KrebsOnSecurity has long maintained that the 2017 breach at Equifax was not the work of financially-motivated identity thieves, as there has been exactly zero evidence to date that anything close to the size of the data cache stolen from that incident has shown up for sale in the cybercrime underground. However, readers should understand that […]
More than one-third, or 37%, also said they have already maxed out their credit card and 14% said they have maxed it out more than once. WalletHub polled more than 700 people in January. Still, most Americans continue to take on ever-increasing amounts of debt. According to data from the Federal Reserve, the U.S. surpassed […]
We all know about the Equifax breach of 2017. But what about the smaller breach in 2015 of another of the Big Three national credit bureaus, Experian? https://www.theguardian.com/business/2015/oct/01/experian-hack-t-mobile-credit-checks-personal-information
“That said, the indictment does not detract from the myriad of vulnerabilities and process deficiencies that we saw in Equifax’s systems and response to the hack. A company in the business of collecting and retaining massive amounts of Americans’ sensitive personal information must act with the utmost care – and face any consequences that arise […]
Using the personal data of millions of Americans against their will is certainly alarming. But what’s the difference between the Chinese government stealing all that information and a data broker amassing it legally without user consent and selling it on the open market? Both are predatory practices to invade privacy for insights and strategic leverage. Yes, […]
After the initial breach was announced on September 7, 2017, law enforcement officials and investigators turned their attention to China’s military. This was due in part to the fact that the Equifax data has never been found for sale on underground internet forums that usually involve the trade in this type of data to criminals […]
It would not surprise me if a victim of tax ID theft would also need to deal with credit theft. Consumers can check their credit reports regularly for accounts that do not belong to them. https://www.consumer.ftc.gov/blog/2020/02/tax-identity-theft-awareness-week-starts-today?utm_source=govdelivery All this week, the FTC and its partners will host free events to share information about recognizing, avoiding and […]
Are computer errors (or even “coding errors”) affecting your credit reports? Consumers can check their credit reports for free at annualcreditreport.com for free credit reports or purchase your credit reports and scores at myfico.com. https://www.cnn.com/videos/us/2020/02/04/man-receives-thousands-letters-student-loan-company-ots-vpx.hln/video/playlists/atv-trending-videos/
The FICO score, one of the most widely used credit scores in America, is about to go through some major revisions. WSJ’s AnnaMaria Andriotis explains what the changes are and why the current scores may be out of whack. https://www.wsj.com/podcasts/the-journal/why-your-credit-score-could-drop/06a9c0ec-bc97-4e94-8781-d6c6a1783a25
https://www.wsj.com/articles/fico-changes-could-lower-your-credit-score-11579780800 Changes in how the most widely used credit score in the U.S. is calculated will likely make it harder for many Americans to get loans. Fair Isaac Corp., FICO -1.39% creator of FICO scores, will soon start scoring consumers with rising debt levels and those who fall behind on loan payments more harshly. It will also flag certain […]