Identity Theft Prevention and Education Institute™: 130 Million credit cards stolen in hack.

Identity Theft Prevention and Education Institute™

The ID Theft Prevention Institute is a professional center for the development of policies at the federal, state, local, & corporate levels that will better protect globally against identity threats. The Institute develops innovative tools for educating employers and employees on safe handling of sensitive information. Research partially funded by NSF and Iowa State University Information Assurance Center. Co-Directors Dr. Steffen Schmidt and Michael McCoy

Monday, August 17, 2009

130 Million credit cards stolen in hack.

Here is the follow up to our story about a major credit card hack.

"Federal prosecutors announced on Monday what they said was the largest computer hacking and identity theft case ever, a scheme in which more than 130 million credit and debit card numbers were stolen."

Albert Gonzalez, 28, of Miami, and two unnamed Russian co-conspirators targeted large corporations. They scanned the list of Fortune 500 companies and explored corporate websites then found their vulnerabilities to carry out the scheme.

So what are WE the consumers supposed to do!? It was not us who were sloppy it was a bunch of over paid corporate suits! *&^%$#@!(*& that's how mad we should be.

Labels: 130 million credit cards stolen, id theft hack