The Equifax Cyber Security Impact

Affected consumer are at risk from criminals using stolen information to fraudulently open accounts, so the most pressing and immediate threat with this breach is identity theft, according to the Credit Union National Association (CUNA).

The best thing credit unions can do right now is provide their members with identity protection tips. In press calls and other interactions with association members, CUNA has suggested the following:

The first step consumers should take to find out more is to visit Equifax’s website at  Equifax has a tool that can help consumers determine whether their data has been exposed. Then, consumers should take steps to protect their identify.

CUNA also has a number of tips at that can help consumers remain vigilant and protect their personal data. These include:

  • Don’t respond to email, text or telephone calls asking for personal or financial information
  • Frequently review account activity and immediately report unauthorized transactions
  • Place an initial fraud alert with credit bureaus if fraud has occurred.
  • Enroll and opt-in for transaction monitoring
  • Use card on/off switches (if available)