The Equifax Breach: What You Need To Know
There has been major concern over the hacking of consumer credit reporting agency Equifax, which may have exposed the personal information of 143 million Americans.
Sacramento Deposit Bank takes the safety of your non-public personal information seriously, and we want to reassure our customers that your privacy is of utmost importance. Your accounts with us are still safe and secure and have not been compromised.
Here are some facts about the breach and some actions you may wish to take.
Your deposit account information with SDB has not been compromised. There is no evidence that any information regarding your checking, savings, or time deposit information is at risk. It is possible that loan account numbers could be affected as we report your loan information to both TransUnion and Equifax.
We will continue our customer due diligence as usual. The privacy of your financial information is a top priority. Rest assured we will continue to verify all customer identities with regard to transactions on your accounts, just as we always have.
Online banking, including our mobile app, is still secure. In fact, our online and mobile banking are great ways to keep a check on your account if you have concerns.
Equifax has established a webpage to answer your questions about the breach and to see if you are affected by it. You can reach this page by going to https://www.equifaxsecurity2017.com/. This site is continuously being updated to keep consumers abreast of the situation.
You should monitor your credit report for any suspicious activity or unfamiliar accounts. Equifax is offering a free credit monitoring service for those affected by the breach, but consumers will not be able to enroll until September 13. There has been some concern that enrolling in this coverage may prevent consumers from participating in a future class-action lawsuit against Equifax; the facts about that possibiliy are still unfolding. In the meantime, if you are concerned about your information, even if you are not affected by the breach, consider signing up for a credit monitoring service on your own. Free ones, such as creditkarma.com, are powerful tools you can use to keep a check on your credit. [We are not necessarily endorsing this service; the link is being provided for your information.] There are also many companies that will monitor your information for you for a fee, such as http://www.lifelock.com (again, this is not an endorsement, only information for you to consider).
The biggest threat from this breach is the possibility of identity theft. That's why it's important to keep a check on your credit reports. If you notice any suspicious activity or unknown accounts, you should take action immediately. Our page, Useful Information, has a section on preventing identity theft and how to recover from it if you are a victim.
We will continue to keep you updated as more information becomes available. Any new developments will be posted on our Facebook page. In the meantime, if you have any questions about the security of your accounts with us, please call us at 270-736-2212.