Roughly 35 percent of credit cardholders pay late or extended limit fee's
(U.S Government Accountablility Offices)
Monday, March 24, 2008
Minimum Payments
35 Million credit cardholders can only afford to make minimum payments on their outbalances every month
(the Federal Reserve)
(the Federal Reserve)
Sunday, March 23, 2008
Massive Data Breach
Portland Maine (March 17, 2008)
A security breach at an East Coast Supermarket chain reported they a massive data breach when a estimated 4.2 million credit debit card numbers were exposed over a several month period. So far about 1,800 cases of fraud have been reported so far relating to the breach. No personal data such as names, address or telephone numbers were divulged, just account numbers.
The U.S. Secret Services has confirmed they are investigating, but to comment on the scope of the crime
The case ranks among the largest breaches on record involving retailers, but far fewer cards were exposed than in the largest hack. Over 45 million cars were exposed by the breach at TJ Max and Marshall's that began in 2005 and was disclosed last year.
A security breach at an East Coast Supermarket chain reported they a massive data breach when a estimated 4.2 million credit debit card numbers were exposed over a several month period. So far about 1,800 cases of fraud have been reported so far relating to the breach. No personal data such as names, address or telephone numbers were divulged, just account numbers.
The U.S. Secret Services has confirmed they are investigating, but to comment on the scope of the crime
The case ranks among the largest breaches on record involving retailers, but far fewer cards were exposed than in the largest hack. Over 45 million cars were exposed by the breach at TJ Max and Marshall's that began in 2005 and was disclosed last year.
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