data theft

On Tuesday morning, my wife and I discovered our Chase Bank account had been hacked. By that afternoon, I realized we were part of something much bigger. But even a data breach that affected up to 1.5 million accounts is only the tip of the bank fraud iceberg.

An unusual investigation of non-bank automated teller machines in Massachusetts has found more than 300 ATMs operating without a license, and another 101 legal ones doing business despite various violations among their owners. Non-bank ATMs are typically located in convenience stores, service...

McDonald's is warning its customers of the theft of a database containing information on those who signed up for promotions, such as its Monopoly game. The data breach makes those customers vulnerable to phishing attacks and other scams and identity theft. A similar warning also was issued by...

Bank of America Corp (BAC) will offer free services and reimbursement for losses to as many as 17 million consumers to settle allegations of data theft related to its Countrywide Financial mortgage unit. The accord settles more than 30 lawsuits filed since Aug. 2008, The Los Angeles Times...

A Maryland payment processing company agreed to pay a $20,000 fine to the state attorney general's office to settle allegations it did not properly dispose of customer records and instead tossed them in a Dumpster. The settlement is with Map LLC, which formerly did business as Mid Atlantic...

Experts say that there were a record number of data security breaches in 2007, and the problem is only expected to get worse in the coming year. It's estimated that between 79 million and 162 million consumer records were compromised during 2007. Professional hackers and teenagers with too much...