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Citi Breach: A Warning to Banks

Citigroup confirms a breach of its Citi Account Online platform had been accessed by an “unauthorized user” A limited number of Citi North America bankcard customers’ account information was viewed. “The biggest damage for Citi is probably going to be reputational, because the hackers apparently didn’t pull enough customer data to commit out-and-out fraud,” analyst says. Banks are losing the fraud fight because they aren’t focusing on the right things, expert says. The Office of the Comptroller of Currency, the main federal regulator, declined to comment.”]

Source: https://www.bankinfosecurity.com/citi-breach-warning-to-banks-a-3730

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