Following the Equifax hack, Credit Karma to launch free ID monitor, a new free service that will alert customers if their identity data has been compromised in hacks. The San Francisco-based fintech company said the new ID monitoring service is being tested and will be available in October in the wake of massive breach at credit monitoring agency Equifax.
CreditKarma saw a 50 percent spike in sign-ups to its platform in the weekend after the hack. From a report:
“Similar to services offered by Symantec-owned (SYMC.O) LifeLock Inc, CreditKarma will keep track of data breaches and tell customers if they are one of the victims. Customers can then check to use the company’s credit monitoring services and flag suspicious activities. The company said it was accelerating the launch of the new service in response to the large data breach at Equifax, where thieves may have stolen personal information of 143 million Americans.”
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