• CMG MORTGAGE, INC. NMLS #1820

Equifax Data Breach: What You Need to Know

  • September 12, 2017

Equifax, one of the three largest credit reporting bureaus in the country, reported that due to a data breach, approximately 143 million Americans may have their personal information compromised.  Data such as names, social security numbers, birth dates, addresses and driver’s license numbers are all at risk.  Additionally, Equifax estimates the hackers stole 209,000 credit card numbers and 182,000 other documents containing personal information.

Equifax, Experian, and TransUnion are the top three credit reporting bureaus in the country.  These bureaus are expected to collect and store consumers’ most personal information securely.  Equifax is facing criticism for delaying announcing the attack for six weeks, thus giving data thieves six extra weeks to sell and store personal consumer information.

The greatest risk impacted consumers face is that of identity theft.  Serious identity theft can ruin a consumers’ credit score and cause long-term financial hardship.  In cases of identity theft, the earlier the crime is reported the better the consumer will fare.  Meticulous credit monitoring is the best line of defense consumers can take at this time. 

In its statement to consumers, Equifax assured that it would be taking steps to aid those impacted and strengthen its security around sensitive data.  In lieu of the data breach, Equifax is also offering free identity theft protection and credit file monitoring for one year through TrustedID Premier.  To check the potential impact on your personal information please visit www.equifaxsecurity2017.com/potential-impact/.

 

Sources: Bloomberg, CNNMoney, Equifax

Carlos Aguilar

NMLS # 791382

Carlos Aguilar

PHONE: (949) 864-8131
carlosa@cmgfi.com

MY VIDEO
CMG Image
© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at www.cmgfi.com. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and NMLS Consumer Access (www.nmlsconsumeraccess.org).