It can be so tempting — You’re about to make a big purchase at a retail store when the cashier says you can save all sorts of money by applying for a store credit card. But what they rarely make clear to you is that the card you’re applying for often comes with a sky-high interest rate — and those rates are going higher. [More]
In this month’s Recall Roundup, cork toys crumble but aren’t edible, heaters overheat, and Grumpy Cat has a lot to be unhappy about. [More]
Target is probably having a very unmerry holiday season right now dealing with the credit card breach that likely affected about 40 million accounts. Target might be the retail version of a sad Charlie Brown at Christmas right now, but hey, it could be worse. No, really. [More]
Last summer, some of the country’s largest retailers reached a settlment with Visa and MasterCard that was supposed to put to rest qualms the businesses had with the credit card companies’ alleged practice of fee-fixing. The $7.2 billion settlement didn’t sit well with some, including Target and Macy’s, prompting a group of retailers to file a new lawsuit this week, effectively rejecting that previous agreement. [More]
After an autistic girl and her service dog were wrongly kicked out of a discount clothing store owned by TJ Maxx, the district manager profusely apologized and gave them a $25 gift card to pick out anything she liked. When she returned and tried to use the gift card, store staff kicked her out for having a service dog again. Looks like someone didn’t get the memo. [More]
A federal court in Boston has sentenced Albert Gonzalez, the Miami computer hacker behind millions of dollars in credit card theft from national retailers like TJ Maxx, BJs, Barnes & Noble and more, to 20 years in prison for his crimes. [More]
Albert Gonzalez, the mastermind behind most of the multi-million dollar credit card breaches in the past few years, is being sentenced this week. (Feds are asking for 25 years.) Now his former accomplice, Stephen Watt, has told Wired that while Gonzalez was busy stealing and selling credit card data he was also being paid under the table by the U.S. Secret Service to inform on others, earning as much as $75,000 in cash annually. [More]
Yesterday T.J. Maxx announced that third-quarter earnings surged ahead 47% as the company attracted great-recession-weary shoppers to its stores. Oh, and there might have been a “hostage” situation in one of its Florida stores.
Christina decided to give the famed acai berry a try. What the heck, she must have thought, it won’t cost me that much ($10) and the site’s refund policy clearly indicates when I can return the product, cancel the “subscription,” and move on. She knew the cancel-by date and was prepared to follow the rules. AcaiBerryUltimate.com had other plans, which are best summed up by this email they sent to her: “You can get your refund in hell. haahah.”
Christopher Soghoian over at Cnet is reporting that Turkish police may have used violence to get the encryption keys of one of primary ringleaders in the TJ Maxx credit card theft investigation. The suspect, Maksym Yastremskiy, is apparently a “major figure in the international sale of stolen credit card information.”
The world’s greatest bank thief is in custody. For ripping off over 45.7 million consumer’s credit cards from TJ Maxx, and other retailers, authorities pressed charges on Miami mastermind Albert Gonzalez and 11 others. The stolen numbers were sold to other scammers who manufactured fake debit cards and drained their victims’ accounts. The breach stemmed mainly from TJ Maxx stores using an unsecured wireless router.
Remember TJX’s gigantic security breach problems last year, where data on 94 million accounts was stolen? Good for you, because apparently TJX doesn’t. A former employee of a TJX store in Lawrence, Kansas was fired recently for posting anonymous complaints online about the current sorry state of his store’s security, which included the store manager writing server login and password information on a sticky note, and the store resetting employee passwords to blank fields.
Last December, Theodore Karantsalis received a letter from Sprint, where he was a customer, telling him that someone who banks with Wells-Fargo—where he’s not a customer—was presented with his invoice and personal data when they logged into their Wells-Fargo Checkfree account. The customer contacted Sprint, and Sprint contacted Karantsalis. Karantsalis decided that he’d deal with the issue on his own instead of bringing a lawyer into it or throwing his hands up in frustration, so he took both companies to small claims court.
On paper, the merger between Kmart and Sears looked almost fool-proof. Investors were confident that hedge fund manager Eddie Lampert had the midas touch, and that Sears’ real estate holdings were worth more than $150 on their own. Sears’ well-regarded brands would be paired with Kmart’s convenient locations—and everyone would make tons of money.
Netflix has removed the monthly limits on all but its lowest-cost plan in an apparent attempt to position itself more competitively against Apple, which is expected to announce a downloadable movie rental service tomorrow. Now for as little as $8.99 per month you can watch as many movies on your PC as you can download.