Michaels Confirms Breach of 2.6 Million Cards
After alerting its customers in January that its arts and crafts store chain had suffered a potential data breach, Michaels Stores Inc. confirmed last week that at least 2.6 million cards may have been affected.
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Do credit bureaus need to be held to higher levels of accountability for the massive amounts of consumer data they hold? more »
The head of an operation that allowed telemarketers to make robocalls offering credit card services, hide Caller ID information and call numbers on the National Do Not Call Registry is banned under a settlement with the federal government. more »
Scammers in Maine are calling residents and telling them they owe money to the state's Bureau of Motor Vehicles. more »
Hackers who raided the credit-card payment system of Neiman Marcus Group Ltd. belong to a sophisticated Russian syndicate that has stolen more than 160 million credit-card numbers from retailers over seven years, according to people with knowledge of the matter. more »
Online and mobile banking have forever transformed the way people bank, but the digital evolution has a dark side: it is increasingly creating new opportunities for fraudsters to hack into accounts. more »
The Federal Trade Commission renewed its call for data security legislation in testimony before the Senate Committee on Homeland Security and Governmental Affairs. more »
Cybersecurity officials are still sizing up how much truth, if any, there is in a purported hacker group's claim that it stole data on hundreds of millions of U.S. card accounts. more »
Credit Karma settled Federal Trade Commission charges that it misrepresented the security of its mobile app and thus failed to secure the transmission of millions of consumers’ sensitive personal information. more »
A Nevada judge granted class-action status this week to a lawsuit against a Tennessee-based payday lending operation accused of spamming thousands of people with unwanted text messages. more »
The tighter lending climate in the post-recession world has created new challenges for debt collectors. But those challenges can come with opportunities as the way business is done evolves. more »
FICO has announced the availability of FICO Custom Credit Education, a new credit education service designed to give consumers better access to their FICO Score and help lenders be more informative about credit scoring. more »
RealtyTrac, a company that provides housing and foreclosure data, announced Tuesday that it has entered the tax, deed and mortgage data licensing business, making it the first new entrant in the business in more than a decade. more »

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