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News Now

CU System
Data Breach At Card Processor Impacts CU In Idaho
SANDPOINT, Idaho. (11/18/13)--Computer hackers appeared to have breached the database of a large retailer's third-party card processor, stealing card information from at least one Northwest credit union and compromising member accounts.
 
Horizons FCU, Spokane Valley, Wash., was notified of the breach by its card processor, Vantiv, about 10 days ago. Since then more than 100 members have reported fraudulent charges, Horizon CU President/CEO Jeff Adams told News Now Friday.

The retailer has not been identified, Adams said.
 
The cybercriminals have "been moving from state to state and making charges at major retailers," Adams said.  
 
The credit union has been blocking and reissuing cards on a case-by-case basis, Adams said.
 
Other financial institutions are almost certainly affected, Adams said. "We know that there are multiple financials, credit unions and other FIs, that are affected," he said, adding that the card batch from a large retailer "is typically credit unions, banks, the whole gamut of financial service providers."
 
Police in Idaho, where Horizon CU has four branches, have also reported instances of credit card fraud (Bonner County Daily Bee Nov. 15). Sandpoint (Idaho) Police Department Chief Corey Coon said it's unclear if members and customers of other credit unions and banks in the area are being affected because those institutions may not require a police report case number when fraud is reported, but handle them through a security company.
 
Coon recommended that credit card holders carefully watch their account statements for fraudulent charges and report any suspicious activity.


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