This Equifax credit database can boost your risk of phone fraud
Identity thieves may be able to hijack your phone and utility accounts, thanks to a little-known credit reporting database run by Equifax.
The National Consumer Telecom and Utilities Exchange is a non-profit "member" association that warehouses consumer payment data related to utility bills – cable, electric, gas, water and phone. It is run by Atlanta-based Equifax, the same company that had a record-breaking 143 million-file data breach last year.
However, the NCTUE is a separate organization from the credit bureau, according to an Equifax spokeswoman. Thus, freezing your credit file at Equifax does not freeze your NCTUE file.
That has left a gaping hole in the walls that many consumers have attempted to place around their financial lives in the wake of nearly incessant data breaches that expose individuals to identity theft.