Equifax Breach Information
Disclaimer: The information on this page is derived from governmental resources such as CFPB and FTC and is not intended as advice from the Credit Union, but is intended only to share these sources of information and resources with you. If you have individual questions on the Equifax Security Breach or any rights you may have you should consult with your legal adviser.
Equifax, one of the big three U.S. credit bureaus, announced on Thursday, Sept. 7, 2017 that a data breach at the company may have exposed 143 million American consumers’ sensitive personal information. According to Equifax, the breach lasted from mid-May through July.
The Equifax breach is solely an issue that occurred via unauthorized access to Equifax’s computer/technology systems. There has been no unauthorized access to any Credit Union systems or records associated with the Equifax Breach.
Equifax has set up a website where you can see if your personal information has potentially been impacted. We are advising members with questions to consult the website established by Equifax (https://www.equifaxsecurity2017.com/).
If you have a loan or have applied for a loan, some of your information could be at risk. In addition to checking the established website by Equifax, there are other steps you can take to protect or monitor your information:
- Check your credit reports from Equifax, Experian, and TransUnion for free by visiting annualcreditreport.com. Accounts or activity that you don’t recognize could indicate identity theft. Visit IdentityTheft.gov to learn more about protecting yourself after a data breach.
- Consider placing a credit freeze on your files. A credit freeze makes it harder for someone to open a new account in your name. Keep in mind that a credit freeze won’t prevent a thief from making charges to your existing accounts.
- If you decide against a credit freeze, consider placing a fraud alert on your files. A fraud alert warns creditors that you may be an identity theft victim and that they should verify that anyone seeking credit in your name really is you.
- Monitor your existing credit/debit cards and bank accounts closely for charges you don’t recognize. Report any unauthorized activity immediately to the financial institution or company that manages the affected account.
- File your taxes early — as soon as you have the tax information you need, before a scammer can. Tax identity theft happens when someone uses your Social Security number to get a tax refund or a job. Respond right away to letters from the IRS.
Your security is extremely important to MCFCU. We take members’ security very seriously and have daily procedures to verify your identity and personal information. The credit union offers the following products you can use to help protect yourself:
- MCFCU Internet Banking – Setup your Internet Banking to send eAlerts via text or email when transactions post to your account. Monitor account activity from home.
- MCFCU Mobile App – Our mobile app lets you view your account activity while on the go from an Internet-connected Apple iOS or Android device.
- My Mobile Money – The My Mobile Money app lets you monitor you debit cards by turning cards off and on, and receiving notifications by location, region, and/or amount of a transaction directly on your smartphone.
We remain ever-vigilant in securing your credit union data and you can help by actively monitoring the activity on your accounts. If you observe suspicious activity, report it to us immediately.
For additional information:
Federal Trade Commission’s release on the Equifax breach:
Equifax’s website on the breach: