12 March 2010

My Credit Card Cancelled

Earlier today I was surprised to receive an automated telephone call informing me my credit card had been cancelled due to potential fraud.

When I later phoned customer service I was informed that one of the stores I shopped at had been hacked; as a precaution my credit card was cancelled even though there didn't appear to be any fraudulent charges.

My only worry right now is that some of my bills are paid via automatic charges to my now cancelled credit card. I hope I receive my new card before any of those bills come due.

I also wish they would tell me which store had been hacked. I asked, but apparently that information is considered confidential. Go figure. I guess they're worried that if customers were told then vendors would be less likely to report problems such as this for fear of losing business.

Today's incident felt slightly surreal through out because just this morning I read an article on cbc.ca regarding the vast majority of retailers failing to wipe debit card, credit card, and PIN numbers from their point-of-sale terminals, as they are supposed to do.

Thieves skim customer data from debit terminals

Merchants not vigilant about wiping point-of-sale machines clean

"[...] Thieves are accessing personal financial information using the old-fashioned smash-and-grab method, but what they're grabbing are point-of-sale terminals, not merchandise.

CBC-TV's Marketplace has learned that many retailers are not helping the situation because they leave valuable information on the terminals where customers swipe their debit and credit cards when paying for purchases instead of wiping the data each night as they're supposed to.

It's the equivalent of leaving the store vault open and full of cash, except the cash is credit and debit card data, said RCMP Det. John Koppes of Abbotsford, B.C., who is the Mounties' computer crime specialist. [...]" --Read more at cbc.ca

No comments: