In the annals of what I like to call “Dear John Data Loss Letters,” this one takes the cake. “Experian North America today announced that one of its business units, notably not its consumer credit bureau, experienced an unauthorized acquisition of information from a server that contained data on behalf [Keep reading]
I hate when Gotcha Capitalism wins, and you do too. But it happens all the time, because markets fail, and when they do bad operators win, and companies trying to be honest are penalized. That’s not a free market, that’s a free-for-all market. It’s terrible for everyone — consumers, businesses, [Keep reading]
Credit cards with magnetic stripes are being eliminated in favor of cards with fraud-fighting computer chips. Here are all the details you need to know as a cardholder. Why is Oct. 1 important? Banks and merchants have been inching toward the magnetic-to-chip transition for a long time. New rules take [Keep reading]
Bob Sullivan