Cybersecurity

Equifax Will Offer Free Credit Locks for Life, New CEO Says

  • New ‘safe and simple’ service to be introduced by January
  • CEO Barros lays out plan in newspaper op-ed on 2nd day in job

Equifax CEO Smith Resigns Following Data Hack

Lock
This article is for subscribers only.

Equifax Inc. will debut a new service that will permanently give consumers the ability to lock and unlock their credit for free.

The service will be introduced by Jan. 31, Chief Executive Officer Paulino do Rego Barros Jr. wrote in a Wall Street Journal op-ed Wednesday, a day after taking the helm. The company will also extend the sign-up period for TrustedID Premier, the free credit-monitoring service it’s offering all U.S. consumers, he said.