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Hackers News

Keeping Knowledge Free

Banks move to limit losses from security breach

From Citibank to SunTrust, credit unions to community banks, America's financial institutions are scrambling to deal with the biggest cyber-heist of customer debit-card numbers to date. The huge computer-hacking incident, which took place more than a month ago, has led to potentially millions of dollars in theft by a global ring of hackers using the stolen debit information and personal-identification numbers, industry experts said this week. In recent weeks, the nation's banks have quietly tried to extinguish the problem by closing hundreds of thousands of debit-card accounts and providing customers new cards, account numbers and PINs, industry officials said. Exact figures are unknown _ some banks have reported numbers, others have not. It is thought that at least 350,000 accounts across the country were defrauded, involving more than $10 million in losses, according to some experts.

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