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Was Citi Breach Preventable?

Connecticut reached a settlement with Citibank tied to a 2011 breach. The breach exposed more than 360,000 Citi-issued credit cards, including about 5,000 in Connecticut. Citi will pay Connecticut $55,000 for breach-related expenses and $40,000 to resolve alleged violation of the Connecticut Unfair Trade Practices Act. The settlement requires Citi to hire an independent third party to conduct an information security audit of its online banking platform. The bank’s main card-processing system and other consumer banking online systems were not accessed or compromised.”]

Source: https://www.bankinfosecurity.com/was-citi-breach-preventable-a-6042

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