Security News > 2020 > November > Gold Dealer JM Bullion Discloses Months-Long Payment Card Breach
Texas-based precious metals dealer JM Bullion has informed some customers that their payment card information may have been stolen by cybercriminals, but the disclosure came months after the breach was discovered.
The company claims on its website that customer information is kept secure through "256-bit SSL encryption" and that it does not have access to payment card information as it's processed by a third party.
The information stolen as part of this attack included names, addresses and payment card information, including card number, expiration date and security code.
"JM Bullion takes the security of personal information in its care very seriously. In response to this incident, JM Bullion notified law enforcement, our card processor, and the credit card brands, and continues to work with them as needed. We also reviewed our internal procedures and implemented additional safeguards on our website to protect customer information in our possession," Michael Wittmeyer, CEO of JM Bullion, told customers.
Some customers who discussed the incident on Reddit seem disappointed that it took the company five months to discover the breach and another three months to alert impacted individuals.