Equifax exposed millions of Americans to identify theft
What is Equifax?
Equifax is a Credit Bureau. It collects people’s most sensitive personal and financial information, without their permission, and makes money by selling it to lenders. Lenders use it to determine if a buyer is qualified to buy a home, for example, or a car, or get a credit card.
When hackers broke into Equifax’s massive data base during the spring of 2017, it exposed nearly 143 million Americans to identity theft. Equifax claims it only learned of the hack on July 29, according to the Los Angeles Times, but it waited until the 7th of September to inform the public. The delay left the personal information of millions exposed for more than a month.
To find out if they were victims, Equifax sent them to a special website. They were told to enter their last names and the last four digits of their social security numbers. The site was an easily hacked fake, leaving victims vulnerable to more hackers for weeks, according to USA Today.
The danger for Equifax victims could last for years
When they heard of the hack, millions of people froze their Equifax accounts to protect themselves. But they are still vulnerable. A credit card can be cancelled in minutes, but names, birth dates and Social Security numbers don’t change. That means the threat can be “lifelong.”
According to Forbes, Equifax hackers “gained access to names, Social Security numbers, birth dates, addresses, driver’s license numbers, credit card numbers for 209,000 people and dispute documents with personal information for 182,000 consumers.” Credit experts say with such “a rich trove of data” the door is open to “total identity theft.” Hackers can create” a new you.”
Then, they can access financial accounts, including checking, savings, 401(k)s, withdraw money, open fraudulent accounts, ruining credit scores. They can file fraudulent tax returns, pay their medical bills with victims’ money and divert Social Security payments. If they are arrested, they can claim to be the victim they hacked, giving an innocent person a criminal record.
Can victims sue Equifax?
Yes, Wayne Wright can help victims of such enormous danger. He is one of America’s top trial lawyers. CNN celebrated his 2014 Litigator Award during prime time. Both honors are based solely on top dollar winnings for clients.
Victims are protected when they contact Wayne Wright. Calls and evaluations are free. Clients only pay lawyer fees when their case is won. The amount of the fees is based on an agreement with Wayne Wright before representation begins. So there is no surprise when a case is won.
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