[NEFARIOUS]

https://www.usatoday.com/story/money...ers/643679001/

When a major credit reporting agency gets hacked and affects 143 million people, things are bound to get dicey and expose people to ID theft (sadly I'm at risk, just when I'm almost done paying off my bad debt)... They have also set up a site, but even getting their credit monitoring is a waiting game.

https://www.equifaxsecurity2017.com/

[Mr Carrots]

Buy experian when it hits what, 100?

[seedyrom]

Originally Posted by Mr Carrots

Buy experian when it hits what, 100?

For a greater return, I’d buy an infinite amount of stock when it hits $0.00

[Spa2k]

Originally Posted by NEFARIOUS

https://www.usatoday.com/story/money...ers/643679001/

When a major credit reporting agency gets hacked and affects 143 million people, things are bound to get dicey and expose people to ID theft (sadly I'm at risk, just when I'm almost done paying off my bad debt)... They have also set up a site, but even getting their credit monitoring is a complicated process and a waiting game.

https://www.equifaxsecurity2017.com/

It was Equifax, not Experian. Fix your post!

Also, unless you don't know your name or Social Security Number, there is nothing difficult about using the website at https://www.equifaxsecurity2017.com to see if you were one of the victims of the breach. As of this morning, you will have to wait about a week until Equifax can get you in the system for the Free Identity Theft Protection and Credit File Monitoring.

[NEFARIOUS]

Originally Posted by Spa2k

It was Equifax, not Experian. Fix your post!

Also, unless you don't know your name or Social Security Number, there is nothing difficult about using the website at https://www.equifaxsecurity2017.com to see if you were one of the victims of the breach. As of this morning, you will have to wait about a week until Equifax can get you in the system for the Free Identity Theft Protection and Credit File Monitoring.

Sorry, it was late. Also it's complicated as in you enter it, but then they tell you to come back in 2 days instead of letting you sign up on the spot.

[zx10guy]

Originally Posted by NEFARIOUS

Sorry, it was late. Also it's complicated as in you enter it, but then they tell you to come back in 2 days instead of letting you sign up on the spot.

Another thread in the politics forum talking about this is pointing out by accepting their monitoring services, you waive your right to sue for damages.

[BayMoWe335]

The worst part is, I've never used their services directly and have no car loan or home loan, yet I was still impacted.

Banks must use them for credit cards, because that's all I have...

BTW, if you sign up for their free "monitoring" service, you're giving up your ability for class action or suing them directly for damages.

[jwzimm]

Originally Posted by Spa2k

It was Equifax, not Experian. Fix your post!

Also, unless you don't know your name or Social Security Number, there is nothing difficult about using the website at https://www.equifaxsecurity2017.com to see if you were one of the victims of the breach. As of this morning, you will have to wait about a week until Equifax can get you in the system for the Free Identity Theft Protection and Credit File Monitoring.

One problem with signing up for their service, it is owned by the very people who allowed their systems to be breached. In addition, if you sign up for TrustedID Premier you waive your right to sue Equifax due to thier arbitration clause. They claim this only applies to the credit ID services but I would still be wary of signing up for their services. https://consumerist.com/2017/09/08/e...onse-to-theft/

[Spa2k]

FYI, you can still go to the website to find out if you're a victim, without signing up for the protection package. When you get the confirmation, you can just ignore it.

[mikex25]

Originally Posted by jwzimm

One problem with signing up for their service, it is owned by the very people who allowed their systems to be breached. In addition, if you sign up for TrustedID Premier you waive your right to sue Equifax due to thier arbitration clause. They claim this only applies to the credit ID services but I would still be wary of signing up for their services. https://consumerist.com/2017/09/08/e...onse-to-theft/

What if you are effected but don't want to enroll? What would be the next course of action?

[TXSTYLE]

Those f****** shysters knew about this bullshit but yet delayed getting consumers this critical information. Can't wait to see them get sued and pay and hopefully get shut down and bankrupt.
FYI... They are compensated mostly and work for the interest of Banks!

[NEFARIOUS]

Originally Posted by BayMoWe335

The worst part is, I've never used their services directly and have no car loan or home loan, yet I was still impacted.

Banks must use them for credit cards, because that's all I have...

BTW, if you sign up for their free "monitoring" service, you're giving up your ability for class action or suing them directly for damages.

For me it's even more worse... I was on a bad luck streak for about 3 years and I'm just about at the tail end of getting rid of debt, and I worked SO hard to get my FICO up by 150 points and have about 100 points to go...

But if some freeloading asshat steals my identity and I have a hard time proving that it's fraud (like I do with $3000 that I'm still on the hook for ), I'm back to square one and It'd be another few years before I'd be able to finance anything again, especially since I'm working towards being able to buy a house (FUCK RENTING!!!!!), and my E90 isn't getting any younger either, but I don't want to go through a sub-prime loan again.

[shoei]

Originally Posted by jwzimm

One problem with signing up for their service, it is owned by the very people who allowed their systems to be breached. In addition, if you sign up for TrustedID Premier you waive your right to sue Equifax due to thier arbitration clause. They claim this only applies to the credit ID services but I would still be wary of signing up for their services. https://consumerist.com/2017/09/08/e...onse-to-theft/

After all the blowback today, there is an "escape clause" albeit an annoying one...

Once you sign up and pretty much opt out of potential class action shenanigans, you have 30 days to write equifax and tell them you want to have the right to "opt" back in. That you only waived your rights to see if you were a victim...

[mxchris727]

http://lifehacker.com/think-twice-be...dit-1802747105

Think Twice Before Signing Up For Equifax's 'Free' Credit Monitoring

After announcing a “security incident” that impacted 143 million customers Thursday, Equifax is offering customers a year of free credit monitoring by way of an apology. The credit monitoring may seem like a good deal (free is free, right?), but if you were one of the customers affected by the security breach, you might want to think twice before signing up.

In the fine print, Equifax notes that by signing up for the service, you’re agreeing to not to sue them for the breach. If your info was stolen, you might be headed toward a huge personal identity nightmare. Giving up your right to sue for 12 months of complimentary credit monitoring is likely not the best idea.

AGREEMENT TO RESOLVE ALL DISPUTES BY BINDING INDIVIDUAL ARBITRATION. PLEASE READ THIS ENTIRE SECTION CAREFULLY BECAUSE IT AFFECTS YOUR LEGAL RIGHTS BY REQUIRING ARBITRATION OF DISPUTES (EXCEPT AS SET FORTH BELOW) AND A WAIVER OF THE ABILITY TO BRING OR PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR OTHER REPRESENTATIVE ACTION. ARBITRATION PROVIDES A QUICK AND COST EFFECTIVE MECHANISM FOR RESOLVING DISPUTES, BUT YOU SHOULD BE AWARE THAT IT ALSO LIMITS YOUR RIGHTS TO DISCOVERY AND APPEAL.
There’s actually already a class action lawsuit filed against Equifax for the breach, so you’d also be giving up your right to participate in that, as well as any other lawsuits.

[elistan]

A year of free monitoring is BS. It should be lifetime free monitoring. With lifetime free freeze/unfreeze.

[Our03z4]

Originally Posted by mxchris727

http://lifehacker.com/think-twice-be...dit-1802747105

Think Twice Before Signing Up For Equifax's 'Free' Credit Monitoring

After announcing a “security incident” that impacted 143 million customers Thursday, Equifax is offering customers a year of free credit monitoring by way of an apology. The credit monitoring may seem like a good deal (free is free, right?), but if you were one of the customers affected by the security breach, you might want to think twice before signing up.

In the fine print, Equifax notes that by signing up for the service, you’re agreeing to not to sue them for the breach. If your info was stolen, you might be headed toward a huge personal identity nightmare. Giving up your right to sue for 12 months of complimentary credit monitoring is likely not the best idea.

AGREEMENT TO RESOLVE ALL DISPUTES BY BINDING INDIVIDUAL ARBITRATION. PLEASE READ THIS ENTIRE SECTION CAREFULLY BECAUSE IT AFFECTS YOUR LEGAL RIGHTS BY REQUIRING ARBITRATION OF DISPUTES (EXCEPT AS SET FORTH BELOW) AND A WAIVER OF THE ABILITY TO BRING OR PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR OTHER REPRESENTATIVE ACTION. ARBITRATION PROVIDES A QUICK AND COST EFFECTIVE MECHANISM FOR RESOLVING DISPUTES, BUT YOU SHOULD BE AWARE THAT IT ALSO LIMITS YOUR RIGHTS TO DISCOVERY AND APPEAL.
There’s actually already a class action lawsuit filed against Equifax for the breach, so you’d also be giving up your right to participate in that, as well as any other lawsuits.

They've cleared that issue up as stated below from their website. However, I bought identity insurance NOT from them and don't plan on using their "free" service.

2). NO WAIVER OF RIGHTS FOR THIS CYBER SECURITY INCIDENT
In response to consumer inquiries, we have made it clear that the arbitration clause and class action waiver included in the Equifax and TrustedID Premier terms of use does not apply to this cybersecurity incident.

[Wksk]

FYI just like siruis xm you can buy Experian monthly credit monitoring and then cancel and they will offer it at a discount. I think I pay 9.95 a month for a few years now. Well worth it to be able to always stay on top of your credit.

[TXSTYLE]

I truly hope they get sued straight into non-recoverable Bankruptcy!

[infinitekidM2C]

We really need to look at other alternative solutions to this ID hacking issue. It isn't going away. Consumers need a way to change their SS Number safely so that the hacked info is no longer useful.

[IllSic_Design]

Originally Posted by infinitekid2002

We really need to look at other alternative solutions to this ID hacking issue. It isn't going away. Consumers need a way to change their SS Number safely so that the hacked info is no longer useful.

SS # is your permanent personal ID, they will never be changeable, it would be practically impossible to change the system.

[elistan]

Originally Posted by infinitekid2002

We really need to look at other alternative solutions to this ID hacking issue. It isn't going away. Consumers need a way to change their SS Number safely so that the hacked info is no longer useful.

SSN is your identity, it can't and shouldn't be changed. It's your login ID. The problem is, it's also your password right now. Which is really, really bad. What we need is a password in order to do anything with our identity, something we can change and make complex unlike our mothers' maiden names. Actually, we need two factors of access to secure our identities - a something we know (a password) and something we have (a keyfob token, a smartphone app token, a chip card, or the like.) There's no profit in that however, so would have to be mandated legislatively.

[zx10guy]

No. What needs to happen is for an actual law which spells out penalties for not protecting this very sensitive personal data just like what is in place for health care with HIPAA laws. Since the inception of HIPAA, how many major breaches have you heard of in the health care sector over PII information getting out? I rest my case.