What you need to know about the Equifax data breach

44% of Americans Affected

On 9 September 2017, the credit bureau Equifax announced a data breach affecting 143 million Americans that occurred in May and June of 2017, whereby hackers gained access to names, social security numbers, birth dates, addresses, and in some cases driver’s licenses and credit card information. At this time, it appears that hackers did not gain access to full credit reports.

This combination of stolen information makes consumers who were hacked particularly vulnerable to identity theft. If your data was stolen, you should check your credit activity annually for potential fraudulent use.

Find Out If You May Have Been Hacked

Visit https://trustedidpremier.com/eligibility/eligibility.html to find out.

What is a Credit Bureau?

A credit bureau is a company that collects and maintains individual credit information and sells it to lenders, creditors, and consumers in the form of a credit report.

Credit bureaus collect information about your credit accounts: your repayment history, your available credit, the credit you’re using, outstanding debt collections, details from public records like bankruptcy, tax liens, foreclosures, and repossessions. Credit bureaus also maintain non-credit information about you including your address, current and previous employers, and salary information.

Who Uses Credit Bureaus?

Banks and credit card issuers rely on the information provided by credit bureaus. A host of other companies turn to credit bureaus to make decisions about you. Employers, insurance companies, landlords, and debt collectors all request information from the credit bureaus.

FAIB Reports To Four Credit Bureaus

FAIB, like most banks in America, reports customer data to Equifax, Experian, TransUnion, and Innovis.

For FAIB Loan and Secured Credit Card customers, information reported to credit bureaus includes: name, address, phone number, social security number / Tax ID, date of birth, telephone number, account number and type, account open date and status, current balance, as well as past due, scheduled monthly, and actual payment amounts, date of last payment, credit limits, and other account related information.

Identity Theft Prevention

We recommend that you remain vigilant for incidents of fraud and identity theft by reviewing bank account statements and monitoring your credit reports. You may obtain a free copy of your credit report from each company listed below once every 12 months by requesting your report online at www.annualcreditreport.com, calling toll-free 1-877-322-8228, or mailing an Annual Credit Report Request Form (available at ) to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA, 30348-5281.

You may also purchase a copy of your credit report by contacting any of the credit reporting agencies below: 

PO Box 740241
Atlanta, GA 30374 www.equifax.com
PO Box 9554
Allen, TX 75013 www.experian.com
PO Box 2000
Chester, PA 19016 www.transunion.com

Additional Tips

Beware Emails with Links or Attachments

If you receive an unexpected email claiming to be from your bank or other company that has your personal information, don’t click on any of the links or attachments. It could be a scam. Instead, call your financial institution or log into your account directly from their website to check for any notices.

Only Visit “https” URLs

If you are directed to any website that asks for personal information, ensure it is a secure website (the URL should include “https” at the start (“s” indicates ‘secure’).

Beware Grammar & Spelling Errors

Scam emails often contain typos and other errors — which indicates it probably didn’t come from a legitimate source.

Don’t Call or Text Message Unknown Numbers

Responding to calls or texts from unrecognized numbers may compromise your mobile phone, making your information vulnerable to hackers.

3 Ibid