Critics condemned Equifax for waiting to announce the breach in the company

Posted September 10, 2017

If your information has been compromised then whoever has that information has control of when or if they want to hurt your credit. Consumers with questions about protecting their identity and other consumer protection questions are encouraged to call.

The US House Financial Services Committee has also announced to hold a hearing regarding the huge data breach. If your name is among the affected, your Social Security number, address, credit card information, driver's license number and birthday could all be on the hard drive of the cyber criminals who executed the attack.

"Equifax is supposed to be secure".

Whether you've been breached or not, Stewart Welch of the Welch Group says the biggest risk is hackers being able to create new credit in your name. "I deeply regret this incident", said Smith.

As part of its investigation into the application vulnerability, Equifax also identified unauthorised access to limited personal information of certain United Kingdom and Canadian residents.

With nearly every customer details stolen from Equifax, hackers no doubt have a treasure trove of information which they can exploit.

"I think it's devastating". "This is probably going to be the major security breach of all time". "Technology is just superseding our humanity".

Ulzheimer said if you still feel anxious, you can take it a step further. Consumers can request a free copy of their credit report online at www.annualcreditreport.com from each of the three credit reporting agencies once a year.

The irony of the situation is not lost on customers.

Ironically - it's where people go when they fear they've been hacked. We plan to freeze our credit reports at all three of the major bureaus and set up credit monitoring for the foreseeable future.

Also, do not click on any unknown links.

Hackers accessed files from Equifax between mid-May and July of this year. Equifax says it will offer free identity identity theft protection and credit file monitoring for one year to all US consumers, but doesn't say if that will be available to Canadians.