Equifax, one of the three US credit bureaus, reported a data breach of its systems yesterday, potentially impacting approximately 143 million US consumers. SF Fire Credit Union systems were not affected. Nevertheless, we encourage our members to always take precautions to protect their data.
What Information Could be at Risk?
Information at risk includes names, Social Security numbers, birth dates, addresses, and in some cases, driver’s license numbers. Additionally, credit card numbers for approximately 209,000 US consumers and certain dispute documents, which included personal identifying information, for approximately 182,000 consumers were accessed.
Actions to Protect your Information
Actions you can take include:
- Monitoring your credit grade on a regular basis – currently available through Online and Mobile Banking.
- Monitoring your credit report at www.annualcreditreport.com – you can obtain one free copy of your credit report once per year for each of the three credit bureaus (Experian, Equifax, and TransUnion).
- Placing freezes on your credit directly with the credit bureaus.
What is Equifax Doing to Help?
Equifax has created a tool on their website to allow US consumers to see if they are potentially impacted by this breach. They are also providing complimentary enrollment in an identity theft protection and credit monitoring service called TrustedID Premier, which will provide the following options:
- 3-Bureau credit monitoring of your Equifax, Experian and TransUnion credit reports.
- Copies of your Equifax credit report.
- The ability to lock and unlock your Equifax credit report.
- Identity theft insurance.
- Internet scanning for your Social Security number.
- These features are all complimentary to U.S. consumers for one year.
In response to some initial concerns, Equifax has clarified on their website that enrolling in this service does not waive any rights to take legal action.
How Do I Know If I Am At Risk?
Please follow this link to check if your personal information may be at risk, and to learn more. You will also find the tool to enroll in TrustedID Premier if you so choose. You will need to provide several pieces of personal information to allow TrustedID Premier to verify your identity.
An Update From The California And Nevada Credit Union League
This issue goes beyond SF Fire Credit Union. The California and Nevada Credit Union League is working closely with the Credit Union National Association (CUNA) to monitor this situation and potential impacts on members. They have provided the following update as of today:
- Chairman Jeb Hensarling has indicated he will hold hearings, and we expect other committees to follow suit
- There is a lot of speculation about how this breach will impact public policy. This includes new legislation and security requirements, third-party supervisory authority reviews, and the Consumer Financial Protection Bureau’s arbitration rule
- CUNA has requested a detailed briefing with Equifax regarding the breach and consumer notification and protection efforts