If you have been notified by a company that personal information they hold on you has been the victim of a data breach it is a good idea to check your credit report and you may consider setting up credit alerts and identity monitoring through a credit report subscription. This means that if someone tries to apply for credit in your name you will be alerted and you know what’s happening with your report .
You could also put a ban on your credit report with the credit agency to help prevent fraudulent accounts being opened in your name. Whilst a ban is in force, credit providers cannot view your credit report without your specific written permission.
Until now, a consumer had to individually contact and notify all Credit Rating Bureaus to put in a ban period on credit applications. With the new amendments to credit reporting law, when requested, they are obliged to notify others of a consumer’s ban period request. This change makes it easier for people to prevent identity and credit fraud.