// Thoughts on the Equifax Hack //
Author: Roger Kiger


On July 29th, Equifax determined they had been hacked. Their internal investigation found no evidence of unauthorized activity on their core credit reporting database. But it may be years before the full extent of the incident is known. Therefore, they are offering identity theft protection and credit file monitoring at no cost.

Please go to their website at https://www.equifaxsecurity2017.com. If you click on “Potential Impact”, there will be a button to “check potential impact”. Once you do this, it will ask for your last name and the last 6 digits of your social security number. Once submitted, they will tell you if your information was compromised, but it does not tell you to what extent. The next screen will probably tell you they believe your personal information has been impacted and will show you the “enroll” button. This will sign you up for their identity theft protection and give you the enrollment date.

In light of this cybersecurity incident, I believe it’s a good idea to look at other sources of credit monitoring as well. Most can be purchased for a few dollars per month, but will help monitor your credit information constantly. We don’t yet know if Equifax is capable of monitoring everyone’s credit data on an ongoing basis, and a backup service is recommended.

The threats to data security are growing every day and unfortunately, this is the new reality. While Equifax is offering their monitoring service at no cost, it does not protect you in the event your information is compromised, it only alerts you if it happens. Please be diligent in reviewing your credit card statements, your credit score, and your credit files. By beginning a habit of checking these things regularly, you can possibly reduce any financial hardship as the result of a cybersecurity breach.

We will pass along further information as it becomes available.