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Stanley Greene, who currently lives in California, was at home with his wife when he noticed a $300 charge to his credit card bill that wasn’t accounted for.
As Greene and his wife, Merilee, discussed the charge, another one was made, followed by several others.
Within days, the Greene’s were suddenly drained of all their funds.
Victimized Couple Fight for AB 779
Last week, the Greene's joined several other people, who have been victimized by computer hackers, to lobby for a bill, known as the AB 779, that would require financial institutions and retailers to adopt guidelines that would help protect the financial data of customers.
The bill has been approved by lawmakers and is now in the hands of Governor Schwarzenegger who will reportedly make a decision by October 13.
In accordance with the bill, banks, credit unions, and credit card companies would be required to tell consumers the name of the retailer where the hackers were able to retrieve their financial information.
“Going to the mall simply should not be identity theft Russian Roulette,” stated Assemblyman Dave Jones. “What’s happening is that retailers are keeping the credit card information, and it is available to hackers and other identity thieves, who perpetrate fraud.”
Retailers Not Complying with Guidelines
According to Jones, only 40 percent of retailers who take credit cards information are complying with the security guidelines that have been created by the major credit card companies.
A large security breach was reportedly found in the computers at TJX Cos., the company that operates discount stores like T.J. Maxx and Marshalls.
The AB 779 would enable banks and credit card companies to file suits against retailers who are being negligent.
(Source: Los Angeles Times)
Have you been the victim of identity theft or credit card fraud? If so, contact us today to speak with an experienced attorney who will enable you to be compensated for your financial losses and mental anguish.
Consumer fraud class action lawsuits are specifically designed to help individuals who have been similarly aggrieved to pursue a common goal – namely to hold the deceptive business accountable for any damages suffered. Thus, consumers who have been defrauded by a corporation or other entity may file a consumer fraud class action lawsuit on behalf of themselves and others to seek compensation for their shared grievance.
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