Did the Equifax Hack Expose You to Tax Fraud? — The Motley Fool

If you were among the millions of Americans whose information was stolen in the Equifax data breach, you’ll need to protect yourself come tax time next year. Tax return fraud is a perennial problem, but with so many Social Security numbers stolen in the recent hack, it’s likely that next year will be particularly bad for this type of fraud.

How tax return fraud works

If a fraudster has your name and Social Security number, he or she can file a tax return in your name and adjust the figures to make it look like the IRS owes you a […] Read more

iPhone X orders held up by credit freezes put in place after Equifax hack

 

Some customers scrambling to preorder the hotly anticipated iPhone X early Friday morning hit an unexpected roadblock: Credit freezes put in place after the Equifax data breach held up authorization of payment plan loans.

After preorders began Friday at 12:01 a.m. Pacific, 3:01 a.m. Eastern, some who had initiated a credit freeze forgot to unfreeze it to authorize plans like Apple’s iPhone Upgrade Program.

Readers reached out to AppleInsider after their purchase process was delayed, and others took to Twitter to express frustration that they had missed out […] Read more

Equifax hack being probed by UK’s financial watchdog

The fallout from the massive Equifax hack, publicly disclosed last month, continues: Today the UK’s financial watchdog said it also wants to get to the bottom of what happened.

In a brief statement on its website today, the UK’s Financial Conduct Authority said: “The FCA announces today that it is investigating the circumstances surrounding a cybersecurity incident that led to the loss of UK customer data held by Equifax Ltd on the servers of its US parent.”

While US consumers were the primary victims of the massive data breach, at the time of the public disclosure Equifax also said some UK […] Read more

On Finance: What you need to know about Equifax hack

How do I find out if I’m affected?

Statistically speaking, you’ve probably been affected. The current population of the U.S. is 323 million, so the Equifax breach impacts nearly half of all Americans. Equifax has set up a special website for consumers to check if their information may have been compromised in the cyberattack. However, this requires the consumer to submit personal information to the website, which some are hesitant to do. If you’re debating whether you should check with Equifax to see if your information was part of the breach, ask yourself if you will act differently depending on […] Read more

Equifax hack: How to get ahead of the next attack

The Equifax hack has exposed the inadequacies of credit-reporting agencies’ protection of consumers’ financial privacy. Could Equifax have done more to prevent the hack? How can consumers safeguard against the theft of their information? To learn more about how to be proactive against hacking, the Orlando Sentinel Editorial Board sought out Jerry Hutcheson, who owns a cybersecurity consulting firm based in Oviedo.

Jerry Hutcheson is the owner of Cybercreed Consulting in Oviedo.

Jerry Hutcheson is the owner of Cybercreed Consulting in Oviedo.

Q: The Equifax breach has created a firestorm in the industry with 143 million American’s records lost. […] Read more