What action do most experts recommend consumers take due to recent data leaks at Equifax?

Most experts recommend that consumers freeze their credit files as a proactive measure in response to recent data leaks at organizations like Equifax. A credit freeze restricts access to an individual's credit report, which means that identity thieves cannot open new accounts in the consumer's name while the freeze is in place. This is crucial because it adds an additional layer of security against fraud and identity theft, which can result from stolen personal information.

When a consumer freezes their credit, they are taking a responsible step to safeguard their financial information. This freeze can easily be lifted or made temporary if the consumer needs to apply for a loan or credit, making it a flexible and effective strategy for protecting oneself against the risks of data breaches.

In contrast, ignoring credit issues can lead to dire consequences, such as falling prey to identity theft without taking preventive measures. Opening more credit accounts after such a breach would not only increase the risk of further issues but could also be detrimental to the consumer's credit score. Stopping the practice of regularly checking credit reports would also be unwise, as frequent monitoring helps individuals catch potential fraud early on. Thus, freezing credit files stands out as a highly recommended action by experts in this context.