Citigroup Hacking: Not Much You Can Do If You’ve Been a Victim?

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Citigroup has admitted that $2.7 million has been stolen from 3,400 consumers after hackers compromised credit card information belonging to over 360,000 accounts. Their only mistake, according to The Huffington Post, was entrusting the bank with their data. The article here says “by no fault of their own, consumers that entrust companies with their personal information — something that has essentially become mandatory in a day and age where every click, swipe, note, and check can be immediately and cheaply stored on servers — are being put at risk for theft and fraud because corporations can’t defend themselves against hackers aiming to pilfer vast troves of data consisting of names, email addresses, credit card numbers, and more.”

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Elaine Rigoli

Elaine Rigoli is PRIVATE WiFi’s manager of digital content strategy.