On September 7th Equifax announced a cyber-security incident that could impact as many as 143 million people in the U.S. Criminals accessed some of Equifax’s data that included names, Social Security numbers, birth dates, addresses, driver’s license numbers and credit card numbers.
The breach highlights an important challenge for the financial industry and for Neighborhood Trust’s nearly 7,000 low- and middle-income clients, most of whom are already struggling to get ahead. For the millions of Americans living paycheck to paycheck and without an emergency fund, identity theft and stolen credit card information can quickly escalate to a cash flow crisis and financial disaster. For Neighborhood Trust clients, an incident like this can threaten to undermine the precious trust we have helped them to build with financial services, since even when they […]