When the major credit bureau Equifax announced its customer files had been hacked, it caused a major uproar. Many people in Florida found out their files had been compromised and their sensitive information had been leaked. While Equifax worked to combat consumer fear, there was no erasing what had happened. Now consumers are left wondering what this means for their credit and finances in the future.
The main concerns stem from the fact credit card numbers, personal identifying information and even passwords or security codes could have been stolen. There is a high chance if a person's information was taken, he or she may face issues with credit fraud or identity theft in the future. The scariest part is there is no real time limit on how long consumers need to watch their credit for suspicious activity because it could be used years into the future.