Equifax Breach As Bad As It Seems

If you don't know about the Equifax security breach, you should familiarize yourself with it quickly, as most adults in the U.S. are likely to have been affected by it. During the breach, "Intruders accessed up to 143 million Americans’ names, Social Security numbers, birthdates, and driver’s license numbers. Credit card numbers for about 209,000 consumers were also exposed, according to Equifax."

While what to do next as a victim of this breach is being widely debated, you should know there are many options available including placing a fraud alert on your credit report or outright freezing it. But whatever you do, do so after some careful consideration. There are some claims out there that if you accept some free monitoring services currently being offered by Equifax, you may waive certain rights. And for a company who let some of the most important individual identifiers of its customers slip away, while simultaneously allowing three senior executives to sell of $1.8 million of company shares moments before releasing the news of the security breach, you may not want to give them anything back for free.