One of our Merchant911 members filed a fraud report that once again shows us that banks just don’t have a clue about fraud prevention. We’re not talking about a little bank here, folks. We’re talking about Washington Mutual - WaMu - one of the largest credit card issuers in the country.
The 2007 IC3 report has been released. It amounts to nothing more than an attempt to justify the existence of a Government agency.
What’s Different?
If you’ve been following the press on the recent Hannaford grocery chain’s data breach, you may have noticed something a bit different. Those differences mean that this could be the worst data breach ever in terms of financial impact on both the issuers and the card holders.
According to all the reports, it was a […]
