- Former Chase banker headed to prison for selling customer info by MPA Mag. If only we started seeing similar sentences for data breaches due to negligence.
- Confirmed: 15k Bonus Points With Four Seasons Gift Cards by Monkey Miles. In my experience this always works as long as you can purchase the gift cards at a hotels front desk as the payment system is the same for gift cards/check out.
- FREE Hellman’s Real Mayo AND Ketchup at Walmart! by Passionate Penny Pincher. Low hanging fruit, but I know some of you will be at Walmart anyway and free is free right?
- FBI Warns of ‘Unlimited’ ATM Cashout Blitz by Krebs On Security. Big if true/successful.
Deals expiring at the end of today (view the full deal calendar here):
- PPBDC: Spend $50 & Get $10 Back (Up To $30 Back)
- [YMMV] IHG Offer: Triple Points On Stays + 2,000 Points Per Kimpton Stay Or Fast Track To Elite Status
- [Fort Worth, TX Only] First Financial Bank $400 Checking Bonus
- Paypal Business Debit Card $30 Cashback with $150 in Purchases [Targeted]
- M&T Bank $150/$200 Checking Bonus – Available Online [CT, DC, DE, MD, NJ, NY, PA, VA, WV]
- [CA only] Fremont Bank $150-$500 Checking Promotion, Direct Deposit Not Required
- Smart & Final: Purchase $50 In Select Giftcards & Get $10 Off Your Next Order (8/1 till 8/15)
- Stater Bros: Purchase $50 In Giftcards & $10 In Groceries & Get $10 Off Instantly (8/1 till 8/15)
- [WA, CA, OR, ID, HI] HomeStreet Bank $300 Checking Bonus
Deals expiring at end of tomorrow:
Btw
What’s going on with Equifax breach?
Still holding my breath on that action against corproste greed and negligence, Elizabeth Warren.
every body got fd over on that one. Let’s hope we get our $19.34 within the next 3 years eh
Cosmos bank was the one hit – $13.5m
I know HSBC is doing it. Take your action, FBI.
HSBC is scum of the earth.
Only bank account application I’ve ever been denied for. And this after an exhaustive effort on my part to get it opened , no other account has asked nearly that many questions to get one opened. I blame myself for even attempting for it but they are unethical.
HSBC is a disgrace.
It is not really a bad thing for banks to have them get breached or compromised. Most depositors are safe up to the FDIC insured amount. However, disasters like the compromising of ATMs and consumer data forces banks to upgrade their security which is good in the long term. Think of it as a nudge.
An individual account is not the main concern with data breaches. You can’t unspill the beans. Once your personal information has been stolen, it could be many years or decades down the road before it is used/sold/traded. To my knowledge, FDIC insurance doesn’t cover legal fees and other costs associated with cleaning up the mess created by a stolen identity. It’s laughable when breached companies offer 1-3 years of identity “protection” or credit monitoring when it could be anytime during your lifetime, and maybe even beyond the grave, when the true impact of a data breach is felt.
But yes, security is improved by bad actors, nefarious hackers, and crackers that get through. What a great bunch of individuals to help society out, while seeking monetary gains by any means necessary.
Correct, the only purpose of FDIC insurance is to prevent a repeat of the Great Depression ‘run on the bank’s. Banks don’t hold enough reserve funds to pay back everyone’s deposits simultaneously. If enough people demand it at once because they’re concerned the bank is going to fail soon, that can make a bank fail that otherwise might not have. So the FDIC insurance convinces enough people that they’ll get their money even if the bank does fail, so people don’t drive the bank into premature failure. It has nothing to do with data breaches, identity theft, fraud on your account, etc.
This only works here in America. In some other countries, the protections, especially for debit cards, are much less stringent.
Could just imagine some college kid goes to pull his last $200 from the ATM, accidentally hits $2,000 and it works because the hackers hit right at that moment. Checks his account balance and sees like $4m
That Chase banker wasn’t just selling customer information, he was also committing identity theft himself.