Financial Experts Speak about the Equifax Breach

Maine (WABI) The credit reporting agency Equifax announced last week a data breach in which hackers obtained personal information from more than 100-million Americans. Morgan Sturdivant spoke to several financial experts about what people can do if their information was compromised.

"There's no doubt many people are uneasy after finding out millions of Americans including thousands of Mainers may be affected after this data breach. The question now is, what can we do to protect ourselves?"

"I really think for individuals like regular people like you and me, there's not so much we can do."

"It's not very likely your identify will be used."

But if your information is used and credit cards or loans are taken out

"If anything goes default, it goes to you."

State officials are advising Mainers to freeze their credit reports.

"You could freeze your file temporarily, short term, but sooner or later, you have to undo it, so the damage is done and it's not reversible."

"Without that and if someone else is using it and running it into the ground, then there goes my plans for my future and my kids and my family."

"It makes me a little nervous, but I don't really know what you can do about it." Said, Deb Harder.

"We would advise our customers to be very vigilant." Said, CEO Steve Clark.

Bangor Federal Credit Union C-E-O Steve Clark says the most nerve wracking factor may be how this breach is unfolding.

"It appears as though Equifax has had knowledge of a breach for some time and that it is just being introduced to the public. I find it a little unnerving that we're just finding out about it"