If you are a Citi Credit Card customer you may want to keep a closer eye on your statements, or even get a new card. Earlier today the financial institution confirmed that their security had in fact been breached.
The hackers were able to obtain the data of hundreds of thousands North American credit card customers. Citi (NYSE:C) has already taken measures to contact those individuals hacked to provide customer support.
The only accounts that have been hacked are those of credit card holders — customers with debit cards are said to be in the clear according to a bank spokesperson. Although this security breach may come as a surprise to Citigroup and its customers, it seems to be part of a growing pattern of cyber attacks.
The data accessed includes names, emails, account numbers and contact info, but Citi says more sensitive data such as social security numbers and card security codes were not obtained.
Is This The Last of It?
Earlier last month it was reported that Sony had been attacked, which result in over $100 million customers’ information compromised and $170 billion in reparation fees.
Often with these cases, the initial news of the hacking is not the final news. With Sony for example, reports of a security breach affecting 77 million people first broke on a Tuesday in April, but then just about a week later, Sony reported an additional 24.6 million user accounts compromised. Although the added number was part of the original attack, it still impacted more users than initially reported.
As media outlets jump to get this story out, and Citi works on damage control, it is very likely there could be more damaging information compromised or even more users affected.
In an email to MyBankTracker.com, Citi Spokespoerson Sean Kevelighan stated:
“During routine monitoring, we recently discovered unauthorized access to Citi’s Account Online. A limited number – roughly one percent – of Citi North America bankcard customers’ account information (such as name, account number and contact information including email address) was viewed. The customer’s social security number, date of birth, card expiration date and card security code (CVV) were not compromised. We are contacting customers whose information was impacted. Citi has implemented enhanced procedures to prevent a recurrence of this type of event. For the security of these customers, we are not disclosing further details.”
Cyber criminals are becoming more advanced and as people move their finances online, it is the responsibility of large corporations such as Citi or Sony to ensure customer data is protected. More often than not, these protective measures are taken only after a breach.