Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Robin Hood hackers video threatens funds withdrawals
AUSTIN, Texas (12/2/11)--Credit unions should be alert to a YouTube video deemed a manifesto by two groups of hackers that claims to steal credit card numbers from major banks for donations to charities, protest groups and people "cheated" by the financial system.

The video--a manifesto of Anonymous and TeaMp0isoN (Team Poison), two groups of hackers that have claimed responsibility for high profile cyberattacks--opens with scenes from a 1991 Kevin Costner movie, "Robin Hood: Princes of Thieves," in which Robin Hood vows to take from the rich and give to the poor. It then switches to a digitized voice that reads the manifesto set to ominous operatic music.

The video claims the groups have already breached Chase, Bank of America and Citibank, taken card numbers and donated thousands of dollars to protests, the homeless and charities. It adds banks will be forced to reimburse consumers whose cards were used.

However, according to CreditCards.com (Nov. 30), the claims have not been substantiated by the banks and it is unclear whether the hackers succeeded or whether they are engaging in "bluster designed to frighten consumers away from big banks."

The video notes that people are taking their money out of big banks and urges viewers to "move their accounts to secure credit unions--before it's too late."

Editor's note: Credit unions receiving questions from consumers about the attacks should reassure them that credit unions believe it would be a bad idea to follow the hackers' instructions, that the attacks are unsubstantiated, and that they do not condone the actions urged by the groups. The Credit Union National Association and America's credit unions do not encourage or condone removing funds from financial institutions to bolster illegal activities by hackers.


RSS





print
News Now LiveWire
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
2 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
2 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
4 hours ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
4 hours ago
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
7 hours ago