Gartner Analysis of Credit Card Theft

by Sabrina I. Pacifici on February 28, 2003

The Gartner Group released a news analysis on February 20, Stolen Credit Card Case Should Prompt Card Companies to Act, in reponse to the recent hacking of a database containing millions of credit card records. Their conclusion: “The theft of 8 million credit cards reveals serious flaws in card companies’ disclosure processes. Credit card issuers should improve security and notification of consumers or face onerous legislation.”
See also these two related articles from the USAToday, PNC Bank cancels check cards following hacker incident and Firms targeted by hackers keep vulnerabilities secret.

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