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Betfair fails to disclose data theft

The Press Association has reported that Betfair, the online gambling company, covered up a data breach and failed to let its customers know their personal information was at risk.

In March 2010, More than 3.1 million account names with encrypted security questions, 2.9 million usernames, and nearly 90,000 account usernames with bank account details were stolen, along with credit card details.

A Betfair spokesman said it decided not to disclose the attack, which it reported to the UK’s Serious Organised Crime Agency, and Australian and German authorities, as it determined it was not going to impact customers.

The spokesman added “We have subsequently implemented all of the recommendations from the independent reports we commissioned and have done everything we can to minimise the risk of this happening again.”