Legal → It Is Not Over For Those Stung By Hackers Across America
In August, 2008, CNN and many other news agencies reported on the largest case of identity theft ever. More than 100million credit card numbers were stolen by an identity theft ring that hacked into the computer networks of nine national retail chains, including Barnes & Noble, TJX Cos, BJ’s Wholesale Club, and OfficeMax.
In most States, by law, when a data breach occurs, a company is required to send a letter to notify customers of their possible exposure, said Steve Ely, a divisional president for credit monitoring company Equifax Inc. In the article from CNN, Ely said companies often downplay the problem to minimize damage to their reputation. “Ninety-nine percent of the time breach letters look like a piece of junk mail, and people throw them away.”
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