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Citigroup Blocks Cards in 3 Nations After Breach
Posted on Mar 9, 2006 by Tom Fragala
The New York Times is reporting that Citibank, BofA, Wells Fargo and many other banks have seen customers become victims of this data breach of debit card infomation. Some are blaming Officemax, but Officemax is denying it. This story is far from over…
Citigroup said yesterday that it was blocking transactions on bank cards used in three countries, the latest sign of a card system breach that has prompted a number of banks to reissue thousands of debit cards.
Citigroup said it halted such transactions in Canada, Britain and Russia after detecting an unspecified number of fraudulent cash withdrawals from automated teller machines last month. Other big banks, including Bank of America, Wells Fargo and Washington Mutual, have taken similar steps, they said.
All of the banks said they would provide new cards to customers whose accounts were compromised.
Banking industry executives said it appeared that debit card information, including personal identification numbers, was obtained through a security breach of computer files at OfficeMax, the office supply chain. Storing PIN information violates the payment industry's security rules.
Filed under: Identity Theft
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