650,000 Credit Card Holders Data Lost

The Associated Press has reported personal information of 650,000 customers of J.C and Penny and up to 100 other retailers went missing, making data fraud really vulnerable. It all started with GE Money, a member of General Electric discovering a missing computer backup tape in last October.
Personal information on about 650,000 customers of J.C. Penney and up to 100 other retailers could be compromised after a computer tape went missing. GE Money, which handles credit card operations for Penney and many other retailers, said Thursday night that the missing information includes Social Security numbers for about 150,000 people. (read more …read more