Equifax Security Breach

You may have heard about a recent security breach at the consumer credit reporting agency, Equifax. The security breach affected 143 million consumers. You can find out if your personal information was compromised by selecting the Check Potential Impact button.

 

MONITOR YOUR FINANCIAL ACCOUNTS

We recommend you monitor your bank, credit card accounts and other financial accounts and report any suspicious activity. It is also a good time to update your passwords. We strongly discourage using the same password for multiple accounts. Specifically, we recommend using a different password for your email and financial accounts.

Schwab now offers two step authentication for Charles Schwab clients as well. Please contact Schwab Alliance to activate this service at 800-515-2157.

 

FREE CREDIT MONITORING

Equifax is encouraging consumers sign-up for the free credit file monitoring and identity theft protection they are offering at this time. When you start the sign-up process, you will be provided a date to return to the website and continue your enrollment in the free monitoring program.

 

CONSIDER A CREDIT FREEZE

For a fee, you can freeze your credit at the three credit bureau websites, Equifax, Experian, and TransUnion. However, if you plan on making a large purchase that will require a credit check in the year to come, you will need to reverse the credit freezes.

 

TO RECAP:

  1. Select the “Check Potential Impact” button to see if your personal information was compromised.
  2. Monitor all financial accounts and report any suspicious activity.
  3. Consider a credit freeze.
  4. Sign up for the TrustedID Premier free credit file monitoring Equifax is providing at this time.
  5. Return on the provided date to finish enrollment in the free credit monitoring program.

 

WE ARE HERE TO HELP

At Soundmark, we take all necessary precautions to verify identification including two step verification and voice recognition.

If you have any questions about security or the Equifax breach, feel free to call our office.