The Foundation for Women’s Economic Literacy recently co-hosted a presentation with Christina Worley, founder and managing member of Castle Wealth Management, and Melissa Gannon, financial planner with Castle Wealth Management on “How to Safeguard your Credit after the Equifax Security Breach”
We hosted this presentation in response to the recent news that Equifax’s database has been hacked, exposing the highly personal and confidential information of at least 143 million people in the U.S. – that’s close to half the U.S. population. Chances are you are one of them.
Equifax as you may know is one of the 3 major credit reporting agencies which collects and aggregates all our personal information and assigns a Credit Score which becomes part of a person’s Credit Identity. This score is used by almost everyone to determine how credit worthy we are. And It can have an effect on everything from getting a job, securing a mortgage, to the interest rates you pay on your credit cards, and merchant accounts.
The hackers were able to get names, date of birth, Social Security numbers, addresses, credit card numbers and driver’s license numbers. In other words, they were able to get everything they need to completely steal your identity and credit rating. You’ve worked hard to build your credit profile, and your personal identity is very valuable. You need to do everything you can to safeguard your credit in light of Equifax’s incompetence.
This is serious cause for alarm as it relates to your personal financial future. Hackers can hang on to your data and use illegally to cause you financial harm years later. You must plan to remain alert to financial fraud for the long term.
If your information has been compromised by the Equifax breach, this could have an effect for the rest of your life.
We thank Castle Wealth Management for the following Tips For Safeguarding Your Financial Information: