The Equifax data breach that was announced last year ended up exposing personal information for more than 146 million people. The personal information exposed in a data breach could potentially be used by criminals to open financial accounts, credit cards or loans in the victim’s name without his or her knowledge.
After the big data breach, Equifax offered free credit freezes through June 30, 2018. A credit freeze blocks access to your credit report. Lenders can’t access your credit report which helps prevent identity thieves from opening accounts and loans in your name.