Dogman
27th June 2011, 04:52 AM
Citi: 2.7 Million stolen in May hack attack
By Aaron Smith @CNNMoneyTech (http://twitter.com/CNNmoneytech) June 27, 2011: 7:14 AM ET
http://i2.cdn.turner.com/money/2011/06/27/technology/citi_credit_card/citigroup-credit-card.jc.top.jpg
NEW YORK (CNNMoney) -- Citigroup acknowledged that a hack attack last month stole millions of dollars from customers' credit card accounts
Citigroup (C (http://money.cnn.com/quote/quote.html?symb=C&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/2927.html?source=story_f500_link)) told CNN that about $2.7 million was stolen from about 3,400 accounts on May 10.
The hackers actually accessed a much greater number of accounts: 360,083 (http://money.cnn.com/2011/06/16/technology/citigroup_credit_card/index.htm?iid=EL). So the thefts applied to less than 1% of the hacked accounts, according to Citigroup.
The bank reiterated that customers will not be responsible from financial losses stemming from the attacks.
"Customers are not liable for any fraud on the accounts and are 100% protected," the bank said.
Citigroup announced on June 16 that more than 200,000 new credit cards had been issued to hacked customers. In some cases, customers had already closed their account or had received a new credit card, so they didn't need the Citi-mandated replacement.
Citigroup said that it had waited until June 3, more than three weeks after the discovery, to start sending out notification letters. However, the company insisted that it acted quickly to deal with the security problem
"From the moment Citi discovered the breach, we took immediate action to rectify the situation and protect any customers potentially at risk," said Citi, in a statement earlier this month.
There have been other recent high-profile security breaches. Video game maker Electronic Arts (EA) reported, on Friday, said that hackers recently breached (http://money.cnn.com/2011/06/24/technology/electronic_arts_hack/index.htm?iid=EL) a server linked to a message board, stealing customer information.
Citi says hack attack toll was 360,000 (http://money.cnn.com/2011/06/16/technology/citigroup_credit_card/index.htm?iid=EL)
http://money.cnn.com/2011/06/27/technology/citi_credit_card/
By Aaron Smith @CNNMoneyTech (http://twitter.com/CNNmoneytech) June 27, 2011: 7:14 AM ET
http://i2.cdn.turner.com/money/2011/06/27/technology/citi_credit_card/citigroup-credit-card.jc.top.jpg
NEW YORK (CNNMoney) -- Citigroup acknowledged that a hack attack last month stole millions of dollars from customers' credit card accounts
Citigroup (C (http://money.cnn.com/quote/quote.html?symb=C&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/2927.html?source=story_f500_link)) told CNN that about $2.7 million was stolen from about 3,400 accounts on May 10.
The hackers actually accessed a much greater number of accounts: 360,083 (http://money.cnn.com/2011/06/16/technology/citigroup_credit_card/index.htm?iid=EL). So the thefts applied to less than 1% of the hacked accounts, according to Citigroup.
The bank reiterated that customers will not be responsible from financial losses stemming from the attacks.
"Customers are not liable for any fraud on the accounts and are 100% protected," the bank said.
Citigroup announced on June 16 that more than 200,000 new credit cards had been issued to hacked customers. In some cases, customers had already closed their account or had received a new credit card, so they didn't need the Citi-mandated replacement.
Citigroup said that it had waited until June 3, more than three weeks after the discovery, to start sending out notification letters. However, the company insisted that it acted quickly to deal with the security problem
"From the moment Citi discovered the breach, we took immediate action to rectify the situation and protect any customers potentially at risk," said Citi, in a statement earlier this month.
There have been other recent high-profile security breaches. Video game maker Electronic Arts (EA) reported, on Friday, said that hackers recently breached (http://money.cnn.com/2011/06/24/technology/electronic_arts_hack/index.htm?iid=EL) a server linked to a message board, stealing customer information.
Citi says hack attack toll was 360,000 (http://money.cnn.com/2011/06/16/technology/citigroup_credit_card/index.htm?iid=EL)
http://money.cnn.com/2011/06/27/technology/citi_credit_card/