The Equifax Debacle, Part II: Repercussions & Updates

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Equifax Cyber Security

The Equifax Debacle, Part II

Which Reminded Me That Cahoots is One of my Favorite Words

On September 18, National Mortgage News posted this headline: “Are credit bureaus, housing groups in cahoots to kill FICO scores?” And there it was - cahoots!

To be fair, this latest not-so-subtle accusation did not have much to do with what happened at Equifax -- read all about that on a previous Blog here … or did it? If you simply scan hundreds of articles about the incredible disaster Equifax has promulgated, it seems a reasonable conclusion. Yes, not only are the Equifax ramifications incredible -- see below -- but why wouldn’t they start a new conspiracy theory? Before we head into the fallout, let’s dwell on some of my favorite conspiracy theories just for a minute.

Will the world end on Sept. 23? Conspiracy theorists say yes

Sometime between 2002 and now, Avril Lavigne died and was replaced by an actress.

The Illuminati: Many conspiracy theorists harbor the delusional belief that a shadowy cabal called the Illuminati control the world, even though it’s painfully obvious that the Bilderberg Group is really calling the shots.

Blood-drinking, flesh-eating, shape-shifting extraterrestrial reptilian humanoids with only one objective in their cold-blooded little heads: to enslave the human race.

Stanley Kubrick Faked The Moon Landing

End of digression, with apologies to Avril.

Back to Equifax. And may I simply say, “Holy Hailstorm, Batman!” Here’s just a summary of what has resulted from the major OOPS at Equifax in the US, Canada, Europe, etc. I have graciously sourced my summarized conclusions for those avid readers among us, but please know this is not even close to a complete list.  For less avid readers, a simple headline scan should do you.

Stolen Identity

All of us of us have a high probability of having had our identity stolen.

So…Everyone’s Been Compromised? What To Do In The Wake of the Equifax Breach

KENNETH R. HARNEY: Theft of Equifax data could lead to years of grief for home buyers

Why Millennials should be really worried about the Equifax breach

Some Equifax Executives, those who have been terminated, probably want their identity stolen.

3 Equifax Executives Sold Stock Days After Hack That Wasn't Disclosed For A Month

2 Equifax executives retire following data breach - or -

Heads roll at Equifax: Chief information officer, chief security officer "retire" immediately

Equifax purges high execs, including security chief with two music degrees: reports

New evidence raises doubts about executives’ handling of the Equifax breach

Why Equifax Executives Will Get Away With the Worst Data Breach in History

After the Apology: What’s Next for Equifax CEO Richard Smith?

Computer Money

This will cost oodles of time and money -- big oodles.

Op-Ed Equifax messed up. And yet we have to clean up the mess

Equifax in the red as US senator Elizabeth Warren cracks down on company with new bill

Equifax breach: You can sue if your data was exposed; here's how

Class-Action Lawsuit Filed Against Equifax After Massive Data Breach* [See the last item in "Gargantuan legal cases will ensue" below if you would like to be included.]

Equifax's Massive Data Breach Has Cost the Company $4 Billion So Far

Another layer of fear and mistrust has descended upon us.

Experts say if you're not worried about Equifax data breach, you should be

Angry about Equifax breach? You should be

The Equifax Hacking Scandal Is a Reminder That Credit-Reporting Agencies Are Not Our Friends

Federal Trade Commission warns of new scam surrounding Equifax breach

No, Equifax Isn't Calling: Local Police Warn Of Latest Scam

Equifax messed up. Who pays? You do

Personal data from the massive Equifax breach could be up for sale on the dark web - Includes credit scores for Pres. Trump, Kardashian

Congress Equifax

Congress must take action.

Senators Introduce Protection Act After Equifax Hack

Blumenthal introduces data accountability bill in wake of Equifax breach

After Equifax disaster, we must demand credit reporting reform

Credit Bureau Reform Bill Coming Soon

Lawmakers Consider Bill To Waive Fees To Freeze Credit Reports

Himes introduces bill to protect consumers from credit data breach

This has happened before at Equifax.

Equifax suffered another data breach in March.

Equifax says March breach not related to major hack [well, hmmm … read the article and come to your own conclusion …]

Equifax says it was hacked in March, months before latest breach

Equifax Lawsuits

Gargantuan legal cases will ensue.

Lawsuits pile up against Equifax following breach

Is Equifax making it hard to sue?

Canada’s privacy commissioner launches investigation into Equifax data breach

Equifax Lawsuit Questionnaire*

Some good news may result?

Senate Dems' Equifax bill may gain surprising bipartisan support

Equifax Hack Latest News: Credit Monitoring is Free Until Nov. 21

Warren bill would ban employers from requiring credit checks from job applicants

Could The Equifax Data Breach Be Good News?

So what’s a gal or guy to do? Freeze your credit now** and “melt” it when needed? Sign up for a credit monitoring system (not owned by Equifax)? Pester your congressional representatives to pass legislation ensuring this will never happen again? Re-read “What can you do about this right now?” Keep the faith, take heart, be confident that smarter people than me and you are working on a solution to this for everyone -- just like this perhaps!

Equifax Miracle
** Just in case you choose to go the freeze route, find more information below. And yes, this process has to be repeated 4 separate times or, if you are married, then eight times (sorry)! ***

*** From SavvyOnCredit: “In addition to the three most prominent consumer-reporting agencies (Experian, Equifax, and TransUnion) there are several other national agencies that may collect, store and disseminate your personal financial information. While the big three dominate the traditional market, other players compete by offering complementary services for lenders.

Innovis is the fourth national U.S. consumer credit bureau. Innovis began life as Associated Credit Bureaus before going through several name changes and ownership changes. Their competitive advantage was a broad file of negative or derogatory information. Today, they offer a range of supporting services: verification, flood zone determination, appraisal services, and more.”

About Kathleen Heck

Kathleen Heck has worked with hundreds of top sales professionals, authors, corporate executives, educators, and management level professionals. She started her career as a college and high school educator. Later she changed industries and moved to financial services, first as a Mortgage Loan Officer and then rising to lead of team of over 2000 financial professionals. She is the author of "After the Beep" and "Meltdown: I Need a Plan". Currently serving as the President of the Croyance Group, Ms. Heck is a Certified Professional Coach and holds several Masters Degrees and a PhD. See more at

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