AT&T Inc. is the largest provider of both local and long distance telephone services, wireless service (Cingular), and DSL internet access in the United States. The current existing AT&T, which is based in San Antonio, Texas, was formed in 2005 by SBC Communications’ purchase of its former parent company, AT&T Corp. As a part of the merger, SBC shed its name and took on the iconic AT&T moniker (originally American Telephone and Telegraph) and the T stock-trading symbol (for “Telephone”).  AT&T became zero ground of a serious Hacker attack this Tuesday. According to the news which was originally released by ZDnet approximately 9 hours ago, more than 19,000 online customers personal records has been stolen by hackers.

The information was stolen includes both customer’s personal and Financial (credit & banking) records.  This was the biggest hacker attack since last years approximately 90 million records stolen in a multiple incident.  In response of this horrible security breach AT&T will offering to pay for credit monitoring services for those customers whose accounts have been impacted because they could be at risk of identity fraud. AT&T also opens up a toll-free service for those customers for immediate help. This wasn’t the first attack on AT&T, since long ago AT&T hack was training course for hackers. Just on August 24, a U.S. District Court division in San Antonio had a case running AT&T vs. some data brokers for breaking into 2,500 customer’s calling cards (which include sensitive personal information).

This incident raised a fair amount of concern that whether rising e-banking system is anymore effective. This thriving identity theft incident along with the phishing, making online financial transaction very much avoidable. Even until last year the users use to be confident about the giant companies to be highly secured and sophisticated. But now it’s look like the hacker’s are getting much more sophisticated, no matter what security measure taken, they are always one step ahead of authorities.  Internet is one of the highest contributors in economy, from simple paper sheet to Aircraft is trading now a days on the net.  But its need to safe like normal community, otherwise this booming internet economy will collapse. People are beginning to loss faith in security systems maintained by giant reputed companies, if they don’t upgrade or innovate something to secure peoples data, they will loose the clients.