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Cotton Traders Hackers Steal 38,000 Credit Card Details

Cotton Traders Hackers Steal 38,000 Credit Card Details Clothing company, Cotton Traders has insisted that its online security is completely up-to-date after revelations that hackers stole credit card details of some 38,000 customers earlier this year.

The company insisted that it contacted Barclaycard as soon as it found out about the attack on its website in January, which stopped most cards.

The payment industry's trade body, APACS said that a specialist police force was now investigating the incident.


In a statement, Cotton Traders said: "Earlier this year we identified a security issue. We immediately brought in industry security experts to resolve the problem.

"Cotton Traders have recently upgraded all security on their website which has been validated by leading industry experts."

"We would like to reassure all our customers that their data is secure and that the Cotton Traders website meets all leading industry security standards."


The problem of identity fraud still appears to be on the increase according to credit check company, Experian, which has reported a 66 per cent increase during 2007.

Experian managing director, Jim Hodgkins said: "There is no room for complacency. We all need to take active steps to protect ourselves against identity theft and everyone should regularly check their credit report using an online monitoring service.

"Doing this enables you to quickly spot any unfamiliar activity on your credit report, such as a fraudulent loan application, and to seek assistance from Experian so that we can help you to sort it out."

It is possible to get a free credit report from Experian.

The details of the Cotton Traders attack follow a similar one last year on the website of retailer TK Maxx.

In that hack, some 45 million credit card details were snatched after data was accessed over 16 months. The information related to credit and debit card transactions dating as far back as late 2002.

Credit Check News posted on 20 June 2008

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