
Originally Posted by
NorthWestCorner
You’ve got some decent protection there is terms of fraud protection on the card. However, that’s not the entire problem. The hackers steal the entire data set - that would include name, address, card details used to make the payment, sort code and account number (if paying by direct debit) and date of birth. This can then be sold on to others who may attempt to apply for fraudulent credit type arrangements (loans, new credit cards, etc) using your details. That’s where the big money can be made and it can be a very painful experience for the individual to go through. Most will eventually get their credit file reset and will not suffer long term financial harm but it can be a really inconvenient situation in the short term.