Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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.


RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
10 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
12 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
13 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
14 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
15 hours ago