TransUnion Hong Kong Launches Free Basic Credit Alert Service To Help Protect Consumers’ Personal Data
Global information and insights company and Hong Kong’s leading consumer credit reference agency TransUnion (NYSE: TRU) is launching a free Basic Credit Alert Service today to help protect consumers from cybercrime. Credit alerts are another tool to enhance personal data security and prevent identity fraud. Registered users of the service will receive an email notification in the event of key changes to their account, empowering them to respond immediately to protect their credit information and minimize any financial losses.
TransUnion’s latest Consumer Pulse Study in Q1 2022 shows that 39% of respondents claimed that they had been targeted by fraudsters. Identity theft is one of the most common and damaging cybercrimes, opening the door for criminals to apply for credit cards, loans, or even open bank accounts using another consumer’s identity, causing immeasurable financial losses.
TransUnion’s Credit Alert Service covers critical financial and personal data changes including:
- New loan application enquiries
- New credit account openings under your name
- New address
- New phone number
Eligible consumers# can register and apply for the free Basic Credit Alert Service on TransUnion’s website starting from today. TransUnion continues to enhance its data security controls to help safeguard consumers against potential financial losses and help prevent people from becoming victims of cybercrime.
Source: TransUnion HK