iTnews
  • Home
  • News
  • Technology
  • Security

No Citibank withdrawals north of the border

By Dan Kaplan on Mar 9, 2006 10:33PM

Citibank has blocked customers from using their ATM cards for cash withdrawals in three countries after detecting several hundred fraudulent withdrawals in those locations, the company said in a statement.

"Last year, Citibank and a small number of our customers were the victims of a third-party business' information breach," the company said. "We immediately began enhanced monitoring of the affected accounts for fraud, and in mid-February, we detected several hundred fraudulent cash withdrawals in three countries. To protect our customers' accounts, we blocked PIN-based transactions in those locations for the customers affected by the breach."

Citibank did not name the third-party business, although a story in the New York Times on Wednesday – citing unidentified sources – said the debit card information was obtained during a breach at OfficeMax Inc.

Several media outlets reported Russia, Canada and the U.K. as where the fraudulent transactions occurred.

News that some Citibank customers were locked out of their accounts was broken Sunday on the media/technology/pop culture Boing Boing website.

The site reported that a friend and Citibank customer tried to withdraw cash in Canada - but was met with a denial.

"To my surprise, the ATM machine rejected the transaction and urged me to contact my financial institution," the customer recalled.

Citibank said it is contacting affected customers and issuing them new cards.

"We regret any inconvenience this has caused," the company said. "Protecting our customers' accounts and personal information is one of our highest priorities."

A company spokesman declined to further comment on the fraudulent withdrawals.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © SC Magazine, US edition
Tags:
bordercitibanknonorthofsecuritythewithdrawals

Partner Content

Avoiding CAPEX by making on-premise IT more cloud-like
Promoted Content Avoiding CAPEX by making on-premise IT more cloud-like
Why rethinking your CMS is crucial for customer retention
Promoted Content Why rethinking your CMS is crucial for customer retention
Why Genworth Australia embraced low-code software development
Promoted Content Why Genworth Australia embraced low-code software development
How to turn digital complexity into competitive advantage
Promoted Content How to turn digital complexity into competitive advantage

Sponsored Whitepapers

Free eBook: Digital Transformation 101 – for banks
Free eBook: Digital Transformation 101 – for banks
Why financial services need to tackle their Middle Office
Why financial services need to tackle their Middle Office
Learn: The latest way to transfer files between customers
Learn: The latest way to transfer files between customers
Extracting the value of data using Unified Observability
Extracting the value of data using Unified Observability
Planning before the breach: You can’t protect what you can’t see
Planning before the breach: You can’t protect what you can’t see

Events

  • Forrester Technology & Innovation Asia Pacific 2022
By Dan Kaplan
Mar 9 2006
10:33PM
0 Comments

Related Articles

  • Crypto crash threatens North Korea's stolen funds
  • The Good Guys pauses facial recognition trial
  • Border Force searched more than 40,000 devices in five years
  • Mitsubishi manufacturing controller software inherited OpenSSL bugs
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Australian court finds insurer not liable for ransomware clean-up costs

Australian court finds insurer not liable for ransomware clean-up costs

Telstra deregisters 900MHz sites “hindering” Optus 5G rollout

Telstra deregisters 900MHz sites “hindering” Optus 5G rollout

ADHA extends Accenture's My Health Record support deal for $100m

ADHA extends Accenture's My Health Record support deal for $100m

Defence, DEWR drop $160m on Microsoft software, Azure

Defence, DEWR drop $160m on Microsoft software, Azure

Digital Nation

Criteo to fork out $94.7m for consent breaches
Criteo to fork out $94.7m for consent breaches
Australia will lose 11 percent of jobs to automation by 2040: Forrester
Australia will lose 11 percent of jobs to automation by 2040: Forrester
Metaverses on the agenda for Dominello, Husic ministerial meeting
Metaverses on the agenda for Dominello, Husic ministerial meeting
Domino’s invests in observability for zero contact delivery
Domino’s invests in observability for zero contact delivery
COVER STORY: How KPMG, Mirvac and ASX use blockchain to build trust in the property sector
COVER STORY: How KPMG, Mirvac and ASX use blockchain to build trust in the property sector
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.