Most recently, national news is reporting on a nationwide hacking of Home Depot customers. Chang’s and SUPERVALU all had their customers’ accounts hacked ( Hacker News). We all know that Target was simply the tip of an enormous iceberg.Īlbertson’s, Target, Michaels, Neiman Marcus, P.F. And again it increased to 110 million customers as reported by CNN Money on January 11th, 2014. Initially, reports stated that 40 million customers were affected, which then grew to 70 million customers. At the end of 2013, during the holiday season, Target’s security breach happened and people finally began to realize that no one’s information is safe. Recently, all national news programs have been reporting on the increasing mount of credit breaches and pay terminal hacking. However, I don’t doubt these hackers are working on finding a computer system that will determine that as well. Which raises the question–why me? Why my measly account? I guess they’ve yet to figure out which active cards belong to wealthy or low income individuals. I consider myself a peon in the realm of money since I don’t have a lot. By the way, this is the second time my bank account has been hacked in the last 3 years. Then they run up charges until the account is empty.įortunately, my bank had safeguards for such intrusions and recognized this as a hack, declining all subsequent erroneous transactions.
BANK OF AMERICA VISA CREDIT CARD HACK SERIES
When I asked her how someone could have obtained my card information, she explained that international hackers simply set up a computer system to run through a series of endless numbers until one hits as active. Although a slight inconvenience, I had no real choice in the matter.
I had to cancel that card and wait for another one to come in the mail. Someone had gone on a world-class vacation on my dime. Hotel stays in London, jewelry, airplane tickets, spa services, and so on. We first went over all of the declined charges and they were global. I was given the number to the banks fraud department and had an interesting conversation with a woman over the phone. Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.Compare Credit Cards A Stranger Was Using My Debit Card When your credit card is reissued because of a data breach, why won’t your bank tell you where the breach happened?: Money Matters So instead of beginning a “fruitless” search for what company you visited was breached, Krebs suggests customers “keep a close eye on their card statements and report any fraud” to their banks. Instead, they issue new cards based on a list of compromised account numbers provided by the card association. Krebs on Security, which covers data breaches and fraud of all kinds, notes most banks don’t even know who’s been hacked. These agreements, which are typical between credit card issuers, banks, and other companies, prohibit the disclosure of when and to whom a data breach has occurred.īut even without these agreements, the chances you’d be able to find out what previously visited merchant was breached is virtually zero. While it’s not true that no one has information on the breach - the card associations for Visa, American Express, Discover, and MasterCard know - the Plain Dealer reports there’s a reason no one is providing specific information on the breach to customers: confidentially agreements. “But, after trying to talk twice to Bank of America and also Visa, I’ve been told that no one has this information.” “So, I thought to protect myself, I would try to find out where the data compromise took place,” the reader says. Those were the questions posed to the Cleveland Plain Dealer’s Money Matters column recently by a reader who was notified by AAA Financial Services, through Bank of America, that their AAA Member Rewards Visa card was compromised at a retailer and that a new card would be issued. Instead, you’re more likely to go to your mailbox and find a vague explanation that your account may have been “compromised” without any details on how, where, or why. But when your card is being replaced because of a lower-profile cybercrime, the odds are against you ever finding out why. When a massive data breach happens at a retailer like Target or Home Depot, there’s little mystery as to why your bank is rushing you a new credit or debit card. 4.27.16 1:00 PM EDT By Ashlee Kieler Got Hacked? credit cards breach hack krebs on security finding the source retail banks new cards fraud hack attack