Fergie's Tech Blog

Citibank Lets Data Leak Speculation Run Wild

Carlo writes over on techdirt.com:

If there's anything worse than the stupidity that leads to many data leaks, it's the idiocy of responses to them. Companies play down their severity and aren't forthcoming at all with details, and consumers are left with basically no recourse at all. That's assuming, of course, that the company that lost your data even notifies you, since a judge helpfully told Visa and Mastercard they didn't need to bother, since there was no "immediate threat of irreparable harm".

Citibank's taking this to an extreme, as blogs spread the word of some strange security-related goings-on at the bank. It's pretty unclear exactly what's happening -- and that's the problem. There are some accounts that only people that try to use their Citibank ATM cards in the UK, Canada or Russia run into problems, while others are raising the possibility of a class break -- a massive breach of a bank's network.

posted by Fergie @ 3/06/2006 12:20:00 PM