The merits of the credit freeze

The Monster in Your Closet

On Monday, I wrote about my favorite source for InfoSec and Equifax breach-related news. Today, I wanted to add some important follow-up based on yesterday’s testimony.

Brian Krebs, my favored InfoSec resource, strongly recommends individual citizens pursue a legal credit freeze over a contractual credit lock. While a credit freeze might cost you a few dollars (depending on which state you’re in), it also affords you–the individual citizen–much more robust protection than does a credit lock.

Why? Krebs quickly gets to the heart of it:

Lawmakers on today’s panel seemed content with Smith’s answer that [a credit freeze and a credit lock] were effectively the same, only that a freeze was more cumbersome and costly, whereas credit locks were free and far more consumer-friendly.

It’s not only Krebs refuting this. He explains that Consumers Union staff attorney Christina Tetreault

notes that perhaps the main reason a security freeze is…

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