I received a letter from Citibank. They are reissuing my Mastercard credit card because it was determined to be among the ones taken in a retailer breach. I asked which retailer when I called and they did not know or were purposely vague. (I suspicion it was the TJ Maxx hack). TJ Maxx happened before March 30, 2007. Why does it take 2 years to reissue cards?
Credit card companies have a concept of acceptable loss, however, with my identity, money, and credit rating THERE IS NO ACCEPTABLE LOSS!
Credit card companies.... pull it together and get tough with this problem now, or you might be surprised when losses reach a point where they are not acceptable. Prepare for that now while you can.
Friday, April 24, 2009
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