Cyber Risks · Krebs on Security

Equifax Has Chosen Experian. Wait, What?

Summary: A year after its breach exposed the personal information of nearly 148 million people, Equifax told TrustedID Premier enrollees it had chosen competitor Experian to provide an additional year of free credit monitoring through Experian's IDnotify, with enrollment open until January 31, 2019. Equifax said it would share enrollees' name, address, date of birth, Social Security number, and self-provided phone number and email with Experian unless they opt out via a link in the email, adding that Experian already holds most of that data.

What you should know: Consumers who do nothing have their Social Security number and contact details passed to another bureau by default, and the source notes that credit monitoring detects identity theft after a new account is opened rather than preventing it - a free credit freeze with all three bureaus is the mechanism it describes as actually blocking new accounts.

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Topics
Data Breaches
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