MoneyGram Says Hackers Stole Customers' Personal Information, Transaction Data (techcrunch.com) 6
An anonymous reader quotes a report from TechCrunch: U.S. money transfer giant MoneyGram has confirmed that hackers stole its customers' personal information and transaction data during a cyberattack last month. The company said in a statement Monday that an unauthorized third party "accessed and acquired" customer data during the cyberattack on September 20. The cyberattack -- the nature of which remains unknown -- sparked a week-long outage that resulted in the company's website and app falling offline. MoneyGram says it serves over 50 million people in more than 200 countries and territories each year.
The stolen customer data includes names, phone numbers, postal and email addresses, dates of birth, and national identification numbers. The data also includes a "limited number" of Social Security numbers and government identification documents, such as driver's licenses and other documents that contain personal information, like utility bills and bank account numbers. MoneyGram said the types of stolen data will vary by individual. MoneyGram said that the stolen data also included transaction information, such as dates and amounts of transactions, and, "for a limited number of consumers, criminal investigation information (such as fraud)."
The stolen customer data includes names, phone numbers, postal and email addresses, dates of birth, and national identification numbers. The data also includes a "limited number" of Social Security numbers and government identification documents, such as driver's licenses and other documents that contain personal information, like utility bills and bank account numbers. MoneyGram said the types of stolen data will vary by individual. MoneyGram said that the stolen data also included transaction information, such as dates and amounts of transactions, and, "for a limited number of consumers, criminal investigation information (such as fraud)."
Sheep in Wolf's Clothing (Score:2)
Before entrusting money (or personal information) to a website, people might check to see if the entity behind the website is regulated by any credible government agency. Most are not, many (or most?) have been thrown together by a few tech-bros with the goal of turning a quick profit. They lack any regulatory oversight and likely dispense with the parts of their plan that isn't immediately profitable, like strong security. User privacy is a commodity, another way to make money, not a corporate sacred tenet
Re: (Score:1)
Before entrusting money (or personal information) to a website, people might check to see if the entity behind the website is regulated by any credible government agency. Most are not, many (or most?) have been thrown together by a few tech-bros with the goal of turning a quick profit. They lack any regulatory oversight and likely dispense with the parts of their plan that isn't immediately profitable, like strong security. User privacy is a commodity, another way to make money, not a corporate sacred tenet.
What are you talking about? MoneyGram is a massive company and heavily regulated. It is owned by a private equity firm, not "a few tech-bros", although I'd probably prefer the tech bros.
Read the fine print, people!
Read something.
This is why ... (Score:2)
And? Who goes to prison? (Score:3)
Well, as long as IT-based companies are not held to task, this crap will continue.
will keep happening (Score:3)
Until legislation is passed that provides steep fines and jail time for allowing millions of Americans' financial, health, and personal information to be stolen, it will just keep happening every month to millions of Americans.
It took us decades to get seat belts and other basic safety practices adopted. Let's not drag our feet on digital safety.