CYBER SECURITY NEWS
OF THE WEEK
FROM OUR FRIENDS AT CITADEL INFORMATION GROUP
Cyber-Tip of the Week: Use a Credit Freeze to Protect Your Financial Identity
- What it is: A security freeze means that your credit file cannot be shared with potential creditors. A security freeze can help prevent identity theft. Most businesses will not open credit accounts without first checking a consumer’s credit history. If your credit files are frozen, even someone who has your name and Social Security number would probably not be able to get credit in your name.
- Lifting the Freeze: You will need to lift your credit freeze whenever you want to open up credit such as buying a car or signing a lease.
- Costs: The cost of a freeze varies from state to state. It’s often free for identity theft victims with a charge of $10 or less per credit bureau for non-victims. Costs for lifting a freeze also vary by state.
- How to get it: Contact each of the 3 credit bureau
- Krebs On Security: How I Learned to Stop Worrying and Embrace the Security Freeze
- Federal Trade Commission: http://www.consumer.ftc.gov/articles/0497-credit-freeze-faqs
- California Attorney General: http://oag.ca.gov/idtheft/facts/freeze-your-credit