A Data Breach?! Seriously?!

Hey now, Drew Two Time. Today I want to talk about data breaches, specifically because I got a letter saying that my information was breached. This time it's from Mr. Cooper. Yeah, this has been going on in the financial world for quite some time now. Every couple months you'll see a new company that has the security data breach, and your personal information is The thing that gets at risk. Now, this is not the type of thing where, like, your Hotmail or your Instagram account gets hacked. This is like your Social Security number, your account numbers, real information that can be very detrimental to your credit and your ability to even live your everyday life. So, if your information is hacked in this way or part of a data breach, the company should be able to provide you with a letter explaining what happened, And in that letter, usually they give you some type of free fraud or monitoring service, usually. Also, if this ever occurs, you can look at your credit report free online. We've shared some resources about that. AnnualCreditReport.com is a great resource. You can freeze your credits. That's a free service to do. You can go directly to Experian, TransUnion, and Equifax to freeze your service. And you can even pay for some fraud monitoring companies too that will help analyze if anything notorious is going on with your credit. Now, these are serious data breaches. I don't want to take them lightly, but I don't want you to be terrified and scared from them. Keep your account passwords in a safe, secure place. Rotate them, change them periodically. I've shown some data before— having a 16-digit passcode really helps your chances of being hacked. You can't help it when it comes from another company though, so follow their instructions on your letter if you have one and keep that credit monitored. Hey, I hope all this makes sense how I'm saying it. This has been Andrew Postell. Thanks for watching today's Drew 2.