Monday, March 12, 2018

Equifax breach

Surveys: US consumers continue putting personal data at risk despite Equifax breach.

CNBC (3/11, 3.71M) reports that, according to Jeff Faulkner, acting president and CEO of the National Foundation for Credit Counseling (NFCC), “putting too much personal information out on social media is the most egregious example” of how consumers set themselves up for identity theft. According to a separate report from Javelin Strategy & Research, “in the year before the Equifax hack, about 15.4 million consumers were victims of identity theft or fraud in 2016,” which was “a 16 percent increase from 2015.” Yet, the majority of people “still have not taken steps to find out whether their information is at risk.” A survey from CreditCards.com showed that “half of U.S. adults said they have not looked at their credit report or credit score since the Equifax breach,” meanwhile, “eighteen percent of adults have never checked their credit report or credit score.”