More headaches and paranoia for those of us concerned about credit and identity theft:
40M credit cards hacked
Breach at third party payment processor affects 22 million Visa cards and 14 million MasterCards.
http://money.cnn.com/2005/06/17/news/master_card/index.htm?cnn=yes
When will the madness stop? Listen to this part:
"We're working with the FBI. It's a criminal investigation," Visa's Bentz said, noting that CardSystems "was out of compliance" with Visa's security standards when the breach occurred and that Visa would review whether it would continue to work with CardSystems when the case is resolved."
Continue to keep a close eye on your credit report and card statements. Notify appropriate parties the moment you suspect something wrong.
CNN actually put up a new microsite with information on identity theft. It's a nice resource with solid advice:
http://money.cnn.com/news/specials/security/
Saturday, June 18, 2005
Budgeting Babe Alert: 40M Credit Cards Hacked
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1 comments:
Good post.
More identity theft... I posted a note on my credit repair forum when CitiGroup had 3.9 million of their records stolen.
This is going to put the credit reporting system into overload. Equifax, TransUnion, and Experian are going to be deluged with panicked requested by the people they're reporting on.
If this gets any worse, people are going to blame every little problem that's on their credit reports with all of the theft that's going on.
When is this going to stop?!
CitiGroup's 3.9 million records stolen
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