It’s Only Going to Get Worse Before It Gets Better

June 18th, 2005

High interest rates may be the least of your worries

There’s news today that personal customer information of up to 40 million credit card holders may have been compromised.

40 million.

According to PBS’ Frontline, there are 641 million credit cards in circulation, so 40 million represents about 6.2% of all credit cards out there.

So: For every credit card you have, you’ve got about a 1-in-16 shot of being screwed.

This is just the latest instance of data theft. Here’s one from April. Here’s one from February. Google away, you’ll find plenty more.

And people are worried about cookies on their computers?

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