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You have a credit freeze; it still isn’t enough

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You have a credit freeze; it still isn’t enough

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Credit freezes have been free at Equifax, Experian and TransUnion since 2018. They are built to block one of the most common forms of identity fraud: new credit applications opened in your name. But the latest numbers show why a freeze cannot be your only line of defense. 

Javelin Strategy & Research’s 2026 Identity Fraud Study found that traditional identity fraud losses reached $27.3 billion last year, affecting 18 million victims. New account fraud saw the sharpest rise, with victims jumping 31% from 2024 to 2025.

The problem is that not every fraud attempt comes through your existing credit file. The Federal Reserve has flagged synthetic identity fraud as one major gap. 

This type of fraud pairs a real Social Security number (SSN) with a fabricated name and date of birth, which can bypass a freeze entirely. A freeze placed on your name does not stop a credit application filed under a name that does not yet exist on any bureau file. That is where the limits of a credit freeze become much clearer.

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YOU DON’T NEED AN SSN TO OPEN A CREDIT CARD: SCAMMERS KNOW THAT

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A credit freeze can block many new credit applications, but it cannot protect every part of your financial life. (Nastasic/Getty Images)

What a credit freeze can block

A freeze restricts access to your credit file at all major credit bureaus. Without access to that file, lenders deny the application. Most new credit applications run through that pull, which is why a freeze is the most direct way to block fraudulent ones.

The Federal Trade Commission (FTC) has logged 503,450 reports of credit card fraud in the first three quarters of 2025 alone, the most common identity theft category tracked by the agency. Credit card fraud and loan or lease fraud both run through credit bureau-based applications. Bank account takeover, employment fraud and tax refund fraud do not require a bureau pull, and a freeze does nothing for them. Freezes are placed at each bureau separately and are not shared across the three.

Why credit freeze limits matter with synthetic identity fraud

Synthetic identity fraud builds a person who doesn’t exist. A scammer takes an SSN stolen in a breach, attaches a name that has never been on a credit file, adds a fabricated birthdate and address and submits it as a new credit application. The bureaus, seeing an SSN they recognize and a name they don’t, open a fresh file under the new combination. The file is thin at first. The scammer then works it slowly with small approved cards, a line or two of credit and a few months of clean payments. By the time it looks real enough for a meaningful credit limit, the scammer maxes it and vanishes.

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By the end of 2024, U.S. lenders faced more than $3.3 billion in exposure from synthetic identity fraud, the highest level TransUnion has reported. The Federal Reserve’s most recent Risk Officer Report also found that financial institutions are seeing more virtual and synthetic identity account openings, and that detection often happens too late. 

In other words, this is exactly the kind of fraud a credit freeze may never catch. The freeze you placed on your own file never touches the application, because it isn’t filed in your name. The bureaus treat it as a separate consumer.

DON’T LET THIS CREDIT CARD FRAUD NIGHTMARE HAPPEN TO YOU

Synthetic identity fraud can pair a real Social Security number with fake personal details to create a new credit file. (Kurt “CyberGuy” Knutsson)

What credit freeze limits leave exposed

Synthetic identity fraud isn’t the only kind of fraud a freeze misses. Any fraud that doesn’t require a bureau pull bypasses it.

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  • A scammer who already has access to your existing credit card account doesn’t open a new one. They change the email on file and start charging.
  • A fraudulent tax return uses your SSN to claim your refund before you file.
  • Medical identity theft submits insurance claims under your name.
  • A 401(k) takeover can happen entirely through a recordkeeper’s call center, with no bureau pull at any step.

Why a credit freeze isn’t set and forget

A freeze only helps when it’s in place at all three bureaus and stays there. Neither is guaranteed.

You set the freeze at Equifax, Experian and TransUnion separately. A freeze at one isn’t a freeze at the others. Lenders don’t pull from all three on every application, so an unfrozen file is enough for a fraudulent application to clear.

Freezes are also meant to be lifted. The FTC says online requests take effect within a minute, and federal rules require phone requests within an hour. That’s useful when you’re applying for a card. It’s also a window if you forget to put the freeze back on.

A freeze is a point-in-time control and can’t watch your file the rest of the day.

Credit monitoring and identity theft protection services can monitor all three credit bureaus continuously and send alerts within minutes of any new account or inquiry, whether your freeze is in place or lifted. They also scan the dark web and data broker listings for SSNs and other personal data, the raw material behind synthetic identity fraud.

A credit freeze blocks many new account attempts, while identity theft protection can monitor for activity and exposed personal information that a freeze may miss. (Kurt “CyberGuy” Knutsson)

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What to do beyond a credit freeze

A credit freeze is still worth having, but it works best when you pair it with protections that watch the places a freeze cannot see.

Turn on alerts for banks, credit cards and retirement accounts

Set up text, email or app alerts for withdrawals, new logins, password changes, address changes and large purchases. These alerts can help you spot account takeovers quickly, especially if a scammer already has access to one of your existing accounts.

Check your credit reports regularly

Review your credit reports for accounts, addresses, employers or inquiries you do not recognize. A credit freeze can help block many new applications, but your reports can still show warning signs that someone is trying to use your personal information.

Use strong passwords, a password manager and two-factor authentication

Create a unique password for every important account, especially email, banking, credit card, health insurance and retirement accounts. A password manager can create and store those passwords for you. Two-factor authentication (2FA) adds another layer of protection, so a stolen password alone may not be enough for a scammer to get in.

Watch for tax and medical identity theft

A credit freeze will not stop someone from filing a tax return or insurance claim in your name. Watch for IRS notices, rejected tax filings, bills for medical care you never received or insurance explanations of benefits that do not match your records.

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HOW SCAMMERS BUILD A PROFILE ON YOU USING DATA BROKERS

Limit how much personal information is online

Data broker listings can expose your address, phone number, relatives and other details scammers use to build more convincing attacks. Some identity theft protection services scan data broker listings and dark web sources for exposed personal information, including SSNs and other details criminals can use to build synthetic identities.

How a credit freeze and identity protection work together

After you add account alerts, stronger passwords and regular credit checks, identity protection can add another layer of monitoring. A freeze blocks new credit applications at the bureau level. Identity protection watches what does not pass through those checks.

Many identity theft protection services monitor the major credit bureaus and alert you to new accounts, inquiries or changes to your file. Some also scan dark web marketplaces and data broker listings for exposed personal information, including SSNs and other details criminals can use to build synthetic identities. If fraud appears, some plans include fraud resolution support and identity theft insurance to help with eligible recovery costs.

No service can prevent every form of identity theft. A freeze and identity protection together cover what neither does on its own.

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How to check if your personal information was exposed

If you are unsure whether criminals have already exposed your information, take action now. Start with a free identity breach scan to see whether your data appears in known leaks. Early detection gives you more control and helps you respond before fraud spreads. Check whether your personal information is already being used for identity theft, fraud or appearing on the dark web. See my tips and best picks on Best Identity Theft Protection at CyberGuy.com

Kurt’s key takeaways

A credit freeze is one of the smartest moves you can make after a breach or identity theft scare. It can block many new credit applications opened in your name, but it does not protect every part of your financial life.

The biggest gap is synthetic identity fraud. Criminals can use a stolen Social Security number with a fake name or birthdate to build a new credit file that your freeze never touches. Account takeovers, tax refund fraud, medical identity theft and 401(k) scams can also happen without a credit bureau pull.

That is why a freeze should be your first layer, not your only layer. Keep freezes active at Equifax, Experian and TransUnion. Then add alerts, account monitoring, strong passwords, two-factor authentication (2FA) and identity protection that can spot activity outside your frozen credit file.

Have you ever had a credit freeze in place but still worried your identity was exposed? Let us know by writing to us at CyberGuy.com

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Nothing cancels this year’s CMF phone due to RAM prices

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Nothing cancels this year’s CMF phone due to RAM prices

Nothing’s next budget phone is the latest victim of RAMageddon. As 9to5Google reports, Nothing co-founder Akis Evangelidis announced in a post on X that a follow-up to the CMF Phone 2 Pro won’t be coming this year:

We were working on a successor but with memory prices where they are right now, we can’t build a phone that feels like a genuine step forward at a price that makes sense for CMF. As a result, we’ve decided not to launch a new CMF phone this year.

Last week, Nothing CEO and co-founder Carl Pei also said the RAM shortage has impacted the cost of the company’s mid-range phone, stating, “For Phone 4A, memory costs doubled between when we decided to build the device and when it launched. They’ve doubled again since.” According to Pei, “memory is now the most expensive component in a smartphone.” Nothing is far from the only company facing RAM pricing challenges — earlier this week, Tim Cook announced Apple will be raising prices, saying “the situation has become unsustainable.”

While there won’t be a new CMF phone this year, Evangelidis added in his post that CMF still has “several new products launching as well as some entirely new categories.” He also hinted that “the smartphone launch season at Nothing isn’t over yet.”

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China’s brain chip breakthrough raises big questions

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China’s brain chip breakthrough raises big questions

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A coin-sized brain chip in China could help people with paralysis control devices using their thoughts. China has approved a brain-computer interface called NEO for commercial medical use in certain patients with paralysis caused by spinal cord injuries. That moves brain-chip technology out of research trials and closer to real-world medical care.

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Developed by researchers at Tsinghua University and Shanghai-based Neuracle Technology, NEO sits under the skull but rests on the brain’s protective outer layer rather than piercing deep into brain tissue. That design could make it less invasive than some competing implants.

For patients who have lost movement, this kind of technology could be life-changing. It could help restore a level of independence that once felt out of reach. But here’s where we need to slow down a bit. If a brain chip can turn your brain signals into digital commands, we need to ask who controls that data and how well it is protected.

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BRAIN IMPLANT ENABLES ALS PATIENT TO COMMUNICATE USING AI

China’s NEO brain implant could help some paralysis patients control devices, like prosthetic hands, with their thoughts while raising concerns over brain data privacy. (Tsinghua University)

What is China’s NEO brain chip?

NEO is a brain-computer interface, often called a BCI. These systems read brain activity and translate it into commands for an external device. In this case, the implant uses sensors placed near the brain’s motor-control area. Those signals can help a patient operate equipment such as a robotic glove or computer interface.

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What makes NEO especially notable is its placement. Brain-computer interfaces can be designed in different ways, and some go deeper into the brain than others. The company most people know in this space is Neuralink, the brain-chip startup co-founded by Elon Musk. Its implant uses tiny threads that enter the brain’s cortex. NEO takes a less invasive approach by placing electrodes on the dura mater, which is the protective membrane around the brain.

That design matters because every brain implant carries medical risk. Surgery can cause bleeding, swelling, infection or tissue damage. Even a small complication in the wrong part of the brain can affect speech or movement.

China’s approval does not mean brain chips are suddenly available for anyone who wants one. This remains a medical device for a narrow group of patients. Right now, the focus centers on helping people with severe paralysis regain some digital or assisted movement control.

Why China’s brain chip breakthrough matters

The medical upside here is hard to deny. More than three billion people worldwide live with neurological conditions, according to the World Health Organization. That includes people dealing with stroke, epilepsy, Parkinson’s disease, spinal cord injuries and other serious conditions.

For someone who has spent years unable to move freely or communicate easily, even a small amount of restored control could feel enormous. That is why brain-computer interfaces are getting so much attention. They could give some patients a new way to interact with the world around them.

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Neuralink has already shown what that can look like in real life. Audrey Crews, a Neuralink trial participant who has been paralyzed for years, publicly shared that she wrote her name using the implant by controlling her computer.

ELON MUSK SHARES PLAN TO MASS-PRODUCE BRAIN IMPLANTS FOR PARALYSIS, NEUROLOGICAL DISEASE

How China’s brain chip compares with Neuralink

Elon Musk’s Neuralink has attracted most of the public attention in the U.S. brain-chip race. Musk has talked openly about restoring movement, helping people communicate and one day addressing vision loss.

Neuralink received approval to begin human trials, and more than 20 people have reportedly received its implant through testing. However, it has not received broad FDA approval for general commercial use.

China’s NEO approval puts a different kind of pressure on the field. It shows that China wants to move brain-computer interface technology into its health system and build a major industry around it.

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This also fits a larger pattern. China has made BCI development part of its strategic technology push. The country wants breakthroughs by 2027 and a globally competitive brain-computer interface industry by 2030.

The coin-sized NEO brain chip rests on the brain’s protective outer layer, making it less invasive than implants that pierce brain tissue. (Tsinghua University)

Why brain chip privacy is such a big concern

We already worry about phones listening, apps tracking location and smart TVs collecting viewing habits. Brain-computer interfaces take that concern to another level.

A BCI collects signals from the nervous system. Today, that may mean decoding movement intent, such as whether a patient wants to move a cursor left or right. But as the technology improves, the data could become more sensitive.

That raises some big questions. Who owns the brain data? Can it be sold, shared or used to train AI systems? Could an insurer, employer or government ever demand access? What happens if a company changes its privacy policy after the implant becomes part of someone’s daily life?

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Those questions sound dramatic until you remember how many connected devices began as conveniences and turned into data pipelines.

A brain chip designed for medical help should not become another ad platform, another surveillance tool or another database waiting to be breached.

YOUR HEALTH DATA IS BEING SOLD WITHOUT YOUR CONSENT

Could hackers target brain-computer interfaces?

This is where the whole brain-chip conversation gets very serious. Any device that connects to a computer raises security questions. A brain-computer interface raises even bigger ones because it deals with signals from your body and, in some cases, the devices that help you move or communicate.

The concern here is someone getting access to neural data, device settings or the commands moving between the implant and outside equipment. Think about that for a second. If a brain chip helps someone control a robotic hand, a wheelchair or a communication device, a security failure could affect far more than privacy. It could affect that person’s independence and safety. That to me is scary.

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Companies building these devices need to treat cybersecurity like part of the surgery, not some software update they figure out later. Encryption, strict access controls, medical-grade testing and clear update policies should be baked in from day one.

And because a brain implant may stay inside a person’s body for years, long-term support has to be part of the deal. No one should end up with an outdated implant in their head because a company moved on to the next big product launch.

What China’s brain chip means to you

For now, this technology is geared toward patients with serious medical needs. So, no, most of us are not lining up for a brain chip anytime soon. But this should still get your attention.

We already give up a lot of personal data through our phones, watches, cars and smart home devices. A brain implant takes that to a whole different level because the data comes from inside the body. That is about as personal as it gets.

Before this technology moves beyond hospitals and medical trials, patients need plain answers before they agree to anything. They should know who can access the data, how long it gets stored, whether it can be shared and whether it can help train AI systems.

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The medical potential here is incredible. Helping someone regain control or communicate again could change a life. But the privacy protections need to be just as strong as the technology itself.

NEURALINK BRAIN IMPLANT HELPS ARIZONA MAN REGAIN CONTROL OF HIS LIFE

Brain-computer interfaces, like Neuralink, pictured here, could restore independence for some patients, but experts say neural data needs strong privacy and cybersecurity protections. (Neuralink)

Watch the CyberGuy Live replay: Lock Down Your Phone in 30 Minutes

Your phone holds your email, passwords, photos, banking apps and personal data. In this free CyberGuy Live replay, Kurt the CyberGuy walks you step by step through simple phone security fixes you can do at your own pace. You’ll learn how to improve your privacy settings, spot the latest phone scams, use trusted security tools and walk away with a simple checklist to stay protected. Watch the replay and get our checklist here: CyberGuyLive.com

Kurt’s key takeaways

China’s NEO brain chip could be a huge step forward for people living with paralysis. If this technology helps someone regain control or communicate again, that is powerful. But I also think we need to be very careful here. Once a device connects your brain signals to outside technology, the privacy stakes change fast. We are talking about data tied to your nervous system. That to me is the line we need to watch closely. Brain chips could do incredible good. But companies and governments need clear limits before this technology moves any further into everyday life. The promise is real. So are the risks. And when the data comes from inside your own head, “trust us” will never be enough.

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Would you ever consider a brain implant if it could restore movement or communication, or does the privacy risk feel too personal to accept? Let us know by writing to us at CyberGuy.com.

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Copyright 2026 CyberGuy.com. All rights reserved.

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NASA selects Eric Schmidt’s rocket company for a 2028 mission to Mars

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NASA selects Eric Schmidt’s rocket company for a 2028 mission to Mars

Relativity Space, the rocket company led by former Google executive Eric Schmidt, was picked to launch NASA’s Aeolus payload to Mars in 2028, as reported earlier by TechCrunch. Under a new public-private partnership, Relativity Space will provide the “spacecraft, rocket, and cruise operations” to fly Aeolus to Mars, where the payload will “provide the first integrated, daily, global view of Martian winds, temperatures, dust, and clouds.”

The Aeolus payload will have four instruments on board for studying the Martian atmosphere, which NASA says will “directly inform entry, descent, and landing systems and support safer, more predictable mission planning for astronauts.”

Schmidt, who served as CEO of Google from 2001 to 2011, became Relativity Space’s CEO in 2025, a couple of years after it launched the “world’s first 3D-printed rocket,” Terran 1, which failed shortly after launch. Relativity Space’s larger Terran R rocket isn’t scheduled to have its first launch until later this year.

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