Epsilon Email Incident Analysis: Fraud Risk and Security Insights

A prominent information security expert said Tuesday that concerns about the recent Epsilon email hacking incident are misplaced. Bruce Schneier, author of the online Crypto-Gram newsletter, said there's little risk that the alleged theft of millions of email addresses will result in widespread fraud. "It's why it seems implausible to me that this was an attack by actual criminals because it's not terribly useful stuff they stole, if indeed they stole anything," he said.

Schneier said credit card users need to be on the alert for unusual activity or emails, regardless of whether there's a reported security breach.

"If you know there's fraudulent transaction going on on your credit card, then you should definitely deal with it," he said. "Until then, it's all going to be panic and worry without cause."

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