Credit rating giant Equifax admits hack; as many as 143 million affect

meebers said:

I logged in and my account was breached. Rumor is that if you sign up for "free" monitoring, you give away your rights for any class action suit. I don't think I am going back on the 12th to further the process.

That's why I stick with only the one offered by my bank. It's a freebie thru them as a service, not directly with the credit bureau.

This Hack occurred on July 29, 2017 and they wait till now to disclose it.

http://insider.foxnews.com/2017/09/08/equifax-data-breach-affects-millions-us-consumers-rep-ted-lieu-calls-investigation

meebers said:

Just guessing here, but if the hackers have all your info, they can sign in as you and change "your" phone #. They can give themselves approval.??? Hopefully any action like that requires your "pin" if that wasn't hacked also.

That's a good point, depending on the amount of info they got on each person, they could very well have the PIN number to turn off your credit freeze.

The news just keeps getting better.

Oh yeah, & now this item:

We tested Equifax's data breach checker and it's basically useless | ZDNet

The checker, hosted by TrustedID (a subsidiary of Equifax) that millions of users are checking to see if their private information has been stolen doesn't appear to be properly validating entries.

In other words: it is giving out incorrect answers.

Earlier, in a tweet from a tipster, we noticed that you can enter some clearly incorrect information into the checker. We entered "Test" as the surname and "123456" as the social security number.

The system validated the entry and said that the person "may have been impacted."

Josey Wales said:

This Hack occurred on July 29, 2017 and they wait till now to disclose it.

Not only did they hide the fact, but several officials of the firm are under investigation for dumping Equifax stock right before the announcement.

Pretty scathing article here concerning the whole debacle.

Equifax's big fat fail: How not to handle a data breach | ZDNet

Now we start the blame game......

The credit rating giant claims an Apache Struts security hole was the real cause of its security breach of 143 million records. ZDNet examines the claim.

Equifax blames open-source software for its record-breaking security breach: Report | ZDNet

Something you may want to consider before signing up for their service......

TechCrunch points out that TrustID Premier’s terms of service—which were last updated September 6, the very day before Equifax disclosed this hack after knowing about it since July 29—state that users waive their right to bring a class-action lawsuit against Equifax. So if that’s something you’re considering, maybe hold off signing up for the free year of TrustID Premier on your “enrollment date.”

Update: Sometime between the 10 a.m. Eastern publication time of this article and 2 p.m., Equifax added a section to the website’s FAQ page that clarifies “The arbitration clause and class action wavier included in the TrustedID Premier Terms of Use applies to the free credit file monitoring and identity theft protection products, and not the cybersecurity incident.”

Just blame it all on N.K. and get it over with.................