Citigroup Hacked…. 200,000 Accounts Exposed… And There’s More…..

If you’re a Citigroup customer, you might have a reason to worry. You see Citigroup was the victim of a hack:

Citigroup said late on Wednesday that computer hackers breached the bank’s network and accessed the data of about 200,000 credit-card holders in North America. It would not discuss what new security measures Citi is taking.

If that’s not bad enough, this part will make you change banks:

The third-largest U.S. bank waited more than a month before making the full extent of the breach public, drawing criticism on Thursday from lawmakers and lawyers.

That’s just completely unacceptable.

Here’s what needs to happen. Laws need to be passed that force companies to publicly disclose when something like this happens. Those laws also have to have stiff penalties for not only failing to disclose events like this, but for not dealing with it in a rapid and effective manner. Companies cannot just pull stunts like this and think this is acceptable behavior.

So, what do you think are the odds of this happening?

One Response to “Citigroup Hacked…. 200,000 Accounts Exposed… And There’s More…..”

  1. The should also be financially responsible to any client who is defrauded of any money. A lot can happen in a month. That is ridiculous.

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