There is no doubt that Donald Trump is making a splash in the pool of TV news and social media as of lately. Surrounding those highlights, is something that is somewhat related to him and his businesses where fraudulent transactions on accounts of individuals who visited some Trump properties indicate a compromise of their credit card data.
Several banks located in the US have taken notice to many illegal transactions of clients who have stayed at hotels administered by the Trump Organization. The security breach, which security blogger Brian Krebs received information on, allegedly dates back to February 2015.
As you may well know, Trump Organization affiliated hotels are located all over the world, including the massively populated areas of Chicago, New York, Las Vegas, New York and even Honolulu. The suspicious credit card activity could be vast but as far as how many individuals are affected is currently unknown.
Investigations into the data breach are being started by the Trump Organization and finding out if it is something that actions need to be taken to rectify the issue. Executive Vice President of Development and Acquisitions at The Trump Organization, Eric Trump, has said the issue is being investigated and that, "We are committed to safeguarding all guests' personal information and will continue to do so vigilantly."
As we know all-to-well, compromising credit card information has been a forte for cybercrooks all over the world. Such cases of credit card information theft has been a common issue in the United States for many years and money-hungry hackers have not slowed down the least bit. Credit cards are vulnerable assets. Simply cloning magnetic strips, to accessing account information over the internet with the help of malware, the avenues made available to hackers are numerous.
Many times we witness cases where compromised credit card data ends up on forums and placed for sell to the highest bidders. Such cases are the fallout that occurs in a case such as The Trump Organization allegedly having processed cards at their affiliated hotel properties compromised. Data pilfered in such a way could end up for sale and later used to charge up bountiful amounts of money on cards that remain active.
One of the key instances of nipping a situation like this in the bud is to alert consumers who may have been affected without delay. The more time passes by, the longer cybercrooks have to make fraudulent charges on cards that may have been compromised. If someone is notified of the breach, they could then take the necessary action to cancel their potentially affected card and prevent a long, drawn-out process of recovering money from fraudulent charges.