Credit Karma was launched back in 2007 with the idea of providing free credit scores to consumers. They make their money by then offering deals on banking and credit cards to consumers. In order to get your free credit score you have to enter some detailed personal information and the biggest question has been is Credit Karma safe?
What Information Do You Need to Provide?
When you signup for Credit Karma the first set of information that you need to provideis basic: username, password, email. To increase security for this set your password must contain at least one number. I think this security should be higher but it’s better than the bare minimum some websites force.
The second set of information is what makes people wonder is Credit Karma safe. You must then provide your real name, address, phone number, date of birth, social security number, and annual or monthly income. Many people are wary of providing your social security number to a random online based company. So the big answer to is Credit Karma safe is to look into their back-end security provided.
What Security Measures Does Credit Karma Take?
Credit Karma actually runs a blog and on their blog they’ve defined the security measures that they take. Here is a quick run down of the things that Credit Karma does to make their website and service safe, free, and effective.
- Several Layers of Authentication on the server, including the fact that they use a PCI-DSS and SAS-70 Type II certified data center.
- No Account information is displayed on the website. Credit Karma accesses your information but does not display your personal information anywhere.
- Automatic Account Log-off: It’s almost impossible to accidentally leave yourself logged in from a public computer.
- No Duplicate Accounts Allowed: If you already have an account then nobody can create another to assist in stealing your identity.
Is Credit Karma Safe?
In my opinion and after having done additional research on the safety of online data storage in 2013 I think Credit Karma is safe. There is always a chance that a company isn’t safely storing their data, but for a company that directly involves credit scores and social security numbers safety is priority number one. If they were to have a data breach and have been storing data incorrectly then that would be the end of the company. They have a vested interest in keeping your data safe and I will continue to use Credit Karma to monitor my credit score.