40 Million Credit Card Numbers Stolen Ė Failure To Encrypt

Written by Richard A. Chapo


Continued from page 1

Which Credit Cards?

The incompetence of CardSystems Solutions will have an impact on every major credit card group. Estimated numbers range from about 20 million Visa cards exposed to 14 million MasterCard credit cards. As many as 4 million American Express and Discover accounts were also put onrepparttar sacrificial altar by CardSystems.

What You Should Do

You should review all charges on credit card statements overrepparttar 144266 next 12 months. Contrary to popular belief, hackers typically will not go out and charge up thousands of dollars onrepparttar 144267 card. Instead, you should look for small charges of $10 to $20 from companies with bland names. Hackers know that many people will not call to reverse a small charge. Donít be lazy! Closely inspect your statement and contest any charges that arenít familiar.

Closing

How big is this hack? There are approximately 300 million people inrepparttar 144268 United States. 40 million accounts equates to 1 in every 7.5 people. Yes, people carry multiple credit cards, but it is still a huge number. CardSystems Solutions should pay a heavy price for its incompetence. Frankly, it should be liquidated. There is little doubtrepparttar 144269 major credit card companies will take action.

Richard A. Chapo is a San Diego Business Lawyer with SanDiegoBusinessLawFirm.com - This article is for information purposes only. Nothing in this article is intended to address the readerís specific situation nor does it create an attorney-client relationship.


California Financial Privacy Law Partially Invalidated

Written by Richard A. Chapo


Continued from page 1

The case will be returned to Judge Morrison inrepparttar next 60 days. He will then determine whether any other provisions dealing withrepparttar 144265 sale of personal financial information are still enforceable. Givenrepparttar 144266 appellate ruling, it is difficult to imagine a ruling upholding this section ofrepparttar 144267 California law.

Notwithstanding these developments, approximately seventy percent ofrepparttar 144268 California privacy law is still enforceable. Financial institution still must get permission from customers prior to selling or sharing your information with third parties.

You should be concerned about financial institutions selling your private information to others. With allrepparttar 144269 incidents of identity theft inrepparttar 144270 news, chances are you will eventually become a target. Banks should be focusing on protecting their customers, not making a buck off private information.

Richard A. Chapo is a San Diego Business Lawyer with SanDiegoBusinessLawFirm.com - This article is for information purposes only. Nothing in this article is intended to address the readerís specific situation nor does it create an attorney-client relationship.


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