Saturday, 25 May 2019
Latest news
Main » NY Regulator Says Equifax Making Progress On Post-Breach Issues

NY Regulator Says Equifax Making Progress On Post-Breach Issues

30 September 2017

The new Equifax credit lock, which will be available by January 31, seems to be different from the credit lock that is now included in the company's TrustedID Premier identity-theft protection service, which it is offering free for one year and includes credit monitoring, fraud alerts and other features. Likewise, we are extending the sign-up period for TrustedID Premier, the complimentary package we are offering all USA consumers, through the end of January. Additionally, General Slatery has urged the company to reimburse fees paid by consumers for security freezes by other credit reporting agencies. Credit experts are recommending that consumers freeze their credit with all three major credit bureaus (Equifax, Experian and Trans Union), as well as a lessor know bureau, Innovis. As of September 7, if you paid for a credit freeze, you'll get your money back and through November 21st, you can get a credit freeze for free from them now.

The lawsuit also seeks restitution for Chicago consumers whose information was compromised.

"Why not make the freeze free when that already exists", he said.

New York's Department of Financial Services (DFS) sent the subpoena to Equifax on Sept 14, said the person, who declined to be named because the matter has not been made public. In 2007, all three agencies started to voluntarily offer freezes to consumers everywhere. Freezing allows you to close down your credit file so when thieves try to open new credit in your name, the company can not pull the credit report. One proposal would require the companies to report any breach within 15 days. On the other hand, his supposed retirement is also a slap on the faces of Americans because he was supposed to appear at hearings in both the House and the Senate. You can do this over the phone or online. Your Social Security number is sensitive information, so make sure you're on a secure computer and an encrypted network connection anytime you enter it. "But the credit reporting firms charge customers for that kind of free and easy access to people's personal financial information". When you enter your username and password, the hackers can log into the real site with your information.

On Thursday, Equifax told CNNMoney that "locks and freezes are similar, but not identical". First, how is a lock better or more convenient than a freeze?

One potential difference between locking and freezing could be your legal liability, said Wu. Respond right away to letters from the IRS.

Equifax Inc. will debut a new service that will permanently give consumers the ability to lock and unlock their credit for free. This is a great example of a company that lacks customer service and care.

NY Regulator Says Equifax Making Progress On Post-Breach Issues