Sonic shares dip after fast-food chain confirms payment breach, offers identity theft protection
- Sonic confirmed Wednesday that it had been the victim of a data breach.
- The company said that credit and debit card numbers may have been acquired as part of a malware attack at some Sonic locations.
- Sonic said it will offer customers who used their cards at its locations this year 24 months of free fraud detection and identity theft protection through Experian’s IdentityWorks program.
Shares of burger chain Sonic fell nearly 2 percent on Wednesday, after the company confirmed that it had been the victim of a data breach and offered customers identity theft protection.
The company said that credit and debit card numbers may have been acquired as part of a malware attack at some Sonic locations. The company did not disclose which locations or the specific time frame of the incident.
The data breach was first reported by Krebs on Security and The Wall Street Journal last week. At that time, the Associated Press reported that the company has seen some “unusual activity” on credit cards at some (more…)
For many years, Pam Giltner and her husband refused to use credit.
As a victim of identity theft more than 20 years ago, when several retail cards were opened in her name and checks written from her account, Giltner, 69, spent years rebuilding her financial life.
When she learned that she was one of the 145 million Americans affected by the recent Equifax data breach, in which personal and financial data were accessed including Social Security numbers, dates of birth and addresses, she was cast back to the fear, frustration and anger she felt as a victim of identity fraud.
Now, she has trouble sleeping at night.
“It’s the fear of losing money,” says Giltner, a retired registered nurse in Albia, Iowa. “And the fear I might have to go through this all over again.”
That’s why she was crying in her banker’s office. She hadn’t lost any money yet, but she was afraid she might.
“We don’t have a lot of money,” she said, which is why she went in to ask about protecting her savings account. Her 50th wedding anniversary is coming up and (more…)
We’re All At Risk
In today’s interconnected and automated world, Americans are at an increased risk for identity theft simply from the number of transactions that take place – many of which you never see and only briefly review, if you ever review them at all.
Thanks to the recent massive data breach at Equifax, Americans are at greater risk than ever before. The volume of exposed information makes it more likely that crooks will be able to open fraudulent new accounts in your name and drain your existing ones. Outside protection services can help, but nothing is 100% guaranteed – therefore it’s important that you keep a close eye on all of your accounts and look for anything unusual.
Credit, Financial, and Medical
Common red flags indicating fraud include:
- Statement for credit accounts you didn’t open
- Credit report errors
- Collection notices for unfamiliar credit accounts or medical bills
- Increase in your credit card APR
- Denials of loans or other lines of credit
- Bills for items or services that you didn’t purchase or insurance
- Explanations of Benefits (EOB) for medical procedures that you didn’t receive
- Unusual health-related communications (notices from doctors or treatment centers that you don’t recognize (more…)
Credit firms skip hearing on identity theft, data breach
SEPTEMBER 28, 2017 3:18 PM
Vowing aggressive action in response to the massive Equifax data breach, a panel of New York lawmakers gathered Thursday to hear from consumer advocates and financial services firms alike about the best ways to safeguard sensitive information and prevent cyberattacks.
Equifax and the two other major credit monitoring firms didn’t show up.
The companies’ decision not to attend irked lawmakers, who said they’ll push ahead with plans for tougher regulations on credit monitoring firms following a cyberattack on Equifax that exposed sensitive information belonging to 143 million Americans, including 8 million New Yorkers.
“I see that as a real slap in the face to the 20 million residents who call New York home,” Sen. David Carlucci, a Rockland County Democrat, said of the companies’ decision to decline the invitation to appear. “We want answers. We want to find out what happened.”
In response, Equifax spokeswoman Marisa Salcines said that while her company “respectfully declined” to attend the hearing, “we are actively engaging with and being responsive to state and federal regulators, agencies and legislators and will continue to do so going forward.”
Messages left with the other two companies were (more…)
LOS ANGELES — Americans have been scrambling for weeks toafter Equifax revealed it had been hacked, leaving 143 million vulnerable to identity theft.
So, what happens if thieves get hold of your personal information?
IT specialist Art Damiao’s nightmare began when a hacker called him after breaking into his personal email.
“He said, ‘I am the hacker that’s in control of your email right now,'” 36-year-old Damiao told CBS News correspondent Anna Werner. “He said, ‘I have all your information,’ and I said, ‘OK, what’s my Social Security?'”
“He started reading it back to be,” Damiao said.
“And he was correct?” Werner asked.
“I didn’t let him finish,” Damiao said.
Damiao hung up, but the high-tech intruder then called again, leaving a voicemail message demanding ransom.
“Hello Mr. Damiao, you will not get your email address back, you will need to contact me and give me the amount of $300 via bitcoin,” the message said. “I also have your Social Security number, your driver’s license number, front and back. I can basically pretend to be you right now. I am you.”
“I was terrified,” Damiao said. (more…)
Targeted by Identity Thieves? Here Are 8 Red Flags to Look Out For
Identity theft is the fastest growing crime in the U.S. Luckily, there are steps you can take to head off some of this fraudulent activity. Stay alert, check your credit report often, and thwart thieves early to minimize damage and avert disaster. Here are eight red flags to look out for to help you avoid identity theft.
1. YOUR BANK ACCOUNT HAS UNKNOWN CHARGES.
If you don’t recognize charges or withdrawals, someone may have stolen your account info. Even if you only notice a very small amount of difference, call your bank immediately and tell them you suspect your account has been compromised.
Someone may have changed the contact information on your accounts or filed a change of address with the postal service, which would keep you in the dark on your statements. Visit your accounts’ web pages often to stay up-to-date on charges. Keep your mailing address current and shred all of your mail.
I want to take this space to explain a little more about the various steps one can take to guard against theft of your money or identity, because it’s been in the news so much lately, and I know it can all be confusing.
First, what are we afraid of here? Three things:
1) A thief uses your existing credit card numbers to buy things.
2) Someone impersonates you and opens up new credit accounts or takes out loans in your name.
3) Someone uses your personal information to file a tax return and claim a refund.
In some ways, straightforward credit card fraud is the least frightening. That’s because the credit card companies have gotten very good at flagging charges that are out of the ordinary in any way, and those charges can be reversed when you respond quickly. When I bought gas on a recent trip to New Jersey, the credit card company wanted to make sure it was really me, because I lived in Brooklyn and don’t own a car. It’s also important to look at your own statements each month for charges you don’t recognize, even tiny ones.
The second possibility (more…)
Should you worry about identity theft?
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Earlier this month, US-based credit information company Equifax Inc. said its systems had been struck by a cybersecurity incident that may have affected about 143 million US consumers. A report by Bloomberg said the incident could be ranked among one of the largest data breaches in history. The intruders accessed names, social security numbers, birth dates, addresses, driver’s licence numbers and also credit card numbers, Equifax said in a statement.
While this reiterates what cyber security professionals say, that nothing is hack proof, it does remind us of the range of cyber crimes, which revolve around identity theft and frauds. It gives us a chance to reflect upon how well prepared we are, if a cyber attack strikes us, or if our personally (more…)