What to Do When Your Personal Information is Breached
It seems like each month we hear about another company’s data breach of customer information, whether because of a single computer hack of the company’s system that can instantly expose the personal information of millions, or because of lost computer laptops or insiders illegally selling personal information to unauthorized third parties. Minnesota residents who believe that they may be victims of a data breach should actively monitor their financial statements and credit reports for any unauthorized or suspicious activity and consider the following:
Call the Three Major Credit Bureaus and Place a One-Call Fraud Alert on Your Credit Report:
- Experian: Call (888) 397-3742, and write P.O. Box 9554, Allen, TX 75013
- Equifax: Call (866) 349-5191, and write P.O. Box 105069, Atlanta, GA 30348-5069
- TransUnion: Call (800) 680-7289, and write P.O. Box 2000, Chester, PA 19016
You only need to call one of the three credit bureaus. The one you contact is required to contact the other two to place the fraud alert in your credit file. This fraud alert will remain in your credit file for at least 90 days. The fraud alert requires creditors to contact you before opening any new accounts or increasing credit limits on your existing accounts. When you place a fraud alert on your credit report, you are entitled to one free credit report from each of the three credit bureaus upon request. Be sure to dial carefully. Some fraudsters have been known to select telephone numbers that are similar to those of the credit bureaus.
Consider Placing a Security Freeze on Your Credit Reports
Under state law, Minnesota consumers can place a security freeze on their credit reports. In most instances, the freeze prohibits a credit reporting agency from releasing any information from your credit report without your written authorization. (Before placing a security freeze on your credit report, consider that a freeze could delay, interfere with, or prevent the timely approval of any requests you make for new loans, mortgages, employment, housing or other lines of credit).
If you have been a victim of identity theft, and you provide the credit reporting agency with a valid police report alleging that you are a victim of identity theft, it cannot charge you to place, lift or remove a security freeze. Otherwise, a credit reporting agency may charge you a $5 fee for each placing, temporary lifting, or removing of a security freeze.
To place a security freeze on your credit report, you should send a written request to each of the three nationwide consumer reporting agencies by regular, certified or overnight mail at the addresses below:
Experian Security Freeze
P.O. Box 9554
Allen, TX 75013
Equifax Security Freeze
P.O. Box 105788
Atlanta, GA 30348
TransUnion Security Freeze
P.O. Box 2000
Chester, PA 19016
Order a Free Copy of Your Credit Report and Look for Unauthorized Activity
Many consumers first find out that they are victims of identity theft by discovering inaccuracies on their credit report. The Attorney General’s Office encourages consumers to routinely obtain and review their credit report to detect and remove any errors. The federal Fair Credit Reporting Act (FCRA) allows consumers to obtain a free copy of their credit report each year from the three major credit bureaus. The credit bureaus have established a centralized website, toll-free telephone number and mailing address for consumers to order their reports. Annual reports may be requested by:
- Logging on to www.AnnualCreditReport.com
- Calling: (877) 322-8228
- Writing: Annual Credit Report Request Service at P.O. Box 105281, Atlanta GA 30348-5281
Consumers will need to provide their full name, current address, social security number, date of birth and past addresses (if a consumer has moved in the past two years), to obtain their free credit report.
Consumers should be on guard against other resources claiming to provide “free credit reports,” which may actually charge fees or require the purchase of goods or services. For instance, consumers who type the term “free credit report” in the Google search engine will get as a result FreeCreditReport.com, which may charge consumers a “membership fee” if they do not “cancel” within seven days of requesting their free credit report.
Monitor Your Financial Accounts for Suspicious Activity
Look carefully for unexplained activity on your bank and other financial statements. If after reviewing your statements you believe there is unexplained activity, you may want to contact the fraud department of your financial institution.
Beware of Phishing
In large data breaches, scammers may pretend to be the organization that was subject to the data breach, or even a law enforcement agency, in order to dupe consumers into disclosing sensitive personal information. For example, they may hold themselves out as the company subject to the data breach and ask people to confirm account numbers or other personal financial data to “check for fraud” even though they are fraudsters themselves. When in doubt, don’t give it out. Contact companies through trusted channels. If you are concerned about receiving such an email, call the company immediately at the publicly-listed phone number. Don’t trust the number or email in the message.
Contact the Federal Trade Commission
The Federal Trade Commission (FTC) maintains an Identity Theft database, monitors identity theft nationwide, educates consumers on the crime, and works with other law enforcement officials. Consumers may contact the FTC as follows:
Federal Trade Commission
Bureau of Consumer Protection
600 Pennsylvania Avenue NW
Washington, DC 20580
TTY: (866) 653-4261
Guarding Your Privacy
Identity theft is on the rise nationwide and is helped along by lenders and creditors who are willing to grant thousands of dollars in credit in mere minutes with little or no proof of identity. This booklet will help you guard your privacy, protect your personal information and avoid identity fraud.
Protect Yourself from Identity Theft
The Federal Trade Commission estimates that over eight million Americans become victims of identity theft each year, resulting in billions of dollars in losses. The problem has significantly increased over the last decade, with complaints about identity theft rising by more than 578% in the last ten years. Don't let this happen to you!
Credit reports include information about a person's account and repayment history. Information in a credit report impacts how much a person pays for loans and other credit and sometimes whether a person can get credit.