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Equifax faces up to $70 billion lawsuit for data breach

Equifax faces up to $70 billion lawsuit for data breach

The Atlanta-based company announced last week that a cybersecurity incident has potentially impacted 143 million USA consumers. Equifax has said they did not know about the breach when making their sales, which were not prearranged.

You can also call Equifax (1-800-349-9960), Experian (1-888-397-3742) or TransUnion (1-888-909-8872). But there's still plenty of problems.

Leach noted that state and federal laws are in place to protect consumer from the effects of a data breach. Others have noted the site is buggy and doesn't work very well, further frustrating people who are understandably really concerned about their data. But you can opt out of that provision if you notify the company in writing within 30 days. If someone else goes to take out a loan in your name, the lender will not be able to pull your report and therefore can not extend the credit. As part of its investigation of this application vulnerability, Equifax also identified unauthorised access to limited personal information for certain United Kingdom and Canadian residents.

- Closely monitor their own credit reports, which are available free once a year, and stagger them to see one every four months.

Lenders rely on the information collected by the credit bureaus to help them decide whether to approve financing for homes, cars and credit cards.

Instead, the 10 digits corresponded to the time and date your credit file freeze was performed using the format MMDDyyHHmm, so if you performed the freeze on 9 September 2017, at 3.30pm, your PIN would read: 0909171530.

Equifax is offering consumers this program for free credit monitoring for a year. This option is the best bet for protection, but it is also the most complicated. Each company will require you to file documents requesting a credit freeze and they may also have you pay a fee for the action.

NASA has detected two solar flares of high intensity
While a CME did erupt in the wake of these two solar flares , NASA is still trying to analyze whether or not Earth is in its path. This wavelength shows material in flares at temperatures over 10,000,000 Kelvin (18,000,000 Fahrenheit [10,000,000 Celsius]).

"Frozen credit files can't be accessed by creditors, which should stop thieves who stole your identity during the breach from taking out a line of credit in your name".

A freeze takes your credit report out of circulation.

It can range from $2 to $12 to initiate and then lift a credit freeze, depending on which state a person lives in.

While a chunk of the U.S. population now risk their SSNs ending up in the hands of identity thieves and, perhaps, the dark web, the breach can be yet again an eye opener to consumers across the globe, including India. Credit bureaus like Equifax are lightly regulated compared to other parts of the financial system.

Equifax actually figured out it had been hacked back in July, and apparently spent the time since setting up a site to respond to it and let people check if they are affected.

After news of the breach became public, it was revealed that three senior executives at Equifax, including the company's chief financial officer, sold nearly $2 million worth of the company's shares just days after it learned of the hack.

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