Equifax Data Breach

On September 7, 2017, Equifax, one of the nation’s three major credit reporting agencies, announced a cybersecurity incident potentially impacting approximately 143 million U.S. consumers whose sensitive personal information was exposed in a data breach. According to Equifax, the breach lasted from mid-May through July 2017.  Unauthorized individuals gained access to names, Social Security numbers, birth dates, addresses and, in some cases, driver’s license numbers.  Additionally, credit card numbers for around 209,000 people and dispute documents with personal identifying information for about 182,000 people were accessed.  According to Equifax, they have found no evidence of unauthorized activity on their core consumer or commercial credit reporting databases.

 

State Farm Federal Credit Union has worked directly with Equifax and determined that, at this time, it does not appear any information related to State Farm Federal Credit Union accounts or transactions has been compromised. However, given the large number of individuals potentially impacted by this incident across the nation, we encourage all of our members to take appropriate steps to protect their personal information.  Actions you can take include:

 

•Visit the Equifax website, www.equifax.com, for a link to information that Equifax has established to help consumers determine if their information has been potentially impacted. 

•Monitor your credit report for unauthorized or suspicious activity. A free copy of your credit report can be obtained at www.annualcreditreport.com.

•Closely monitor your existing credit card and bank accounts for charges you do not recognize.

•Visit the website IdentityTheft.gov, provided by the FTC to help consumers understand steps that can reduce the risks caused by information being lost or exposed.

•Consider placing a fraud alert or credit freeze on your files. A fraud alert warns creditors that you may be an identity theft victim, and they should verify the identity of anyone seeking credit in your name. A credit freeze makes it harder for someone to open a new account in your name.  Keep in mind that a credit freeze won’t prevent a thief from making charges to your existing accounts. Either of these actions can be taken by contacting each of the three major credit reporting agencies: 

 

•Equifax fraud alert or credit freeze: 1-888-766-0008

•Experian fraud alert or credit freeze: 1‑888‑397‑3742

•TransUnion fraud alert or credit freeze: 888-909-8872

 

We are committed to supporting our members’ financial future and security. Should you have any questions related to State Farm Federal Credit Union products or services, please call us at 888-521-5209.