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Item  Rate 
CPI: 0.5% (Jan 2018) 
GDP Growth:   2.6% (4th QTR 2017)
Bank Prime Interest Rate:   4.50%
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Sep 2017


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EQUIFAX Data Breach Could Hurt Your Smallbiz

On 7 September 2017 Equifax (one of the largest credit reporting agency) announced that it experienced a major data breach that could potentially impact more than 143 million Americans.

The data breach is believed to have occurred between May and July 2017.  The breach exposed personal information such as Social Security Numbers, names, addresses, driver's license numbers, credit card numbers, etc.

Equifax states that there is no Evidence of Unauthorized Access to Core Consumer or Commercial Credit Reporting Databases.

However, as an entrepreneur you have to assume the worse and take appropriate measures to protect yourself and your small business.

Entrepreneurs rely on their personal and business credit report to seek funding and grow their businesses.  Hence a data breach of this type can be detrimental not only personally, but to the small business as well.

Equifax is offering (TrustedID Premier) complimentary identity theft protection and credit file monitoring services to those who were affected.

What can you do to protect your good credit.  To learn more abuot what you can do visit the SBZ web page on protecting your credit.



 By Bill Williams













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