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Democrats urge Equifax to extend free credit protection service

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Democrats urge Equifax to extend free credit protection service

Democrats on the House Committee on Oversight and Government have urged Equifax Inc. to extend its free credit protection and identity theft service TrustedID Premier to at least three years instead of just one year that is currently being offered.

The lawmakers cited warnings from experts and consumer advocates that the one-year protection is inadequate as cyber criminals often wait much longer to use stolen information.

The service is being offered to the victims of the massive data breach that might have compromised personal information of millions of customers. The lawmakers said in a letter addressed to Equifax interim CEO Paulino Barros Jr. that those who have been affected by the data breach should get "the most robust form of credit protection and identity theft services available" considering the ability of criminals to store and use stolen personal information for several years.