Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Hackers steal former CUs account data
FORT WORTH, Texas (1/28/08)--Cybercriminals hacked into former credit union OmniAmerican Bank's records and stole account numbers, created new personal identification numbers (PINs), fabricated debit cards, then withdrew cash from ATMs in Eastern Europe, including Russian and the Ukraine, and Britain, Canada and New York. The Fort Worth-based bank said last week that fewer than 100 accounts, including some dormant accounts, were compromised. All had daily ATM withdrawal limits of less than $1,000, President Tim Carter told Star-Telegram (Jan. 23 and 24). He said the amount stolen was minimal, and no depositors will lose money. The fraudulent activity was discovered Jan. 18 from three sources: customers asking about unusual activity in their accounts; internal monitoring; and a law enforcement agency. OmniAmerican immediately placed temporary limits on some ATM and debit card transactions and suspended some electronic banking services. The services were restored on Jan. 20. The $1 billion asset bank has mailed letters notifying check-card holders. It will issue about 40,000 new debit cards, each with a revised PIN, as a precaution. OmniAmerican, once the second-largest credit union in the area, changed its name from OmniAmerican CU on Jan. 1, 2006, after members voted 3-to-1 in July 2005 to convert to bank charter (News Now Feb. 13, 2007).


RSS print
News Now LiveWire
.@BelvoirFederal revamped the checking acct. it offers to active duty military members and achieved 23% growth on the product in 1 mo.
11 hours ago
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
15 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
16 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
17 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 25 ago