A recent consumer survey suggests that half of all Americans still haven’t checked their credit report since the Equifax breach last year exposed the Social Security numbers, dates of birth, addresses and other personal information on nearly 150 million people. If you’re in that fifty percent, please make an effort to remedy that soon.
Credit reports from the three major bureaus — Equifax, Experian and Trans Union — can be obtained online for free at annualcreditreport.com — the only Web site mandated by Congress to serve each American a free credit report every year.
The Office of Personnel Management (OPM) has awarded a $133 million contract to a private firm in an effort to provide credit monitoring services for three years to nearly 22 million people who had their Social Security numbers and other sensitive data stolen by cybercriminals. But perhaps the agency should be offering the option to pay for the cost that victims may incur in “freezing” their credit files, a much more effective way of preventing identity theft.
In the wake of long-overdue media attention to revelations that a business unit of credit bureau Experian sold consumer personal data directly to an online service that catered to identity thieves, Experian is rightfully trying to explain its side of the story by releasing a series of talking points. This blog post is an attempt to add more context and fact-checking to those talking points.