Hard News by Russell Brown


A bigger breach?

This morning's Twitter buzz around the troubling theft of credit card information received by Auckland City Council carpark pay machines seems to have turned up quite a bit of anecdata around mysteriously cancelled credit cards.

I'm one of the people who's had a longstanding GE Credit card (with a zero balance) suspended recently (this obviously, isn't the Business Mastecard I've often used to pay for council parking over the past few years). There's quite probably a rational explanation around credit control in a recession for that, but a few other people have had bank credit cards unexpectedly cancelled.

Ben Gracewood, who's no mug, has suggested that there might be a much larger breach or series of breaches that the banks aren't talking about yet.

It seems worth discussing. Has anyone else had a card unexpectedly cancelled? Or can comment usefully on the issue?

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