Good Financial Reads: Advice from our Experts on the Equifax Breach
Share this
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
If you like what you read or are interested in the advisors below, be sure to click on their name to learn about them and their niches, or their firm name to visit the company website!
Catch up on some of the latest posts with this week's roundup:
Equifax Data Breach: How to Protect Your Identity
by Scott Snider, Mellen Money Management LLCFUBAR! A saying that originates from our military and aptly sums up the recent data breach at Equifax. If you don’t know what the acronym means, I suggest doing a Google search, so that I can keep this blog PG-13. I am tempted to yell every curse word in the book because my wife and I had our information compromised. From what I gather, anyone with a credit history is at risk too. Insane!
If you have been living under a rock, Equifax (EFX) has put 143 million people – 44% of the US population – in harm's way due to their inability to protect customer identities from data hackers. In other words, the odds are your personal information has been compromised. This includes your social security number, date of birth, address, and possibly even your driver’s license number.....
After the Equifax Data Breach - What You Need To Know To Protect Yourself
by Therese Nicklas, The Wealth Coach for Women, Inc.
Equifax Data Breach
The Equifax data breach has jeopardized the majority of Americans’ birth dates, SSNs, addresses, and some driver’s license numbers. Unfortunately, the Equifax data breach wasn’t the first of its kind. It’s likely that your information is already out there, and I don’t believe a credit freeze will be effective in protecting you from fraudsters. I’ve outlined the true risks we should be worried about, as well as recommended actions to take.
EQUIFAX’S INCOMPETENCE
The Equifax data breach was enabled by a web-application vulnerability, which had a patch available in March 2017 (see this Wired.com article). The Equifax data breach occurred a full two months later, which wasn’t revealed to the public until September 2017. The Wall Street Journal (paywall) reported, “People who purchased credit-monitoring services from Equifax seeking added protection from fraud were among those who had their credit-card information stolen as part of the company’s massive data breach, according to people familiar with the matter.”
How You Can Protect Your Credit And Guard Against The Equifax Breach
by Jared Paul, Capable Wealth
So, you’ve probably heard, Equifax messed up… Now most of us have to worry about identity theft. Great…
THE SKINNY If you haven’t heard, here is a quick recap.
From May through July of this year Equifax experienced a “data breach” (uh, they were hacked) and the information from at least 143 million people was stolen. This may include your name, social security number, birth date, driver’s license number, etc.
Three Tips for Navigating the Equifax Breach
by Brian Thompson, Brian Thompson Financial LLC
It’s been hard for me to read the news lately. Every “breaking” story seems to involve people being mistreated by others or the government, the weather destroying people’s homes or some other new danger.
So you can imagine how over it I was when I heard about the cyber attack on Equifax. It was massive, compromising 143 million people’s names, birth dates, addresses, Social Security numbers and drivers licenses. 143. Million. People. According to the NY Times, criminals gained access to the system from mid-May to through July. It’s the third such breach since 2015.
Share this
- Consumer Posts (706)
- From XYPN Members (562)
- Financial Advice (508)
- Financial Advisors (471)
- Financial Planning (445)
- From Our Advisors (422)
- Money Management (271)
- Advice (267)
- Financial Planners (204)
- Finding an Advisor (110)
- Saving and Earning Money (87)
- Finances (73)
- Financial Independence (64)
- Financial Planner (62)
- Retirement (61)
- Millennials (55)
- Budgeting (52)
- Investing (51)
- Debt Management (40)
- Current Events (30)
- Investment Management (30)
- Financial Life Planning (27)
- Taxes (27)
- Fee-only Financial Planning (26)
- College Planning (24)
- Tax Planning (22)
- Finance for Parents (20)
- Financial Decisions (19)
- Financial Plan (17)
- How to Budget (17)
- Credit (16)
- Tax (16)
- Working with a Financial Advisor (16)
- Homeowners (15)
- Investor (15)
- Saving (14)
- Financial Success (13)
- Gen X (13)
- How to Choose a Financial Advisor (13)
- CFP Certification (12)
- Employee Benefits (12)
- Gen Y (12)
- Marriage and Money (12)
- Student Loan Debt (12)
- Insurance (11)
- Robo Advisors (11)
- Buying a House (10)
- Credit Cards (10)
- Family (10)
- Health Care (10)
- Retirees (10)
- Virtual Advisor (10)
- Behavior (9)
- Financial Goals (9)
- Spending (9)
- Wealth (9)
- DIY Investing (8)
- Early Retirement (8)
- Lessons (8)
- Mortgage (8)
- Roth IRA (8)
- Small Business (8)
- Stock Options (8)
- Bear Market (7)
- Business Owner (7)
- Charitable Giving (7)
- Equity Compensation (7)
- Financial Wellness (7)
- Immigrants (7)
- Investment Planner (7)
- Kids and Money (7)
- Life Insurance (7)
- Life planning (7)
- Market Volatility (7)
- Recession (7)
- Savings (7)
- Charitable Donations (6)
- Charity (6)
- Choosing an Advisor (6)
- Common Financial Mistakes (6)
- Emergency Fund (6)
- Equity (6)
- Filing Taxes (6)
- Financial Planning Advice (6)
- How to Prepare for a Recession (6)
- Inflation (6)
- Questions (6)
- Real Estate (6)
- Risk (6)
- Risk and Investing (6)
- Security (6)
- Social Security (6)
- Stock Market (6)
- Strategy (6)
- Tax Return (6)
- Tax Season (6)
- The Market (6)
- Cash Flow (5)
- Cash Flow Planning (5)
- Elderly (5)
- Fee-Based Financial Planning (5)
- Fiduciary (5)
- Finance (5)
- Real Financial Planning (5)
- Risk Management (5)
- Time Management (5)
- Vacation (5)
- Behavioral Finance (4)
- CARES Act (4)
- Care (4)
- Combining Finances (4)
- Couples (4)
- Disability Insurance (4)
- Entrepreneurship (4)
- Estate Planning (4)
- Fee-only advisor (4)
- Guide (4)
- Health Savings Account (HSA) (4)
- Holidays (4)
- IRA (4)
- Industry Trends (4)
- Market Downturn (4)
- Marriage (4)
- New Job (4)
- Open Enrollment (4)
- Refinance My Mortgage (4)
- Roth Conversations (4)
- Small Business Owner (4)
- Value of Financial Planning (4)
- Banking (3)
- Bonds (3)
- Buying a Car (3)
- Capital Gains (3)
- Career Changers (3)
- Careers (3)
- Childfree (3)
- Choices (3)
- Cryptocurrency (3)
- ESG Investing (3)
- Financial Literacy (3)
- Financial Planning for Non-US Citizens (3)
- Giving (3)
- Housing (3)
- How to Buy a House (3)
- Identity Theft Protection (3)
- Income Tax (3)
- Initial Public Offering (IPO) (3)
- Interest rate (3)
- Meg Bartelt (3)
- Partnership (3)
- Paystub (3)
- Planning (3)
- Restricted Stock Units (RSU) (3)
- Setting Goals (3)
- Stress & Anxiety (3)
- Tax Preparation (3)
- Wealth Management (3)
- Women (3)
- Year-End (3)
- Aging (2)
- Asset Location (2)
- Bankrupt (2)
- Beneficiaries (2)
- Bonus & Cash Gifts (2)
- Capable Wealth (2)
- Childcare (2)
- Comprehensive Financial Planning (2)
- Consumer Protection (2)
- Coverage (2)
- Donations (2)
- Earnings (2)
- Exchange-Traded Funds (ETF) (2)
- Financial Aid (2)
- Financial Considerations When Living Abroad (2)
- Financial Freedom (2)
- Financial Independence, Retire Early (FIRE) (2)
- Financial Planning for Women (2)
- Financial Preparedness (2)
- Freelancing (2)
- Graduates (2)
- Growing Income (2)
- Holiday Season Budget (2)
- IRA Inheritance (2)
- Inheritance (2)
- International financial planning (2)
- Layoff (2)
- Living abroad (2)
- Loan forgiveness (2)
- Mistakes (2)
- Mutual Funds (2)
- Net Worth (2)
- Next Generation Financial Planning (2)
- Online Identity Protection (2)
- Pandemic (2)
- Philosophy (2)
- Portfolio Management (2)
- Preparing for Pregnancy (2)
- Real Estate Investing (2)
- Renting (2)
- Sabbatical (2)
- Side Hustle (2)
- Start Ups (2)
- Stocks (2)
- Tax Refund (2)
- Tax Savings (2)
- Technology (2)
- Trusts (2)
- Uncertainty (2)
- Vehicle (2)
- Visas (2)
- Work Life Balance (2)
- Acquisition (1)
- Advisor Success (1)
- Advisors (1)
- Assets Under Management (AUM) (1)
- Automation (1)
- Balance (1)
- Balance Sheet (1)
- Bargain (1)
- Bull Market (1)
- Business (1)
- Challenges (1)
- Changes (1)
- Check in (1)
- Corporate Banking (1)
- DIY (1)
- Data (1)
- Daycare (1)
- Disability Accounts (1)
- Disasters (1)
- Diversity (1)
- Earn More (1)
- Economics (1)
- Education (1)
- Emotional Decisions (1)
- Entry-level (1)
- Ethan Miller (1)
- Experience Wealth (1)
- Factor Tilts (1)
- Female Financial Planners (1)
- File Storage (1)
- Financial Education (1)
- Financial Planning Fees (1)
- Financial Planning Process (1)
- Financial Triage (1)
- Financially Stuck (1)
- Hiring (1)
- How to Choose a Bank (1)
- How to be a Financial Advisor (1)
- Income (1)
- Investing in opportunity zones (1)
- Job burnout (1)
- Just married (1)
- LGBTQIA+ (1)
- Landlords (1)
- Learning (1)
- Liquidity (1)
- Liquidity premium (1)
- Loans (1)
- Management (1)
- Mental Health (1)
- Merging Finances (1)
- Military Finance (1)
- Mindset Shift (1)
- Minimalism (1)
- Motherhood (1)
- Multi-level Marketing (1)
- NewLeaf Financial (1)
- Newlyweds (1)
- NextGen (1)
- Niche Marketing (1)
- One-time Income (1)
- Opportunity Zones (1)
- Physicians (1)
- Prenuptial Agreement (1)
- Productivity (1)
- ROI (1)
- Recommended Reading (1)
- Recovering From Financial Hardship (1)
- Recurring Income (1)
- Reflection (1)
- Reg BI (1)
- Remote (1)
- Risk Assessment (1)
- SECURE 2.0 act (1)
- Socially Responsible Investing (SRI) (1)
- Special Needs (1)
- Splitting Finances (1)
- Systems (1)
- Tax Harvesting (1)
- Tech Professionals (1)
- Theory (1)
- Transitioning Advisor (1)
- Virtual (1)
- Windfall (1)
- XYPN News (1)
Subscribe by email
You May Also Like
These Related Stories

Good Financial Reads: Investing

Good Financial Reads: Finance For Millennials
