The social security numbers of every American may have been stolen
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and hackers put all Americans at risk of identity theft.
Transcript
00:00I'm Conway Gaines reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:04There is an upbeat tone on Wall Street
00:07thanks to signs of a resilient economy.
00:09July retail sales blew past expectations with a 1% jump.
00:14Weekly jobless claims rose by 227,000,
00:17which was below forecast.
00:19Meanwhile, at Walmart, second quarter sales
00:22saw a stronger than anticipated rise of 5%,
00:25and earnings were better than expected as well.
00:28The world's largest retailer lifted 2024 guidance
00:31for the second time this year.
00:34In other news, a massive data breach
00:36involving the social security number of every American
00:39may mean all of our information is
00:41on sale to the highest bidder.
00:43According to the Los Angeles Times,
00:45a person claiming to be a member of hacking group USDOD
00:49is offering a treasure trove of stolen personal data taken
00:53from 2.9 billion people.
00:55The highly personal information includes social security
00:58numbers, full names, addresses, date of births,
01:01and phone numbers.
01:03Media outlets are trying to verify
01:05the veracity of the claim.
01:06A class action lawsuit reveals the data
01:09was stolen from National Public Data,
01:11according to claims made in April by USDOD.
01:15National Public Data collects and stores
01:17that information to aid in the completion of background
01:20checks.
01:21National Public Data has not formally admitted to the breach
01:24but told the Los Angeles Times that it, quote,
01:26purged the entire database as a whole of any and all entries
01:31and claimed to have deleted any, quote, non-public information.
01:35That'll do it for your daily briefing from the New York
01:37Stock Exchange.
01:38I'm Conway Gittins with The Street.