Verizon Investigating Possible Customer Data Leak at its Retail Stores
Published on: 27th Feb 2014
USA based Verizon has confirmed that it is investigating a possible data security breach at some of its retail stores.
The company is not saying what has happened yet, but the director of the company's investigative team, Bryan Sartin said the preliminary findings suggest that there could be a "link between these later situations and something that recently happened."
He may have been alluding to recent data security breaches at Target and Macy's, both of which faced a loss of significant amounts of customer payment records.
The issue could prove deeply embarrassing for Verizon if proven to have taken place as they will have to contact potentially millions of customers who will have to start changing credit card and bank details as a result.
Verizon also uses that same information when deciding on credit worthiness of customers taking out contract accounts. Relying on that information in the future with all these security scares could lead to increased bad debts at the mobile network.
On the web: Wall Street Journal