Responding to the interim Equifax (EFX) CEO's recent apology in the Wall Street Journal, TheStreet's founder and Action Alerts Plus portfolio manager Jim Cramer described the biggest risks the Equifax hack has for consumers. With the information the Equifax hackers obtained, they could conceivably open a home equity line of credit or a credit line in your name, Cramer said.
Cramer suggested reaching out to your bank to prevent being affected by the hack.
Watch More with TheStreet:
- Bitcoin Is a Fraud, 'Wolf of Wall Street' Jordan Belfort Proclaims
- 5 Corporate Videos You Unfortunately Can't Un-See
- The Worst Financial Crash You Have Ever Seen Is Coming: Jim Rogers Survival Tips
- Here's How Dunkin' Donuts Is Winning the Coffee Wars