Data Breaches Put Credit Freezes in Focus as Fraud Risk Rises

More than 278 million people in the U.S. were affected by data breaches and security compromises in 2025, increasing exposure to identity theft and credit fraud, according to a consumer finance guidance article published May 13, 2026. The article highlights credit freezes as a free protection tool that blocks creditors and other companies from accessing a consumer’s credit reports, making it harder for criminals to open credit cards or loans in a victim’s name. Consumers must place freezes separately with each of the three major credit bureaus and can remove them when applying for new credit. The guidance distinguishes credit freezes from credit locks, which are typically paid services, and fraud alerts, which require creditors to verify identity before opening accounts. Credit freezes can remain in place indefinitely and can be lifted online, usually taking effect immediately.