Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Credit card companies don't have to disclose data security breaches

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September 25, 2005

Credit card companies don't have to disclose data security breaches

I bet, you are going to love this one. You own a credit card and you think that your privacy and personal information are protected. At the very least, if someone breaks into databases where credit card issuers and banks store pretty much everything about you, you would get immediately notified. Not so, according to a certain judge.

"Credit card companies don't have to notify customers their personal information has been stolen, a California Judge ruled today."

San Francisco Superior Court Judge, Mr. Richard Kramer doesn't think that a theft of the personal financial data, like the one that happened in CardSystems credit card security breach, "is an immediate threat of irreparable injury" to you or me or other consumers.

Read the entire credit card ruling story ...

Posted in Credit Cards at September 25, 2005 04:16 PM

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