Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
MidFlorida CU reissues cards from Heartland breach
LAKELAND, Fla. (4/6/10)--MidFlorida CU says it is issuing 12,000 new debit cards after recent fraud attempts stemming from a data breach announced in 2009 by Heartland Payment Systems. Kathy Britt, MidFlorida chief operating officer, told area media that affected members received notices March 26 informing them they will receive new debit cards because of the continued risk of fraud. Members were asked to review their accounts for suspicious activity and to check their credit reports (BankInfoSecurity.com April 1 and The Ledger March 30). The $1.4 billion asset credit union has about 80,000 debit card holders and had replaced 5,000 cards in 2009, when the breach was made public. Heartland, a Princeton, N.J.-based payment processing company announced in January 2009 a breach had exposed information from 130 million credit and debit cards--the largest data breach on record At least one other financial institution--First National Bank of Durango, Colo.-- said it would replace 5,000 debit cards as the result of new fraudulent activity related to the Heartland breach, said Bank Info Security. The man responsible for the Heartland breach and others, Albert Gonzalez, was sentenced March 25 and 26 to concurrent 20-year sentences in prison.
Other Resources

RSS print
News Now LiveWire
@CFPB today finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. Watch News Now
29 minutes ago
Four consumer rights you didn't have 40 years ago via @CreditExperts http://t.co/RwSocTG1q4
48 minutes ago
Cascade Community #CreditUnion has granted 30 educators almost $6,000 in Chalkboard grants for the 2014-15 school year.
1 hours ago
#NewsNow Money: CUNA's Schenk talks interest rates, inflation http://t.co/JbQlDrXzM3
1 hours ago
Eric Richard, CUNA's general counsel, details legal/regulatory trends affecting CUs at CUNA Attorneys Conf. today. http://t.co/n7ZATxT4eM
2 hours ago