Credit Histories Have Fallen into the Wrong Hands

Interesting Tech Fact:

Long before today’s digital breaches, one of the earliest cases of credit information fraud dates back to the 1960s, when manual credit bureaus kept records on index cards and punch tapes. In New York, investigators uncovered a scheme where clerks were bribed to alter repayment histories, effectively “cleaning” bad credit for cash—an analog version of modern credit hacking. This rare case not only exposed how fragile early credit systems were but also highlighted that the manipulation of financial trust has roots older than the internet, proving credit data has always been a prime target for exploitation.