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US prosecutors have charged a man with stealing data relating to 130 million credit and debit cards.Officials say it is the biggest case of identity theft in American history.
They say Albert Gonzales, 28, and two unnamed Russian co-conspirators hacked into the payment systems of retailers, including the 7-Eleven chain.
Prosecutors say they aimed to sell the data on. If convicted, Mr Gonzales faces up to 20 years in jail for wire fraud and five years for conspiracy.
Gonzalez is a former informant for the U.S. Secret Service who helped the agency hunt hackers, authorities say. The agency later found out that he had also been working with criminals and feeding them information on ongoing investigations, even warning off at least one individual, according to authorities.
Also last year, the Justice Department announced additional charges against Gonzalez and others for hacking retail companies' computers for the theft of approximately 40 million credit cards. At the time, that was believed to be the biggest single case of hacking private computer networks to steal credit card data, puncturing the electronic defenses of retailers including T.J. Maxx, Barnes & Noble, Sports Authority and OfficeMax.
Gonzalez faces a possible life sentence if convicted in that case.
Heartland disclosed last January that hackers had installed sniffing software on its network that allowed them to capture unencrypted credit card data as transactions were being authorized in its system.
Let's see...If I remember right, I only have 48 hours to notify my bank(s) if I feel (or have knowledge that) my credit/debit cards have been stolen or compromised. Beyond that time, the banks are no longer obligated to remove any bogus charges that appear.
Your role as a responsible cardholder is to notify your financial institution within two business days from the moment you realize your card has been lost or stolen. If you notify your financial institution within two business days of learning that your card was lost or stolen, your liability is capped at $50.
It works both ways. not only does the bank have an obligation to notify you of a breach, you also have a "duty" to notify them if your cards are lost/ stolen.
What I'm saying is... can they now try to claim that I had prior knowledge should something get charged without my consent