Equifax Data Breach: What To Do

According to the FTC, if you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies.

As posted on equifaxsecurity2017.com, the unauthorized access occurred from mid-May through July 2017.  The information accessed includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. In addition, credit card numbers for approximately 209,000 U.S. consumers, and certain dispute documents with personal identifying information for approximately 182,000 U.S. consumers, were accessed. As part of its investigation of this application vulnerability, Equifax also identified unauthorized access to limited personal information for certain UK and Canadian residents. Equifax will work with UK and Canadian regulators to determine appropriate next steps.

We are working with Equifax to learn how this may have affected Calumet Bank clients. Below is what we know:

Q:  Equifax said 209,000 credit card numbers were accessed. Does that include Calumet Bank accounts?
A:  Equifax stated they are in the process of sorting the credit card numbers by Bank, and they committed to communicating with all effected issuers.  As of this time they don’t know which banks or credit unions are impacted.

Q:  Were actual credit reports accessed or altered?
A:  Equifax said their core credit reporting databases were not accessed in any way.  This was a cyber-security incident involving a website application.

Q:  How can I find out if my personal information was involved in the Equifax data breach?
A:  You can find that out directly from Equifax by visiting equifaxsecurity2017.com. There, you can enter your last name and the last 6 digits of your social security number to learn if your information was included in the breach. Everyone, regardless of whether they are part of this breach, is eligible to enroll in a free 1 year credit report monitoring product.

Q:  I went through the Equifax process and was given a future date when I could enroll in the Equifax Credit Bureau monitoring tool.  Why the delay?
A:  This breach involves a tremendous number of people—which is currently stressing the process currently in place. Equifax is ramping up their technology platform to deal with the expected enrollment.

Q:  What can I do to safeguard my account relationship at Calumet Bank?
A:  This breach did not occur within Calumet Bank nor were we involved in any way, but we appreciate your concern about all your financial information. We remain diligent in our efforts to safeguard your information.

One final reminder:  Be wary of scammers sending bogus URL links. Be on the watch out for social engineering emails that scammers may send in the future.

For additional information, visit Identitytheft.gov/databreach to learn more about protecting yourself after a data breach.

Recent News at Calumet

Recent News

Calumet Opens Atlanta Loan Production Office

Calumet Bank is pleased to announce the opening our first Loan Production Office in the Atlanta market. Calumet Bank has had a presence in the Atlanta market since bringing Weare Gratwick, a seasoned Atlanta commercial banker on board as Regional President in late 2016. The office is located in Atlanta Tech Park, a technology incubator located at 107 Technology Parkway in Peachtree Corners, GA. The facility features a video podcasting studio, private offices, events space and a 100-person auditorium.

Calumet Bank Names Tracy Van Norman Columbus City President

Calumet Bank is proud to announce the promotion of Tracy Van Norman to the position of Columbus City President. Van Norman joined the Bank in 2017 as a commercial lender, and will now assume the position as market leader for Columbus.

LBC Bancshares Reports Second Quarter 2018 Financial Results

LBC Bancshares, parent company of Calumet Bank, announced the unaudited financial results for the second quarter of 2018. The company reported net income of $585 thousand, or $0.37 thousand per diluted share, for the second quarter of 2018, compared with $309 thousand, or $0.19 per diluted share for the second quarter 2017. Return on average assets was 1.18% for the second quarter of 2018 as compared to .73% for the second quarter of 2017.

Why SMEs Need Management Accountants

Mike Phillips, Chief Strategy Officer and EVP, recently wrote an article on the importance of management accounting expertise within small and medium-sized enterprises (SMEs). Click here to read the article.

Leaving LaGrange Better Than We Found It

Calumet Bank proudly participated in the campaign ‘Leaving LaGrange Better Than We Found It,’ on Friday, April 20, 2018. Several employees spent the morning picking up trash and debris along Calumet Center Park.