« Back to Blog

Identity Security

Posted October 10, 2017

As you no doubt know, the credit reporting agency Equifax recently reported a major cyber security breach. The hack exposed the personal information of an estimated 143 million Americans. When this news broke, we emailed the following information to all our contacts. Because it is always a good time to be conscious of your credit and identity security, we are reprinting the information here:

Check your credit reports.

Since the Equifax breach occurred several months ago, it is wise to check your credit reports. Look for illegitimate new accounts and activity that looks unfamiliar. You are entitled to one free credit report per year from each of the three credit bureaus (Equifax, TransUnion, and Experian). You may request them all at once, or spread out your requests. Rotating through the three bureaus with a new request every four months, for example, can be a longer-term security maintenance strategy than requesting all three at once every year. https://www.annualcreditreport.com/index.action

Set a fraud alert.

Equifax is providing free credit file monitoring, but for more comprehensive protection, you can place a free 90-day fraud alert on your credit report. This alert covers all three credit reporting agencies. When you have a fraud alert on your report, a business must first verify your identity before it issues credit. The alert expires after 90 days. If you wish to renew the alert after it expires, you may do so. The Federal Trade Commission explains how fraud alerts work and how to set one up: https://www.consumer.ftc.gov/articles/0275-place-fraud-alert

Help those who are less tech savvy.

Consider helping loved ones utilize the resources above. Elderly individuals without computer access, for example, may be unaware of the risk and unable to take preventive actions.

Reminder to clients of Bell Investment Advisors:

You have the opportunity to use the protections offered by AllClear ID at no cost. AllClear ID has two services, and Bell clients may opt-in to either or both: 1) Credit monitoring, which can begin at any time to monitor all new credit accounts opened in the client’s name; and 2) Identity Repair, which can be enabled if you discover that you have been the victim of fraud. This Identity Repair service connects you with a dedicated AllClear ID Investigator to act as your advocate in resolving disputes and recovering financial losses. To enroll contact your relationship manager who will provide you with a code to use when you access the website: www.AllClearID.com. More details: https://www.bellinvest.com/bell-adds-additional-identity-protection-for-clients/

As always, please call our office if you have any questions or concerns: 510.433.1066 or 800.700.0089.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign up for our monthly Bell e-News.

To get the latest news and updates from us, please fill out the form and click "Subscribe" to receive our e-newsletter.

Market Analysis

White paper feature image
The U.S. Economy is Very Strong (8/2/2018 analysis)
August 2, 2018

For the second quarter (Q2) of 2018, U.S. gross domestic product (GDP) grew by an annualized rate of...


Video

video feature image
Is This as Good as It’s Going to Get?
June 27, 2018

Join us for our quarterly Investment Committee Update online webinar.


Publication

bellinvest publicaion
American Consumers Get Great Deals from the Trade Deficit
July 23, 2018

In 2017 investors benefited from an unusually non-volatile market with consistent growth, but 2018 h...

Latest News

NorCal Conference Inspires

Every year, representatives of the Bell Investment Advisors financial planning staff attend the Financial Planning Association NorCal Conference in San Francisco as part of a continuing desire to maintain the highest standards of excellence in Bell’s financial planning practices, as well as to pursue ongoing professional education. On May 29 and 30 of this year, […]

Latest Tweet

Connect With Us

bellinvest 20 year