Tomahawk, WI 08/22/2214 (Basicsmedia) – United Parcel Service, Inc. (NYSE:UPS) has acknowledged the fact that a computer breach in some of its retail stores might have exposed its customers personal and payment data. The giant postal service company has already said that up to 105 transaction might have been affected by the data breach but has not stated the number of customers affected according to Bloomberg’s Trish Regan.
Some of the information that might have been revealed by the breaches include names, postal and email addresses as well as payment-card data.
“I got to say this is just really bad news I think for United Parcel Service, Inc. (NYSE:UPS). The idea that your data is out there is a scary thing for any customer,” said Mrs. Regan.
UPS joins the likes of Target Corporation (NYSE:TGT) and hospital operator Community Health Systems (NYSE:CYH) that have been subject of hacking this year, raising concerns as to the level of security in companies that deal with customer’s personal information. Eric Chemi, on the other hand, stated it was not all gloom for United Parcel Service, Inc. (NYSE:UPS) in the sense that all companies that have experienced data breaches have seen their stock bounce back, sooner than later.
“[…] there are thousands of hacks every year, 700 million records have been exposed since 2005 so everybody’s records has been exposed in some capacity […] These companies don’t get affected by it in the long run, the market does not punish them,” said Mr. Chemi.
Olivia sterns attribute the recent hacking pattern in the U.S to the use of old credit card technology that was dominant in the 80’s as opposed to making a shift to a more modern pin and chip technology that is thought to have upgraded security levels.
United Parcel Service, Inc. (NYSE:UPS) has also stated that the breach might have been limited by the fact that each franchised retail outlet is individually owned, running independently. Affected customers are those that used their credit or debit cards in the affected locations between Jan 20 through Aug 11.