Another day, another breach. Yesterday Citigroup was yet one more company that disclosed thieves had accessed private data: Statement From Citigroup, Inc.: During routine monitoring, we recently discovered unauthorized access to Citi’s Account Online. A limited number – roughly one percent – of Citi North America bankcard customers’ account information (such as name, account number [...]
In follow up to yesterday’s post about the Sony PlayStation Network outage due to cyber criminal activity, analysts are now estimating that the breach could cost credit card lenders upwards of $300 million. Analysts have previously estimated that the incident could cost Sony more than $1.5 billion, but this is the first time they have [...]