WhoTom Posted September 8, 2017 Posted September 8, 2017 So Did I hear correctly several Exec members sold a bunch of stock before the news was released so they could make money? If that isn't illegal, it is super shady business practice. I think that's considered "insider trading," and yes, it's illegal. Martha Stewart did time for it.
Nervous Guy Posted September 8, 2017 Posted September 8, 2017 Im safe wohoo! CBF friggin Canadian. Also, how nice of equifax to let people know 2 months after the breach. jeez, you've got to give the exec's a chance to dump their stock Joe.
Just Jack Posted September 8, 2017 Posted September 8, 2017 Im safe wohoo! CBF That's because no one wants Canadian Credit.
Saxum Posted September 8, 2017 Posted September 8, 2017 Find out if you're affected...my wife and I are...my daughters aren't.... https://trustedidpremier.com/eligibility/eligibility.html I am, my wife and my daughter is. These companies should be closed down. Thank You Thank You Your enrollment date for TrustedID Premier is: 09/13/2017 Please be sure to mark your calendar as you will not receive additional reminders. On or after your enrollment date, please return to faq.trustedidpremier.com and click the link to continue through the enrollment process.
Saxum Posted September 8, 2017 Posted September 8, 2017 Security Freeze Info: https://www.consumer.ftc.gov/articles/0497-credit-freeze-faqs It is a ripoff that you need to pay to put a credit freeze especially paying a fee to the agency with the breach! I think that's considered "insider trading," and yes, it's illegal. Martha Stewart did time for it. With current administration only question will be "Why did you not give me a chance first to dump my stock before announcement?" Yes, we've both enrolled too BUT is that enough? I remember 10 years ago, or so, when the Chinese hacked into the OMB data, we were both informed of that too. Just informed, no apology or offer of protection, but I never saw anything happen from that, so will this be the same? Same thing recently. Well that didn't take long...a class action suit has been filed. In the article I found this especially interesting....."three senior executives sold about $1.7 million in stock in the days following the discovery of the hack. A spokeswoman for Equifax said the men “had no knowledge that an intrusion had occurred at the time.” Yeah right. http://www.msn.com/en-us/money/companies/equifax-sued-over-massive-hack-in-multibillion-dollar-lawsuit/ar-AArvtWk?li=BBnbfcN I'd join in and I rarely will get involved with such things since the laywers get most of the money.
Nervous Guy Posted September 8, 2017 Posted September 8, 2017 It is a ripoff that you need to pay to put a credit freeze especially paying a fee to the agency with the breach! Depends on your state...some are free if you are a victim of identity theft....my state, it costs 10 bucks. http://www.creditcards.com/credit-card-news/credit-card-freeze-data-1276.php That's because no one wants Canadian Credit. hehehehe
26CornerBlitz Posted September 9, 2017 Posted September 9, 2017 This is BS! @zackwhittaker PSA: If you check Equifax's site to see if your data was stolen, you *waive your rights* to sue Equifax or be part of a class action suit.
Nervous Guy Posted September 9, 2017 Posted September 9, 2017 Looks like they adjusted their conditions: Update: Equifax issued a statement Friday evening. “In response to consumer inquiries, we have made it clear that the arbitration clause and class action waiver included in the Equifax and TrustedID Premier terms of use does not apply to this cybersecurity incident,” the company said. https://www.washingtonpost.com/news/the-switch/wp/2017/09/08/what-to-know-before-you-check-equifaxs-data-breach-website/?utm_term=.241cc0f698f4
zevo Posted September 9, 2017 Posted September 9, 2017 Thanks for the heads up....looks like I may have been affected....but not the wife...will call the credit bureaus tmrw for credit freezes....what a pain in the ass.
DC Tom Posted September 9, 2017 Posted September 9, 2017 Well that didn't take long...a class action suit has been filed. In the article I found this especially interesting....."three senior executives sold about $1.7 million in stock in the days following the discovery of the hack. A spokeswoman for Equifax said the men “had no knowledge that an intrusion had occurred at the time.” Yeah right. http://www.msn.com/en-us/money/companies/equifax-sued-over-massive-hack-in-multibillion-dollar-lawsuit/ar-AArvtWk?li=BBnbfcN Yeah...that should be a jailable insider trading offense... I just put fraud alerts on my credit reports and suggest everyone do the same. This is bad. I have both philosophical and practical issues with putting fraud alerts on the report generated by the people responsible for the need for fraud alerts on the report. Mother!@#$ers.
DriveFor1Outta5 Posted September 9, 2017 Posted September 9, 2017 Yeah...that should be a jailable insider trading offense... I have both philosophical and practical issues with putting fraud alerts on the report generated by the people responsible for the need for fraud alerts on the report. Mother!@#$ers. This^ So, I'm supposed to trust the very people who screwed us all over to suddenly protect us? The entire system is a joke. The chief security officer for Equifax had a degree in music composition. Thanks for the heads up....looks like I may have been affected....but not the wife...will call the credit bureaus tmrw for credit freezes....what a pain in the ass. Credit freeze is the smart thing to do, but paranoid me still worries. How the h*** are we supposed to trust it will stay frozen. All it would take is another hack for everything to be unfrozen.
Nervous Guy Posted September 9, 2017 Posted September 9, 2017 This^ So, I'm supposed to trust the very people who screwed us all over to suddenly protect us? The entire system is a joke. The chief security officer for Equifax had a degree in music composition. Credit freeze is the smart thing to do, but paranoid me still worries. How the h*** are we supposed to trust it will stay frozen. All it would take is another hack for everything to be unfrozen. The critical info is already out there...a freeze just prevents anyone (including you) from opening new lines of credit.
DriveFor1Outta5 Posted September 9, 2017 Posted September 9, 2017 The critical info is already out there...a freeze just prevents anyone (including you) from opening new lines of credit. It's a smart thing to do. Just making the point that it's comical to be forced to trust a freeze, when the hacked (irresponsible) party is responsible for maintaining it.
zevo Posted September 9, 2017 Posted September 9, 2017 (edited) So freezing was pretty easing and is offered at each bureaus website...i was not charged any fee for freezing...there is another credit bureau that is lesser know that i also froze and that is innovis so for those freezing their reports make sure you do that one as well... My financial guy just sent out a mass memo about the breach....he said to not take this lightly.. and advised on signing up for identity theft protection services. I checked my company's benefits site and they offer corporate rates for family protection of identity theft...so check with your employer because it's much cheaper if you are looking into that service. I think I'm just going to enroll in that rather than the free year of service offered by equifax because how I can I trust them now. Edited September 9, 2017 by zevo
Saxum Posted September 9, 2017 Posted September 9, 2017 Useful articles: https://www.cnet.com/how-to/equifax-data-breach-find-out-if-you-were-one-of-143-million-hacked/ https://www.consumer.ftc.gov/articles/0275-place-fraud-alert So freezing was pretty easing and is offered at each bureaus website...i was not charged any fee for freezing...there is another credit bureau that is lesser know that i also froze and that is innovis so for those freezing their reports make sure you do that one as well...My financial guy just sent out a mass memo about the breach....he said to not take this lightly.. and advised on signing up for identity theft protection services. I checked my company's benefits site and they offer corporate rates for family protection of identity theft...so check with your employer because it's much cheaper if you are looking into that service. I think I'm just going to enroll in that rather than the free year of service offered by equifax because how I can I trust them now. It is quite possible the hack was done by one of the identity protection companies to create demand. Credit agencies push that as solution because they own such companies. Many of the virus protection companies hire virus creators.
WhoTom Posted September 9, 2017 Posted September 9, 2017 Useful articles: https://www.cnet.com/how-to/equifax-data-breach-find-out-if-you-were-one-of-143-million-hacked/ https://www.consumer.ftc.gov/articles/0275-place-fraud-alert It is quite possible the hack was done by one of the identity protection companies to create demand. Credit agencies push that as solution because they own such companies. Many of the virus protection companies hire virus creators. "You've got a nice little credit rating there. I wouldn't want anything to happen to it."
QCity Posted September 9, 2017 Posted September 9, 2017 The critical info is already out there...a freeze just prevents anyone (including you) from opening new lines of credit. If they have your info, they can remove the credit freeze themselves. This is all that's required to lift it. The fee for adding or removing a freeze is determined by the state you live in, not the credit reporting agency (in many states it's completely free).
Saxum Posted September 9, 2017 Posted September 9, 2017 If they have your info, they can remove the credit freeze themselves. This is all that's required to lift it. The fee for adding or removing a freeze is determined by the state you live in, not the credit reporting agency (in many states it's completely free). Incorrect. Once you establish an account and PIN you need to have that. And Incorrect. Fee is established by credit agencies but some states have passed laws to prevent credit agencies from charging or limit fees.
QCity Posted September 9, 2017 Posted September 9, 2017 (edited) Incorrect. Once you establish an account and PIN you need to have that. Here's the Experian info you need if you "forgot" your PIN. Nice, huh? Edit: also, why do you believe your PIN number wasn't compromised? Edited September 9, 2017 by QCity
DriveFor1Outta5 Posted September 9, 2017 Posted September 9, 2017 (edited) Useful articles: https://www.cnet.com/how-to/equifax-data-breach-find-out-if-you-were-one-of-143-million-hacked/ https://www.consumer.ftc.gov/articles/0275-place-fraud-alert It is quite possible the hack was done by one of the identity protection companies to create demand. Credit agencies push that as solution because they own such companies. Many of the virus protection companies hire virus creators. This^ The entire thing just feels dirty. If someone has your info, you are screwed. There isn't much that you can do to protect yourself. What a joke that you now need to PAY for ID theft protection. We were all victimized by a company that we didn't choose to do business with. They should be paying. If that were the case I wouldn't be so skeptical. If they have your info, they can remove the credit freeze themselves. This is all that's required to lift it. The fee for adding or removing a freeze is determined by the state you live in, not the credit reporting agency (in many states it's completely free). Great link. What an absolute joke. I love how the media is creating mass hysteria with this, telling us to freeze our credit. The joke that we call a media fails to mention that having ones identity allows another access to everything (including unfreezing credit). Edited September 9, 2017 by DriveFor1Outta5
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