45.7 million credit and debit card numbers stolen

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Posted: Fri Mar 30, 2007 6:49 am

You can read the article here

This is huge Shocked

Posted: Fri Mar 30, 2007 12:29 pm

Wow!

Something tells me we're in for lots of computer related surprises in the future. Not just with CCs, but in all areas, financial, non-financial, private, business, government, etc., etc

I wish the people responsible for sensitive or important data would realize what can happen if and when they're compromised. Confused

Posted: Fri Mar 30, 2007 12:44 pm

Wow! There's a lot of CC changes, debit changes, etc, coming along...

45.7 million!

Posted: Fri Mar 30, 2007 1:08 pm

It's like one of the UK banks who had lots of their clients account details on an unsecured laptop that then got stolen. These companies should get done for negligence.

Posted: Fri Mar 30, 2007 1:51 pm

Wasn't the same bank later told off for throwing customer account information away without shredding it? You think they would learn after the first mistake.

The report on the news this morning about the TJ Maxx problem said that the data dated back as far as 2003. Thats over 3 years worth of accounts they robbed Evil or Very Mad

Hopefully this will have a knock on effect and cause over large companies to tighten their security.

Posted: Fri Mar 30, 2007 1:53 pm

well the bank with the laptop was dunno about the shredding but I could quite believe it.

Posted: Fri Mar 30, 2007 2:27 pm

The question in my mind is why TJX was retaining those credit card numbers, in some cases years after the transaction.
Had they used some reasonable data retention policy, this problem would have been greatly reduced.
Bruin

Posted: Fri Mar 30, 2007 4:17 pm

Aren't they required by law to retain all transactional information for 15 years? This is to allow archived accounts to be verified at a later date.

Posted: Fri Mar 30, 2007 4:39 pm

A friend of mine had travelled to Washington DC with me and a group of other people early this week. She tried to get some cash from an ATM and her card was denied. Due to the theft mentioned here, her bank shut down her account. She was in one of the most expensive places in America with no access to cash. Her bank said she had to come to the bank, fill out ANOTHER application, and they would get another card for her. She was not happy.......

Posted: Fri Mar 30, 2007 4:48 pm

zombie wrote:

Wasn't the same bank later told off for throwing customer account information away without shredding it? ...

That happened in Quincy, MA (USA) about two years ago:

http://ledger.southofboston.com/articles/2005/04/16/news/news01.txt

Hmmm, Quincy isn't very far away from Framingham (where TJX is located).

Posted: Fri Mar 30, 2007 6:19 pm

You would not believe how easy this is.

I work for an EPOS company (we do tills and stuff) and we use 3rd party software supplied by the banks for processing credit cards.

All the credit card numbers are stored in a simple SQL database which as we also use an SQL database I can access easily.

If I was so inclined it would take me all of 20 minutes to get every single credit card number used in over 200 stores througout Ireland for the last couple of years.

The banks software is a complete joke and the stupid thing is that they think that Chip & Pin is going to solve everything. Credit card fraud is a multi-million dollar industry and the lads who do it are not going to simply give up because the bank came up with a new idea.

Banks - the less you have to do with them the better

Posted: Fri Mar 30, 2007 6:44 pm

Keep your cash here instead.

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