Wednesday, March 8, 2006

Massive Credit Card Breach - The Plot Thickens

Issue 1 - On Feb 10th, I blogged about a massive credit card security breach. At the time, little was known about the issue. VISA, MasterCard and several banks confirmed that a security breach at a US retailer was to blame. The name "OfficeMax" was thrown around. The FBI and the USSS were looking into the issue.

Issue 2 - In early March, people started to see issues with Citibank ATM cards in Canada, UK and Russia. At the time, they were told it was due to a possible security breach...nothing more. Citibank later issued a statement.

Two separate issues? Maybe not.

MSNBC.com - "Financial institutions around the country continue to issue warnings, the most recent this week by Citibank, which said it had spotted fraudulent withdrawals from U.S. accounts made in Canada, the United Kingdom and Russia.In each case, the banks have blamed a third-party company — in some cases, more specifically identified as a merchant or retailer. Speculation has been rampant that the source of the stolen data is office supply store OfficeMax, starting with an article last month in the San Francisco Chronicle indicating 200,000 account numbers had been stolen from the firm. OfficeMax denies it's to blame."

I guess we don't know anything for sure until the FBI and the USSS are finished with the issue.

Ohh...by the way an undisclosed number of Verizon employees at now at risk of identity theft.

As a friend once said in a very good book.

You have money in the bank if a computer says so. Your blood type is what the computer says it is. You are who the computer says you are.

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