As featured in The Wall Street Journal, Money Magazine, and more!
     

Was Your Credit Card Number Stolen in February?

This article was written by in Uncategorized. 2 comments.


If you have ever been a customer of Hotels.com, this might affect you. Credit card numbers and names of 243,000 of the company’s customers were on a laptop computer stolen from an Ernst & Young employee in February. They only began notifying customers last week as until recently, the companies didn’t know what was contained on the hard drive.

The computer was password-protected, so maybe none of the data has been accessed. Nevertheless, it’s a good reason to check your most recent credit report from annualcreditreport.com, the only official free annual credit report provider.

If Hotels.com or Ernst & Young reported the stolen data to its customers immediately after the incident, the street value of that computer would increase and the perpetrator would have an incentive for paying an expert to recover the data. Chances are the person who stole the computer did not know what was on it, and by now, this particular laptop will never be found or identified.

The other possible situation is that the hard drive was cracked right away and thousands of customers have been defrauded.

News media love these stories because “identity fraud” is a big ratings driver. It’s not as bad as a problem as most people would like the population to believe, but it’s good to know what you do to deal with the situation. Keep copies of the fronts and backs of your cards and anything else you carry in your wallet, and check your credit reports for fraudulent activity when you qualify for a free report or when your application for a credit card, a loan, or a lease is rejected.

Trying to prevent identity theft by never performing a transaction online is ridiculous; an encrypted internet connection is more secure than buying a product over the phone with a credit card, giving your credit card to a waiter or a gas attendant who disappears with it and returns later, or using your debit card at an ATM.

Updated July 16, 2010 and originally published June 2, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
avatar
Points: ♦127,373
Rank: Platinum
About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 2 comments… read them below or add one }

avatar John Koontz

I recently received notification that my personal information was on a stolen laptop. The firm offered to pay for a years worth of credit watch, which I gladly accepted. But my concern is that the crook probably knows everyone is watching their credit for one year for free. So now all he/she has to do is sit on the information for a year until people start to let their guard down. Now I feel I must keep paying for the credit watch after the year is over.

Reply to this comment

avatar Investorial

I’m glad you did a balanced piece on this instance, not that identity theft is not a serious issue.

You are right about “new media” jumping on identity theft involving corporate laptops. The last one in memory was the Fidelity / HP incident.

Reply to this comment

Leave a Comment

Connect with Facebook

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.

Notify me of followup comments via e-mail. You can also subscribe without commenting.

Previous post:

Next post: