Equifax Data Breach

What You Can Do to Protect Yourself

man touching digital key

The credit reporting agency Equifax has had a security breach compromising the personal information of over 143 million Americans. This information included names, social security numbers, birth dates, addresses, and some driver’s license numbers.

We want you to know that BMI Federal Credit Union is doing everything we can to monitor the situation to ensure the safety and security of your personal information. While Equifax recommends that consumers visit https://www.equifaxsecurity2017.com/ to see if your information has been breached and to enroll in one year of free monitoring through TrustID, we want you to know that you have options available:

  • Consumer Rights. Carefully examine your rights as a consumer when accepting monitoring services from any credit monitoring agency. Although “free” monitoring is appealing, consumers may be forfeiting arbitration rights relevant to any breach. There are several credit monitoring agencies available offering services worth the cost. View side-by-side comparisons.

  • Freeze your credit file. According to this article from consumer expert Clark Howard, freezing your credit information is the best way to protect yourself against identity theft. View instructions from the Federal Trade Commission on how to place a freeze on your credit report. 

  • Enroll in Visa Card Text Alerts. Signing up for text alerts, allows you to confirm whether Visa credit or debit card transaction are valid. If you determine the transaction is fraudulent, you can reply to have an immediate hold placed on your card to prevent further transactions. View instructions on how to enroll your card in text alerts.

  • Review Your Credit Report. Consumers are entitled to a free copy of their credit report annually. Visit https://www.annualcreditreport.com/index.action to consider your options and recommendations from the three major credit reporting agencies.

  • Review Account Activity. Be sure to review your account activity either on your bank statements or through the online experience on your desktop or mobile device.