The Equifax data breach occurred between May and July 2017 at the American credit bureau Equifax. In light of the recent large-scale data breach at Equifax, credit unions have been reaching out to NAFCU with questions. ![]()
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