Can Hackers Change your Credit Score?
Have you ever found yourself worried as to whether hackers could potentially gain access to your credit file and influence your credit score in a bad way? If so, this post may be relatively intriguing for you. We are going to cover a wide variety of topics that relate to this issue, including the possibility of a cyber attack against a credit score profile.
Sensitive information is available on credit profiles, which could potentially be influenced by hackers if they were to gain access to it. The good news is that there are significant security measures in place to help prevent this type of cyber attack. Unfortunately, cyber hackers are always looking for new ways to infiltrate security measures to steal sensitive information.
In the following sections of this post, we are going to take a look at a few different possible scenarios of what could happen in the event that a hacker successfully bypassed all security measures, and gained access to your credit score.
Cyber Attack – Credit Score
Imagine that a group of hackers has developed a way to view your credit profile. They gain access to all of your sensitive information, including credit card numbers. This opens the door for them to potentially destroy your credit and bring your score crashing down.
Hackers wouldn’t be necessarily interested in simply going into a credit profile and changing the number of a credit score. They would certainly be interested in gaining access to your credit card information and using these cards against your will to make purchases for themselves. This could potentially occur without your knowledge and lead you down the path of becoming deeply in debt.
If enough time passes without you noticing the cyberattack, it could potentially be too late to correct the charges and you could find yourself in a tough situation. Your credit history could be ruined if hackers max out your credit cards with the stolen information. Other damages could include late payments and hard inquiries on your credit history for years to come. These are all possible actions that hackers could take if they successfully hacked into your credit profile.
It is extremely unlikely for all of these actions to occur successfully with the security measures currently in place, but it certainly is not impossible. This chain of events could potentially take a perfect credit score and drop it by several hundred points. It could take years to recover from a cyberattack of this caliber.
So, How Likely is this Cyber Attack Scenario?
Do not be mistaken, it is EXTREMELY unlikely for you to be targeted in a cyber attack of this kind. The odds of being struck by lightning are probably similar to the odds of your credit profile being hacked in this way. It goes to show how important it is to protect your sensitive information like credit card numbers, passwords, and social security information.
You would definitely not want to leave any sensitive digital files on vulnerable flash drives or cloud storage where the chance of a security malfunction is higher. It is always best practice to protect your sensitive data on encrypted servers or hard drives that require additional layers of security.
Frequently Asked Questions
So, Hackers cannot directly change your credit score number?
Technically, they could. But, there is far more of an incentive for them to steal your credit card information and fraudulently charge your credit cards for their own purchases. These actions are more likely to be taken by a cyber hacker and would have an indirect negative impact against your credit score.
How can you protect sensitive credit information to make it more difficult to hack?
Everyone should look to store their sensitive digital files on encrypted flash drives or encrypted cloud storage platforms. It makes it exponentially more difficult to hack and adds an additional layer of protection to your credit profile and other sensitive information.
You can also look into a variety of different insurance and recovery options. Many people are not aware that typical insurance will not cover their ability to recoup losses related to identity theft or issues with credit scams. There are a few reputable companies that you may want to consider.
Conclusion & Summary
With all of the discussion regarding potential cyberattack scenarios, it is likely that you have managed to learn a few things about this topic by reading this entire post. There are a lot of innovative ways to protect your information and lower the chances of a digital attack against you.
Nobody wants to find themselves struggling with potential fraud attacks or credit security problems. As mentioned above, it can take years to recover from this kind of attack and can add stress and anxiety into your everyday life. It is highly recommended to take a little extra time today to protect your information by taking security measures seriously and find new ways to protect all of your data!