Equifax screwed up yet again, and it's scrambling to fix this latest mess

Equifax can't seem to get anything right. After exposing the personal information of potentially 143 million Americans to hackers, the credit reporting agency is under fire yet again for the way it attempted to secure the credit reports of those affected. It turns out that process, too, was vulnerable to cybercriminals. 

Now, the company is scrambling to fix what can only be called a bungled response to the data breach. For some victims, it might even be too late. 

The problem lies in how Equifax went about implementing credit freezes — something consumers worried about identity theft and fraud should implement. Essentially, if you request a credit freeze, Equifax will no longer send out credit reports to those who request it. That means if someone tries to open up a credit card in your name, the issuing bank won't be able to get a hold of your credit report. As such, they will deny the fraudulent application.  Read more...