Citibank: Hack Attack Twice as Big as We Thought
More than 360,000 Citibank customers had their private information hacked last month, nearly double the company’s original estimate, according to a press release issued by the bank on Wednesday.
The hackers accessed customers’ names, account numbers and email addresses. They did not get to see other information especially useful for committing fraud, including Social Security numbers, dates of birth, card security codes and expiration dates, according to the bank.
The attack affected Citi’s Account Online system, but not the company’s main transaction processing network. The com
Credit card delinquencies for the nation’s top six lenders fell to their lowest rates since the recent credit crunch hit, according to a report from The Associated Press. This was particularly the case for American Express, typically the card issuer with the best delinquency rate, which saw late payments fall to just 1.6 percent. JPMorgan Chase saw payments that were 30 days or more behind fellto 2.66 percent, the lowest rate seen since 2006. Similarly, Discover’s 2.88 percent delinquency was the best rate it has seen in more than four years.
Credit Card Question: I applied for a credit card after I received a letter that said I was pre-approved. I got turned down for the card. How can that happen if I’m already approved for it? —Jamie
Today on Talk Credit Radio: Friday, June 17, 2011
For those of you who enjoy financial tips, this week’s round-up is just for you! If you’re a student, traveler or rule breaker—you’ll want to keep reading. Did you know that riding a motorcycle to the bank to pay off your debt could get you two strikes on your credit score? As always, if you enjoy any of our favorite bloggers, we encourage you to follow them on Twitter for regular updates. And don’t forget to follow Credit.com at @CreditExperts too!
Today’s top news headlines feature the top financial concerns weighing on many Americans’ minds and the impact of the most recent string of natural disasters on the insurance industry. Plus, find out why many high school students are being forced to miss out on their proms.