Protect Yourself

In the fallout from the Equifax breach, consumers need to do more to protect themselves

https://www.cnbc.com/2017/10/11/despite-equifax-breach-consumers-doing-little-to-guard-against-fraud.html

The massive Equifax data breach hasn’t moved most Americans to make more of an effort to safeguard their personal information.

Seventy-one million adults said they hadn’t heard anything at all about the data leak even though Equifax’s hack affected as many as 145 million people, including personal information such as Social Security numbers, names and birth dates. That number amounts to more than half the U.S. adult population.

Most consumers don’t bother checking their credit scores or credit reports, not even following a data breach that could affect them.

“It’s concerning that [such a large] number of Americans remain in the dark regarding this important issue,” CreditCards.com senior analyst Matt Schulz said in a statement.

“This cyber-attack was so big, and it contained so much highly sensitive information, that it’s going to linger for a long time. Consumers need to keep their guards up for the foreseeable future,” he said.

In addition to exercising greater vigilance in protecting their personal data, consumers will soon be able to rely on Peer Mountain to manage their digital presence and commercial interactions. The decentralized P2P trust and compliance platform ensures that each user owns their data, keeping it encrypted at all times and allowing them to share it only with people and service providers that they trust.

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