DGEFCU’s Advice Regarding Equifax Breach

Dear DGEFCU Member,

We became aware of a data breach suffered by Equifax when it was publicly disclosed September 7th. The breach was reported as potentially affecting 143 million US consumers.

We are here to help you better understand and deal with this extraordinary threat to your financial welfare.

First, the incident was limited to Equifax and was not in any way related to our credit union, other financial institutions, or any direct merchants. We understand a relatively small number of card numbers were compromised, non-specific to credit unions.

Personal data, including birth dates, credit card numbers, Social Security numbers and more, were obtained in the breach. This increases the risk of identity theft opportunities related to the 143 million personal data records that may be appended to other acquired records and leveraged for account takeovers.

What you can do to mitigate your exposure:

  • Go to www.equifaxsecurity2017.com to check whether you are one of the 143 million people whose data may have been compromised
  • Set fraud alerts – all bureaus
  • Monitor your credit activity (www.annualcreditreport.com, etc.)
  • Reset account passwords, PIN codes and other log-in credentials on financial accounts that may be vulnerable.
  • Establish multiple-authentication protocols for financial accounts and email, when possible
  • Establish credit monitoring service through Equifax or through other service providers

For our part, we will:

  • Continue to require multiple factor authentication on electronic transactions
  • Keep our staff informed and educated on detecting fraud and how this type of data can be used
  • Review internal policies to ensure they address the most up to date tactics
  • Post advisories, such as this, on our social channels

DGEFCU is here to help you in the wake of this extraordinary and unnerving breach. This a developing story and as more information is conveyed regarding the extent of the breach, we will provide ongoing communication and advisory notifications.

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