Data Breach For McDonald’s

The popular fast food chain McDonald’s has warned its customers about a possible data breach. The breach could put customer’s personal information in jeopardy.

McDonald’s is warning customers who signed up for promotions or registered at any of its online sites that their e-mail address has been compromised by an unauthorized third party.

The customer name, postal address, phone number, birth date, gender, and information about promotional preferences may also have been exposed, the company said in an FAQ on its Web site. Social Security numbers were not included in the database, the company said.

The data was managed by an e-mail database management firm hired by Arc Worldwide, a “longtime business partner” of McDonald’s, according to a recorded message on the company’s toll-free number. The unnamed database management firm’s computer systems were improperly accessed by a third party, McDonald’s said.

McDonald’s did not disclose the number of records involved or when the breach happened. McDonald’s representatives did not immediately… continue reading

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Payroll Tax Cuts Worrisome to Some

Many Social Security advocates are worried by President Obama’s payroll tax cuts. They fear the cuts could put the finances of the retirement program in jeopardy.

“When you start to signal that the (Social Security) tax levels are negotiable, you end up in long-term trouble, I think, in terms of making absolutely certain that the entitlement funding streams are secure,” Pomeroy said.

Social Security is funded by a 6.2 percent payroll tax on the first $106,800 earned by a worker. The tax is matched by employers. The package negotiated by Obama would reduce the tax paid by workers to 4.2 percent for 2011. Employer rates would stay unchanged.

Obama administration officials say that a payroll tax cut is an efficient way to stimulate the economy by immediately increasing take home pay for about 155 million workers. The nonpartisan Congressional Budget Office agrees, and many business groups and Republicans support it.

“What came out of the compromise was the idea of… continue reading

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