The information still could be used in a variety of ways to rip off people in the months and years ahead. 'Honestly, this is a crisis point.'Ĭhase's assurances that they haven't found any evidence of the personal data being misused shouldn't be misinterpreted as a reason to rest easy.

'This is really a slap in the face of the American financial services system,' Litan said. The Chase heist is even more disturbing than the recent retail breaches because banks are supposed to have fortress-like protection against intruders, said Gartner security analyst Avivah Litan. Global Payment Systems, another major payment processing company, had nearly 1 million card numbers stolen, with losses of nearly $93 million, according to prosecutors. Heartland Payment Systems Inc., which processes credit and debit cards for businesses, was identified as taking the biggest hit in a scheme starting in 2007 - the theft of more than 130 million card numbers at a loss of about $200 million. and international corporations over seven years, stealing and selling at least 160 million credit and debit card numbers, resulting in losses of hundreds of millions of dollars. They were accused of running a hacking organization that penetrated computer networks of more than a dozen major U.S. Last year, four Russian nationals and a Ukrainian were charged in what has been called the largest hacking and data breach scheme ever prosecuted in the United States. TJX Cos.'s theft of 90 million records, disclosed in 2007, remains the largest data breach at a retailer. Michaels and Neiman Marcus also have been attacked by hackers in the past year.Ī data breach at Target in December compromised 40 million credit and debit cards. Last month, Home Depot said that malicious software lurking in its check-out terminals between April and September affected 56 million debit and credit cards.

The breach is yet another in a series of data thefts that have hit financial firms and major retailers.

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