141–150 of 551 posts
If it's online, it will be hacked and exposed. The new reality! Let's just try to limit what info we give to companies, knowing it will be leaked soon or later.
Earlier quoted context omitted.
You have to place the freeze on each of the three credit agencies individually. In most states it's $10 each, but it can vary state to state. https://www.freeze.equifax.com/Freeze/jsp/SFF_PersonalIDInfo... https://www.transunion.com/credit-freeze/place-credit-freeze https://www.experian.com/freeze/center.html
/me sighs The Equifax site appears broken in at least some browsers. Transunion wants me to sign up for an online account, and Experian charges a $10 fee in my state to place a freeze. All three want to collect my name, DOB, SSN, etc. _again_ in order to sign up. This is complete and utter BS. Credit reporting agencies are one of the greatest/worst rackets in the modern financial system.
It's almost funny, in a way. What, so I can become affected if I'm not already?
Suppose Alice is a "victim of identity theft". BigBank gives $10k to Fraudster as a loan, thinking that Alice is the actual recipient. Experian, Transunion and Equifax report this loan as a debt which Alice owes to BigBank. Who is the real victim? The credit reporting agencies want to convince people that the consumer is the victim, and so Alice bears the burden and risk of clearing her name. But it is the credit rep…
Bigbank is the only one in your scenario that actually has monetary loss since they lent out the money and most likely will never get it back. In identity theft, the company has the financial loss. FBI won't investigate unless its over 250k in losses as well.
She may not have to pay that bank loan back but that doesn't clear her credit up immediately.
How do you know if this affects you?
That's what I came here for too. They have a site (go to Equifax for a notification banner) but providing the information they want just tells me to check back later. From the text I would assume I wasn't impacted, despite the fact that it seems almost everyone who used the site would have been. Edit: Seems that if you have a date you're impacted. https://www.reddit.com/r/personalfinance/comments/6yq36a/equ...
Thanks for the info will check it out, I suppose one saving grace for me is my credit is destroyed.
edit: that's funny "I know we just lost your SSN, but could you type it in again?" Also curious if by asking for the last six makes search faster, probably.
site to check impact: https://trustedidpremier.com/eligibility/eligibility.html
Edit that link (trusted) doesn't even say equifax in it, pulled it from Reddit, would be funny if it was a phishing site
Edit: this one looks more legit
https://www.equifaxsecurity2017.com/potential-impact/
Still not the main domain
Suppose Alice is a "victim of identity theft". BigBank gives $10k to Fraudster as a loan, thinking that Alice is the actual recipient. Experian, Transunion and Equifax report this loan as a debt which Alice owes to BigBank. Who is the real victim? The credit reporting agencies want to convince people that the consumer is the victim, and so Alice bears the burden and risk of clearing her name. But it is the credit rep…
How do you know if this affects you?
Hm, I tried using their tool to see if I've been impacted: https://www.equifaxsecurity2017.com/potential-impact/ Which says it would tell me if I'm likely impacted, but instead it just gives a date where I can enroll in some free product, but no info on whether I'm likely compromised. Anyone have a workaround? This is important to anyone that wants to identify if they've been "pwned."
I got the same page, but then I tried putting in a fake name and got: > Thank You > Based on the information provided, we believe that your personal information was not impacted by this incident. So if you just get the enrollment date, I think that means you’re affected.
I watched the video of the CEO describing what Equifax was doing in response to the incident and he does not specifically name "equifaxsecurity2017.com" or "trustedidpremier.com" as the sites they've set up, only that they've set up a special website.
Earlier quoted context omitted.
This thing called "Identity Theft" does cause damage, but it's important to remember that if fraudsters trick a bank into thinking they are you, it is the bank's fault for failing to properly verify it was actually you. Doing so would cost them more money and it is much easier to do cursory checks instead. No doubt fraudsters impersonating you is a hassle and you must spend some time and money dealing with it if you…
But you still pay the fees from the banks failings, so it really does hurt everyone even when the bank eats it.
If a "Too Big to Fail Bank" fails, we all pay. If a credit union in Utah messes up, their customers pay. Let banks compete on operational excellence.
Oddly, on their website equifax.com , they offer a solution to see if your identity is stolen by using a website created today called equifaxsecurity2017.com , which then offers the solution to 'enroll' which sends you to a website created a week ago called trustedidpremier.com . At which point you are to enter your identity information. Um.
Suppose Alice is a "victim of identity theft". BigBank gives $10k to Fraudster as a loan, thinking that Alice is the actual recipient. Experian, Transunion and Equifax report this loan as a debt which Alice owes to BigBank. Who is the real victim? The credit reporting agencies want to convince people that the consumer is the victim, and so Alice bears the burden and risk of clearing her name. But it is the credit rep…
This is very clearly what's going on. Fraud is uncommon enough and the cost of fraud to the banks is smaller than the cost of reducing the velocity of money and loan-making, so the problem will never get fixed so long as it depends on the banks to initiate the fix.