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GM MasterCard Data May Have Been Breeched |
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April 14, 2005
The theft is thought to have taken place more than a month ago and may have involved other credit-card issuers as well. Only California requires financial and database firms to notify consumers when their data is stolen, although Congress is holding hearings on the issue this week. Visa USA Inc. said in a statement that it was aware of the incident and said it is working to "monitor and prevent card-related theft." HSBC said it was sending letters to 180,000 holders of cards branded by MasterCard and GM. The British bank manages more than six million GM-MasterCard branded cards in circulation. Report Your Experience
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