Data Breaches Increasingly Common, Raising Risk for Consumers

Data breaches through hacking attacks are distressingly common these days, and personal details about victims can lead to identity theft, such as credit cards and loans in a victim’s name. But it’s hard to pin the blame on any specific hack, as the most sophisticated criminals combine data from multiple attacks to better impersonate their targets.

Equifax Breach Already Taking A Toll On Consumers

he scenario that personal finance and credit experts feared most about the heist of consumer data from Equifax may already be underway: Criminals are using the stolen information to apply for mortgages, credit cards, student loans, tapping into bank debit accounts, filing insurance claims and racking up substantial debts, according to a major new class-action suit.

CUs Worried About Another Equifax-Type Hack

According to a recent survey on cybersecurity conducted by the National Association of Federally-Insured Credit Unions, 63 percent of respondents indicated they are “very concerned” about another Equifax-type data breach.

State Rep Calls Equifax Verification Page ‘Baloney’

State officials apparently don’t think too much about requests by Equifax for consumers to enter the last six digits of the Social Security numbers to check and see if their personal information was exposed by the credit bureau’s data breach, which may have ensnared as many as 143 million people.

AG Maura Healey Plans To Sue Equifax

Attorney General Maura Healey said yesterday she intends to sue Equifax over its failure to protect sensitive and personal information of up to nearly three million Massachusetts residents, following a major data breach at the credit reporting firm.