Equifax Faces A Class-Action Lawsuit in Atlanta

Equifax Faces A Class-Action Lawsuit in Atlanta

Equifax Faces A Class-Action Lawsuit in Atlanta

"Nearly everyone with a credit report", had their personal information potentially exposed following a data breach. "My office has been and will continue to be in touch with Equifax until we get to the bottom of this massive data breach". The payload is believed to include names, social security numbers, birth dates, home addresses and some drivers' license information.

To see if you are one of the millions of people whose information was exposed by this security breach, Mahieu says you can log on to equifaxsecurity2017.com, which will indicate if you may have been compromised.

Equifax has already plunged 18% since it announced last week that hackers may have the personal details of almost half the USA population. Consumers calling the number Equifax set up complained of jammed phone lines and uninformed representatives, and initial responses from the website gave inconsistent responses. This implies that the consumers' credit scores are safe.

Companies struck by big data breaches usually bring in a small army of outside help long before notifying the public, including lawyers, public relations specialists and consultants adept at managing communications with regulators and law enforcement. In fact, he writes that a PIN he obtained in 2007 from Equifax was also created the same way.

Following criticism from many in the infosec sphere, Equifax told The New York Times that it will be changing the PIN generation and request process: "While we have confidence in the current system, we understand and appreciate that consumers have questions about how PINs are now generated".

The post Equifax Breach: How to Freeze Your Credit appeared first on InvestorPlace.

Death toll in Mexico's biggest quake continues to rise
A total of 61 people have been reported as the new death toll figure after an 8.2 quake hit Mexico's Pacific Thursday night. The 8.1 quake off the southern Pacific coast just before midnight Thursday toppled hundreds of buildings in several states.

A Delta commercial flight just raced Hurricane Irma to Puerto Rico
She also revealed her panic at not being able to understand announcements detailing emergency procedures as they were in Spanish. "Where others have turned back, Delta #DL431 presses on", tweeted Flightradar24, an account that tracks live air traffic.

The latest on Hurricane Irma as it moves toward Florida
But Derrec Becker with the South Carolina Emergency Management Division said the path is too uncertain for people to relax. The governor asked South Carolinians to avoid using the interstates if possible to help cut down on traffic .

It cited a February 22 regulatory filing in which Atlanta-based Equifax said more companies are offering free or low-priced services such as credit scores, reports and monitoring "as a means to introduce consumers to premium products and services". Large breaches like this attract scammers and criminals who try to obtain your personal information by posing as the company who experienced the breach and/or the company providing credit and identity monitoring services as a result of the breach.

Financial services companies assure us they will handle the confidential information they often demand from us responsibly and securely. Equifax's directors may be charged for negligence if the investigating agencies discover any loopholes in risk management.

"There will be an avalanche of consumer cases", said Yanchunis, who also leads litigation in California against Yahoo over hackings affecting more than 1 billion users, though involving less sensitive data.

If you've already signed up for the TrustID, and you want to make extra sure you retain the option to sue Equifax at a later date, you can opt out of the arbitration clause by sending a statement to the company by snail mail.

The recent cyber attack proved that most organizations across the globe still lack proper cybersecurity measures. We will do what's necessary to hold Equifax accountable. If you see a fraudulent charge, report it to your bank or credit card issuer immediately so the charge can be reversed and a new card issued.

The stock has fallen more than 25 percent since Thursday and the company is meeting with investors this week in NY in hopes to contain the fallout.

Related news