Wonga data breach may affect over 250,000 UK customers

Wonga offers short term high cost credit (STHCC) loans at interest rates starting at over 1,200% per annum, became aware of a problem last week but did not realise until Friday that data could be accessed externally. It alerted the authorities and started to contact borrowers offering a dedicated customer services phone line for those affected.

Wonga said it was “urgently investigating illegal and unauthorised access” to the personal data of some of its customers in the UK and Poland;  It is understood that the breach could affect up to 270,000 current and former customers.

The company would not disclose where the breach had taken place.

How to find a loan shark

Look for the man with the baseball bat accompanied by ‘Terry’ the minder; sorry read Bentley convertible and Cartier watch, accompanied by Harry the martial arts expert. He may well be operating in a pub near you.

 

“Ok, payday loans are no longer viable since the interest rate cap and absolute maximum on charges was introduced at the start of the year. This means payday loans will dry-up and the loan sharks will take over”.
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