Equifax Data Breach Resources

In light of the recent large-scale data breach at Equifax, credit unions have been reaching out to NAFCU with questions. Strictly speaking, credit unions do not have any specific regulatory obligations with regard to this third-party breach, so how an individual credit union chooses to serve its members in connection with the breach is a business decision. However, as member-owned cooperative institutions, credit unions are often focused on how to assist members. Consumers may be confused about how to check if they are impacted by the breach and take steps that may limit the potential for identity theft. Here are some resources for credit unions working with members may find helpful.

Credit unions may also consider revisiting guidance related to authenticating members' identities and identity theft red flags:

NAFCU Resources and Information