The Equifax Security Breach: Assume the Worst

Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI
The Equifax Security Breach: 
Assume the Worst

Typically, making assumptions is not good.  In the case of the Equifax security breach discovered on July 29, 2017?  Just the opposite is true. 

Yep, you read that right ...


ASSUME the worst and proactively take measures to protect yourself, your finances, and your credit history/credit scores.  Don't wait for confirmation yea or nay.  


With this recent breach of security at Equifax being so large (an estimated 143 million people are affected), chances are good that you will be receiving notification soon, as that number represents a whopping 50+% of the population.


The information/data stolen during this breach include:

  • Birth Dates
  • Social Security Numbers
  • Addresses
  • Driver's Licenses (on a small number of consumers)
  • Personal Identification Info (on approximately 182,000 consumers pursuing credit report disputes)
  • Credit Card Numbers (on approximately 209,000 people)

Note:  Equifax will be direct mailing an alert to only those consumers that:

  • Had their credit card numbers stolen
  • Were involved in credit disputes at the time of the breach

So again, act proactively in protecting yourself.  Do not wait for confirmation in any form from Equifax.

Presently, Equifax is suggesting that you visit their website to see if you've been affected by this breach ... and to sign-up for their credit monitoring service.  But as of this writing, the advantages of signing-up are unclear or small, at best.
The Equifax credit monitoring service does not become available until next week on Monday (9/11).  And there is conflicting advice as to the use of this service.  So make sure you thoroughly educate yourself to the pros and cons of the Equifax credit monitoring service ... or any other service (or action) you might take regarding this matter.  
Fraud Alerts and "Freezing" your credit are two such options.  (Definition of Credit Monitoring) Do your homework regarding each prior to taking action of any kind. 
What can you do on your own immediately to protect yourself?
  • Pull your Credit at:  Make this routine!
  • Review/monitor your Credit Card Account Statements often and consistently
  • Review/monitor your Bank Account Statements often and consistently
  • You can also request your FREE copy of your Credit Report from each of the 3 main Credit Bureaus:  TransUnion, Experian, Equifax.  Continue to do this on a routine/timely basis.
  • When filing Taxes:    File early before any scammer in possession of your Social Security Number does it
  • Respond immediately to letters/communications received from the IRS
  • Respond immediately to letters'communications received from banks, credit card companies, etc. 
I can't stress the importance of taking these actions strongly enough.  Act proactively to protect yourself regarding any personal information or data of yours that may have been stolen in this breach.
Make it part of your routine to monitor all your accounts on a timely, consistent basis.  Pull your free credit report as they become available to you.  Seek ... ask questions.
If you think you have suffered fraud:  Take action quickly.  Report it.  Don't assume anyone besides yourself will take responsibility for, address, or correct the issues that arise from this breach.  
The more quickly you act, the more quickly the problem is remedied ... 
*  Hoping to Buy or Refinance a home in the Chicagoland Area?  Contact Me!  I'll put my 40 years of mortgage experience and expertise hard to work on your behalf. 
I'm easily found at:
Gene Mundt
Mortgage Originator - NMLS #216987 - IL Lic. #031.0006220 - WI License 216987
American Portfolio Mortgage Corp.
NMLS #175656
Direct: 815.524.2280
Cell or Text: 708.921.6331
eFax: 815.524.2281
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Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656


Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 


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Re-Blogged 11 times:

Re-Blogged By Re-Blogged At
  1. Anna Banana Kruchten CRB, CRS, Broker 09/08/2017 04:49 PM
  2. Debra Leisek 09/08/2017 08:41 PM
  3. Ginger Harper 09/09/2017 07:52 AM
  4. Evelyn Santiago, Managing Broker Heart Realty Group, Inc. 09/09/2017 08:10 AM
  5. Jeff Dowler, CRS 09/09/2017 10:45 AM
  6. Nina Hollander 09/09/2017 11:07 AM
  7. Debe Maxwell, CRS 09/09/2017 10:03 PM
  8. Praful Thakkar 09/09/2017 11:41 PM
  9. Joan Cox 09/10/2017 04:43 AM
  10. Debbie Reynolds 09/11/2017 05:34 PM
  11. M.C. Dwyer 09/14/2017 01:56 PM
Lending / Financial
Illinois Will County New Lenox
Home & Credit Savvy
Chicago Area Real Estate BUZZ!
protect your credit
annual credit reports
credit security
financial account protection
equifax security breach
credit security advice

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Scott Seaton Jr. Bourbonnais Kankakee IL Home Inspector
SLS Home Inspections-Bradley Bourbonnais Kankakee Manteno - Bourbonnais, IL
The Home Inspector With a Heart!

It amazes me that hackers have nothing better to do with their lives than screw over other people, and sleep at night like a baby. I have to believe there's a special place in hell for them, someday. 

Sep 09, 2017 05:47 AM #26
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Gene, thank you for this informative post.  I did not know about freezing accounts.  I am definitely doing it now. 

Sep 09, 2017 10:03 AM #27
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Gene... personally, I am appalled at the turn of events... and less so at the hack, but at the fact that it took them so long to announce it, when they knew it had happened. These people should be put in the pokey if you ask me.

Sep 09, 2017 10:51 AM #28
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Like, Nina Hollander , I'm appalled the company took so long to notify us, in order to give themselves time to protect their financial asses.   I hope their asses rot in prison.

Sep 09, 2017 11:04 AM #29
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Carol Williams ~ hi Carol... you said what I did. Throw them all in jail. Boy would I love to be on that jury!

Sep 09, 2017 11:22 AM #30
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

With so many scams out there online right now it is ridiculous that Equifax would wait this long to announce the security breach! Being educated helps to minimize identity theft and we all need to be proactive for ourselves, like you said Gene, no one is going to do it for you. Thank you for this informative post!

Sep 09, 2017 11:29 AM #31
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi  Thanks for sharing an important report on Equifax security breach.

Sep 09, 2017 05:39 PM #32
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I was relieved to find out it was unlikely I was compromised Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi 

Sep 09, 2017 07:51 PM #33
Corey Martin
Martin Presence Group - Ruston, LA
Real Estate and Management Solutions

I heard of this. It is very concerning to think of how many people could be affected. Thank you for posting. 

Sep 09, 2017 08:04 PM #34
Rebecca Gaujot, Realtor®
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Gene, thank you for this valuable information. I think I may just freeze my accounts.

Sep 09, 2017 09:31 PM #35
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I am surprised why this was brought up after few months and not immediately, Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi.

I have not received anything - yet - so believe I am safe but....I should do the right thing and take care of my information/data.

Sep 09, 2017 11:23 PM #36
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gene, this is a bad breach and so many will be affected.  Good to check your credit and put a freeze on it.

Sep 10, 2017 04:40 AM #37
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

We need t get the word out. This breach is huge. I will be reblogging it, Gene.

Sep 10, 2017 04:38 PM #38
Sham Reddy
H E R Realty, Dayton, OH - Dayton, OH

If you think you have suffered fraud:  Take action quickly.  Report it.  Don't assume anyone besides yourself will take responsibility for, address, or correct the issues that arise from this breach. 

Sep 10, 2017 06:30 PM #39
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

One more thing to add to the ever vigilant "to do list" !

Sep 11, 2017 12:00 AM #40
Rosalind Nicholas
RE/MAX Condos Plus Corporation, Brokerage - Toronto, ON
Toronto Condo Real Estate Agent, Toronto ON

Gene, thank you for sharing the information about protecting our info and data. What are the problems or negative consequences of freezing my credit?

Sep 11, 2017 10:32 AM #41
Sandy Padula and Norm Padula, JD, GRI
Realty National - Carlsbad, CA
Presence, Persistence & Perseverance

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi I applaud your report on this, but there is something most do not realize, i.e., by signing onto the Equifax Program, the signor is indemnifying Equifax from any future claims or class-action suits. This is unforgivable and the third breach of their security in recent years. It needs to go out of business1

Sep 12, 2017 07:25 AM #42
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Congratulations on your feature recognition.

Thanks so much for your recommendations.

Sep 13, 2017 06:20 AM #43
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

Good information. Glad to see the details as all I got when I checked was potential loss of information but less specifics.  Thanks.

Sep 14, 2017 07:53 AM #44
M.C. Dwyer
Century 21 Showcase REALTORs - Felton, CA
Santa Cruz Mountains Property Specialist

Thank you Gene.    A very share-worthy post.

Sep 14, 2017 01:59 PM #45
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience
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