Fed Chair Janet Yellen warns: Monitor your credit report!


Business News - Opportunities - Reviews



Fed Chair Janet Yellen warns: Monitor your credit report! – Sep. 20, 2017

Freezing your credit after Equifax hack...not so easy

Federal Reserve Chairwoman Janet Yellen on Wednesday warned millions of Americans to scrupulously monitor their credit reports following a “very serious data breach” at Equifax.

“We would really urge consumers to be very careful in monitoring their credit reports and financial situation,” said Yellen at a press conference following a two-day Federal Open Market Committee meeting.

‘; var storytext = document.getElementById(‘storytext’); var heightToSkip = 0; function resetValues() { totalHeight = 0; targetChildElement = null; }
// Check if story is in the blacklist of articles to remove smartassets // [2017.07.27] Results of a one-off request from r.barbieri if(BLACKLIST[location.pathname] === true) { return } if(storytext == null) { console.log(“Error finding storytext element for SA embed”); return; } for ( i = 0; i 0) { heightToSkip -= storytext.childNodes[i].clientHeight; resetValues(); } else if(heightToSkip minHeight && targetChildElement != null) { //console.log(“total height = ” + totalHeight); //console.log(“childNode = ” + targetChildElement); storytext.childNodes[targetChildElement].insertAdjacentHTML(‘afterend’, smartAssetDiv); smartasset = document.getElementById(‘smartasset-article’); smartasset.style.float = ‘left’; // allows module to have text float to right smartasset.style.marginRight =’20px’; smartasset.style.marginBottom =’25px’; //console.log(storytext.childNodes[targetChildElement]); //SMARTASSET.setDivIndex(targetChildElement); SMARTASSET.setSmartAssetScript(); /* bail out since we’re done */ break; } } /* div with id=”smartassetcontainer”. Sanity check to only embed once */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “smartassetcontainer”) { break; } /* div with id=”ie_column” */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “ie_column”) { resetValues(); } /* embeds from twitter, facebook, youtube */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(’embed’)) { resetValues(); } /* cnn video player */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(‘cnnplayer’)) { resetValues(); } /* images */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘img’) { resetValues(); } /* images stored in figure tags */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’) { if(storytext.childNodes[i].clientWidth

Equifax’s data breach is one of the worst ever, in terms of both its reach and the kind of information that was exposed to cyber thieves.

Related: How the Equifax data breach happened: what we know

The credit report company disclosed earlier this month that it had discovered a giant cybersecurity breach on July 29, compromising the personal information of as many as 143 million Americans — nearly half the country. Sensitive information like names, social security numbers, birth dates, addresses, and the numbers of some driver’s licenses may have been compromised as a result.

She also cautioned of the threat that cyberattacks pose to the financial system.

“We do see [it] as one of the most significant risks to the financial sector,” said Yellen.

Related: Wells Fargo accused of ripping off mom-and-pop shops

Yellen said the recent data breach points to the importance for strong cybsecurity controls — and that the Fed and other regulators are focused on ensuring banks have them in place, she noted.

CNNMoney (Washington) First published September 20, 2017: 5:51 PM ET


Business News - Opportunities - Reviews



Leave a Reply