Tips on how to deal with Capital One breach

Local News

A Capital One sign is shown at a location in San Francisco, Tuesday, July 16, 2019. (AP Photo/Jeff Chiu)

EVANSVILLE, Ind. (WEHT) – In the aftermath of Capital One’s breach, many consumers likely have questions and concerns for their own wallets.

Capital One announced Monday that roughly 100 million credit card applications were compromised in a data breach, exposing an estimated 77,000 bank account numbers and 140,000 social security numbers.

WalletHub has five tips for dealing with this data breach.

First, sign up for 24/7 credit monitoring because you’ll find out immediately if someone tries to open an account in your name.

Second, enable two-factor authentication, which will work as a layer of protection when logging into your email account and financial websites.

Third, a freeze is better than an alert. You can protect yourself from fraudulent borrowing by freezing your three major credit reports which will prevent anyone from accessing them, making it impossible to take out a loan or line of credit.

Fourth, suppress fraudulent information. it’s best to use a process called “suppression” / “blocking” to get rid of negative info resulting from identity theft.

Finally, never respond to unsolicited requests for information. Don’t be surprised if you see an uptick in unsolicited calls and emails requesting personal information. Never answer if you didn’t ask to be contacted.

You can also check out WalletHub’s identity theft guide, along with the steps you should take if your identity is stolen.

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(This story was originally published on July 30, 2019)

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