Capital One Data Breach

August 8, 2019  |  

Capital One Data Breach

As you may have seen on the news, Capital One experienced a significant data breach on March 22 and 23 exposing the personal information of nearly 106 million of its customers and applicants.

How to find out if your information was stolen

Capital One said it will contact by letter all U.S. individuals whose Social Security numbers or linked bank account numbers were part of the hack. Affected individuals can expect to hear the week of August 5.

As we’ve written in the past, there are certain steps you should take when you’re a victim of identity theft. Per the FTC, here are some action steps to consider:

  • Checking your credit reports. You are eligible for 3 free credit reports per year.  Visit www.annualcreditreport.com to view the reports.  Accounts or activity that you don’t recognize could be an indication of identity theft.  If you think you’re a victim, visit www.identitytheft.gov to find out what steps to take.
  • Consider placing a credit freeze on your files. A credit freeze makes it harder for someone to open a new account in your name but won’t prevent a thief from impacting an existing account.
  • Monitor existing credit card and bank accounts closely.
  • Consider placing a fraud alert on your files. A fraud alert warns creditors that you may be an identity theft victim and requires them to verify that anyone seeking credit in your name is actually YOU!
  • Hire a credit monitoring service. LifeLock or American Express’s Credit Secure service are worth considering.

Please feel free to reach out if we can be of assistance.


About Mark Rioboli, CFP®, CFS

Mark A. Rioboli, CFP®, CFS is Director of Wealth Management for Independence Advisors, bringing over 30 years of experience in the wealth management industry. Have a question for Mark? CLICK HERE TO ASK MARK
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