Just because you freeze your file does not mean you are out of risk.

Last week, Equifax announced a staggering data breach that has impacted 143 million Americans. This is considered the worst theft of consumer data in American history. Fraudsters now have access to 143 million Social Security numbers, dates of birth and address information.

Putting a credit freeze on your credit bureau has become the most common advice to protect yourself. A credit freeze allows you to restrict access to your credit report, which in turn makes it more difficult for identity thieves to open new accounts in your name. The benefit of a credit freeze is that it becomes extremely difficult to have new credit accounts opened in your name.

The biggest risk of a credit freeze is a false sense of security. Just because you freeze your file does not mean you are out of risk. If you decide to freeze your report, remember to pay attention to these three key risks.

1. Misuse of Existing Accounts Remains A Major Risk. The most common type of fraud relates to misuse of existing (open) accounts, or account takeover.

2. Medical and Employment Identity Theft Still A Big Risk. By combining your insurance number with your social security number, the fraudster could start obtaining care under your insurance plan in your name, using up your benefits.

3. Tax Fraud: Now A Bigger Risk. Tax ID theft happens when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. If you are a victim of the Equifax breach, the risk of tax fraud is real.

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By Nick Clements, Forbes, September 13, 2017