Equifax Hacked - 143M US Consumers could be affected

[highland145]

If your credit is ruined, highland145 can help!

Yes I sure can. I'll even give you the family rate.

 

[Not So Mild]

http://www.zerohedge.com/news/2017-...r-leaking-143-million-social-security-numbers

I guess there is a lawsuit in place for $70 billion. Seems a little low considering how many people were affected and the severity of the breach.

 

[ImpulsE69]

What..you think 'we' are actually going to get any substantial money out of this? Laff. They aren't even going to notify anyone of the breach. If you aren't glued to the internet you wouldn't even know.

It still amazes me this company's stock has only dropped $10 and still over $100 a share and that they've been mostly silent after having what was over a month to figure something out. Comes off as very arrogant and pretty anti consumer.

 

[Charmonium]

Equifax.exes have stopped responding to the system because they're having a party due to the large windfall they'll get from being incompetent.

Execs having a party:

OMG, that is so funny and so gross at the same time.

 

[Perknose]

Yes I sure can. I'll even give you the family rate.

Why would we want to pay double?

 

[Elixer]

http://www.zerohedge.com/news/2017-...r-leaking-143-million-social-security-numbers

I guess there is a lawsuit in place for $70 billion. Seems a little low considering how many people were affected and the severity of the breach.

Well...

Equifax Market Cap: 13.60B for Sept. 11, 2017
Equifax Total Assets (Quarterly): 7.058B for June 30, 2017

So, we will get somewhere between nadda & bupkis.
Lawyers will score big time.

 

[JEDI]

uggg.. credit freeze at each credit reporting agency costs $10 each in my state

 

[JEDI]

How to set up a credit fraud alert - https://www.consumer.ftc.gov/articles/0275-place-fraud-alert

They're good for 90 days and can be renewed indefinitely. Only need to alert one credit agency and the others will be informed. Entitles you to free credit report from each agency every 90 days (double check that last bit.)

thx.
Experian website sucks. wouldn't allow me to add fraud alert.
"We are unable to honor your request for online access."

Transunion was easy peasy!

 

[highland145]

Why would we want to pay double?

Right in the heart, Dave, in the heart.

35% for ALL.....

 

[snoopy7548]

Equifax has addressed (not officially, I guess) the PIN issue.

https://arstechnica.com/information...r-security-freeze-on-consumer-credit-reports/

"While we have confidence in the current system, we understand and appreciate that consumers have questions about how PINs are currently generated. We are engaged in a process that will provide consumers a randomly generated PIN. We expect this change to be effective within 24 hours. A consumer has an option, and will continue to have an option, to change an existing PIN. The requested new PIN is sent to the consumer by US Mail to their address of record."

Spoken like they're doing us a freaking favor just to shut us up. Asswipes.

I can't wait to pay $5 to Equifax in order to change my PIN to something more secure than a timestamp. That's what, $10 I'll be paying them for their screwup? How many people have already frozen or plan to freeze their reports? They're laughing all the way to the bank on this one.

 

[FIVR]

I'm considering buying puts on this company. It's such a S-show, I've never seen anything like it. Maybe Enron was worse.

 

[FelixDeCat]

I think there is a simple solution to this. All affected consumers should be snail mailed random six digit PINs that will be needed to apply for credit or make changes to contact information on a credit report. This way criminals cannot open credit accounts or have bills come to an address or email address only they can access.

 

[Crono]

I think there is a simple solution to this. All affected consumers should be snail mailed random six digit PINs that will be needed to apply for credit or make changes to contact information on a credit report. This way criminals cannot open credit accounts or have bills come to an address or email address only they can access.

Isn't that what they do with a credit freeze? Also similar to FSA (FAFSA) PIN (though they switched over to ID system fairly recently).

 

[FelixDeCat]

Isn't that what they do with a credit freeze? Also similar to FSA (FAFSA) PIN (though they switched over to ID system fairly recently).

That's what gave me the idea. It should now be assumed everyone's data is compromised, therefore more identity (like a PIN) should now be required.

 

[Slew Foot]

do you need to freeze at all three beaureaus or just one?

 

[Charmonium]

thx.
Experian website sucks. wouldn't allow me to add fraud alert.
"We are unable to honor your request for online access."

Transunion was easy peasy!

I tried TransUnion but it kept crashing so I went to Experian. That went very smoothly. Here is the message I got on completion.

I set up Google calendar to remind me every 3 months to renew.

 

[senseamp]

There are 4 credit bureaus now, there is one called Innovus. And why not set another one up, at $10 per freeze, why wouldn't you, if you could get your hands on that data? Whoever stole the Equifax data should just set up another credit bureau and charge people $10 to not release their data, which is basically what the credit bureaus do. It's ridiculous that anyone who gets your data, without your permission, is then allowed to charge you ransom money to not give it to someone else. But our Congress is too busy repealing regulations than regulating.

 

[Elixer]

do you need to freeze at all three beaureaus or just one?

All of them... and there are 4.

Only a "Fraud Alert" lets you notify one company, and that company will notify the others.

 

[senseamp]

So is free fraud alert is useful at all?

 

[nisryus]

I have a question about credit freeze... Would I be able to sell my house if I freeze my credit? Would it impact address changes with various agencies (USPS, banks) and credit card company? (Sorry, I am a totally n00b when it comes to credit)

 

[local]

Just did the Experian fraud alert, I can confirm it was quite painless. Also holy crap Chase do you really need to pull my report every month?

 

[ponyo]

I have a question about credit freeze... Would I be able to sell my house if I freeze my credit? Would it impact address changes with various agencies (USPS, banks) and credit card company? (Sorry, I am a totally n00b when it comes to credit)

Credit freeze won't affect any of those things. It only prevents people (even you) from pulling your credit to apply for new credit. And since they can't pull your credit and check your credit history, they won't approve any new credit. All your existing credit and loans works and functions as normal.

 

[ponyo]

https://www.nytimes.com/2017/09/12/your-money/equifax-fee-waiver.html

The dummies at Equifax will drop credit freeze fees for 30 days. This should've been offered from day one when they had over a month to think about their plans and action. And it falls way short of what's needed. The reporter asks all the right questions anyone with a brain would've asked and the executives at Equifax should've thought of. It just shows you the contempt the executives at Equifax has for you and me.

 

[tortoise]

“Everything is going to be hacked eventually. That’s just the way it goes,” said Russell Vines, a cyber-security expert at Consumers Union. “So everyone has to make provisions for what happens after.” . . article.

 

[local]

At this point what is left to hack on an individual? Direct access to bank accounts and retirement accounts or the IRS?