JPMorgan Says Data Breach Affected 76 Million HHs

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lobbythis
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JPMorgan Says Data Breach Affected 76 Million HHs

Postby lobbythis » Thu Oct 02, 2014 9:31 pm



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djrez4
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Postby djrez4 » Thu Oct 02, 2014 9:54 pm

Yeah, awesome.
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AMEXPlatino86
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Postby AMEXPlatino86 » Thu Oct 02, 2014 10:51 pm

You really have to be kidding me. Seems like this is something that is not going to stop.
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My credit score :cool:
EQ: unknown
EX: 762
TU: 752

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lobbythis
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Postby lobbythis » Thu Oct 02, 2014 10:58 pm

It said they disclosed the breach in the past, but I'm so lost because so many companies have been broken into this year. I definitely don't remember that 76 million number, so I thought I'd share.

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djrez4
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Postby djrez4 » Thu Oct 02, 2014 10:59 pm

You're right. It's not going to stop so long as we continue to store data in aggregate.

Perhaps if we distributed data storage... If consumer data isn't stored in a single place with (relatively) easy access, if it took 76 million separate hacks on 76 million separate devices to collect 76 million accounts, maybe that would stop the criminals. How many gigs would individuals need to store their own data?
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AMEXPlatino86
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Postby AMEXPlatino86 » Thu Oct 02, 2014 11:21 pm

Who knows. I bank through Chase and recently got a credit card through them. I've dodged a lot of the breaches till now. If anything these companies really need to step up their security.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
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My credit score :cool:
EQ: unknown
EX: 762
TU: 752

MemberSince99
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Postby MemberSince99 » Fri Oct 03, 2014 10:39 am

I think in this case the way our system is kind of screws us. American corporations are pretty much required to worry about making quarterly numbers, every quarter, to keep the big investors happy. Spending money on security type things counts against making these number, thus making executives very reluctant to do it - "What spend 10 million to prevent a MAYBE problem are you nuts we'll miss our numbers by 3 cents a share and the stock will crash and my bonus is out the window!".


What they fail to realize is how much NOT doing it is costing them. Even if you make that argument and prove your point, they are still reluctant because the American system focuses on quarterly results to the exclusion of nearly everything else including the long term. No one cares about 5 years or even a year down the road because they have to make their numbers for this quarter, and they probably won't be in the same job then anyway.


That's how this really hurts our system as it's not designed to worry or care about long term goals just the short term. There are many ways we SHOULD be ramping up security but we aren't. Look at how long it's taken the US to go to chip and signature, and consider how we should be using chip and PIN, for just one example.


I've personally wondered how the banks can be so blase about fraud when it costs them money but they must feel it's cheaper to eat some of that than to prevent it in the first place. I'm not so sure about that, but even if it is I'd still want to prevent it just on principle.

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otter
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Postby otter » Fri Oct 03, 2014 1:17 pm

That's probably the one advantage of being a Credit One/Fingerhut/First Premier customer. Sure, their networks are just as vulnerable to a breech, but would anyone bother to hack into them ("Hey, I think I'll hack into First Premier's website so I can steal the identity of a bunch of people with 500 credit scores"). Chase, Amex, etc are the crown jewel- prime customers with prime credit and more assets.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

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Postby dragon452 » Fri Oct 03, 2014 6:47 pm

Membersince99 is correct: and the FIRST THING YOU HEAR when you speak to the Fraud Dept. customer service rep. in India or Pakistan or the Phillipines, or the planet Mars is this: "not to worry, you have zero liability for unauthorized charges if you report them to us 60 days after you receive your statement". So this makes all the theft from your account allright, not to be worried about? The fact that the crooks haven't stolen from you YET doesn't mean you can forget about it and not worry (especially the folks who check their credit card and bank statements like twice a year). Getting your name, address, telephone number and SS# is childsplay to the hackers nowadays, and when they steal your identity, you'll go through hell trying to straighten things out. Go to the bank website, sign in, and check your credit card activities often.

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lobbythis
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Postby lobbythis » Fri Oct 03, 2014 9:35 pm

dragon452 wrote:Go to the bank website, sign in, and check your credit card activities often.


At least twice daily for me. Had two issues pending this week. One resolved and currently waiting on the other. Stupid bullsh!t. Can't trust any place I swipe.



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