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News Now

CU System
CU reissued 3000 cards after third-party breach
BATH, Maine (1/31/11)--A data breach involving a third-party--not a credit union--has prompted a Bath, Maine-based credit union to reissue about 3,000 debit and credit cards as a precaution, according to local news reports. Five County CU, a $181.4 million asset credit union, issued the cards after electronic security breaches involved an unnamed retailer and a processing center. It is not known whether other financial institutions were affected (Associated Press Newswires and WGME-TV Jan. 28). Several debit cards had suspicious transactions out of Florida, leading the credit union to shut down and reissue about 2,500 debit cards (myfoxmaine.com Jan. 28). Although there was no suspicious activity involving credit cards, the credit union relished about 500 Visa credit cards as a precaution. The credit union told WGME-TV that no personal data or money is at risk. The credit union said the attack is another sign of how aggressive hackers have become and how aggressive credit unions and banks must be to respond to such threats.


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