The battle to protect your identity is getting a little easier – or at least cheaper. A new law goes into effect September 21 that will make it free to lock your credit file by freezing it with the three major credit rating companies.

In the past, Equifax, Experian, and Transunion have charged fees to freeze your credit reports to help protect against fraud. In states that have not already outlawed the fees, the freezes had cost from $2 to $10, and you needed to pay it to each credit rating agency separately. You also had to pay to unfreeze and refreeze your credit reports.


  • A credit freeze locks your credit file, which makes it harder for identity thieves to open new accounts in your name. You will get a PIN to use so you can unfreeze your account to apply for new credit, and then freeze it again.
  • Alternatively, you can place a “fraud alert” on your reports that will require any business that runs your credit to contact you before opening a new account. These alerts used to last 90 days, but the new law extends them to one year.


  • A credit freeze is an important tool to deter scammers from opening future accounts in your name, but it doesn’t stop thieves from getting into your current financial accounts and wreaking havoc.
  • To keep close tabs on banking, credit and other financial accounts, set up online access (on the internet or through the institution’s app if you have a smart phone) to monitor your accounts regularly.


  • Follow the steps here to freeze your credit and the credit of each adult in your household. If you have children under the age of 16, consider freezing their credit, too, until they are old enough to use credit.

Data breaches are now so commonplace that it’s easy to feel overwhelmed and powerless. But even if your personal information is out there, you can protect your identity by freezing your credit, and taking some other simple steps:

Rethink Your Passwords: Use unique passwords for each of your online accounts. That way, if one account is hacked, it doesn’t put your other accounts at risk. A good way to manage all of those different passwords is to use a digital password manager. These services can help keep all your passwords secure and help you create strong passwords for each of your online accounts.

Set Up Digital Access to your Financial Accounts: Scammers can easily use your personal data to open up accounts in your name – making it difficult to recover your accounts and hard-earned money. It’s important to set up online access to all of your financial accounts – bank accounts, credit cards, 401(k)s, etc. That way you can regularly monitor the accounts so you can stay up-to-date on all transactions and quickly spot and report any fraudulent activity.

Be Vigilant: When it comes to fraud, vigilance is our number one weapon. You can join the Fraud Watch Network and receive alerts about scams happening in South Dakota. Any one of any age can join for free by visiting or to receive Fraud Watch Network alerts by phone, call 1-866-542-8172.