Equifax Offers Lifetime Free Credit Locks in a Bid to Save Face

Prayank

One of the three largest US-based consumer credit reporting agencies, Equifax, faced a data breach earlier this year, which was reported earlier this month, affecting data of over 143 million customer accounts. And now the company is offering free credit locks for life to its customers.

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Equifax discovered the data breach on July 29 and tried to minimize the damage by hiring private cybersecurity experts.

After the breach was reported, the company offered a free year-long subscription of Trusted ID Premier account to its US-based customers.

And now the newly-appointed interim CEO Paulino do Rego Barros Jr has announced in the op-ed he wrote in the Wall Street Journal that the company will be offering credit lock and unlock service to its customers for free starting January 31, 2018.

In addition to that, Barros also stated that the free-sign up for TrustedID Premier will also be extended.

The Trusted ID Premier account includes 3-Bureau credit monitoring of Equifax, Experian, and TransUnion credit reports; copies of Equifax credit reports; the ability to lock and unlock Equifax credit reports; identity theft insurance; and Internet scanning for Social Security numbers.

Although US consumers majorly faced the brunt of the data breach, Equifax has mentioned that ‘limited personal information’ of UK and Canadian residents were also accessed during the breach.

The company confirmed that customer data of no other country that they operate has been impacted by the data breach.

The hacked information included names, social security numbers, birth dates, addresses, and driver’s license. In addition to that, 209,000 credit card numbers and 182,000 dispute documents containing personal identifying information of US consumers were also leaked.

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#hacking#privacy

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Prayank

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Prayank

Bike enthusiast, traveller, ManUtd follower, army brat, word-smith; Delhi University, Asian College of Journalism, Cardiff University alumnus; a journalist breathing tech these days.