Imagine handing over your debit card to pay for some purchases, only to find that your card has been declined. Embarrassed, you dash over to your local branch, and it is swarming with people who have had the same thing happen to them.
Nightmare. And this is exactly what happened to Christy Clark, Bank of America customer in Detroit.
She told Local 4 news “When I entered the branch, that’s when I realized this was a bigger problem.”
While Bank of America flatly denies that it has been victims of a breach, news reports say the incident accounts for $100,000 USD in fraudulent debit transactions.
While Bank of America attempts to isolate the incidents and figure out just what happened, they are looking into third-party locations as possible breach avenues. In the interim, the bank is blocking and reissuing the cards in reported cases.
Bank of America is not a member of The Payments Authority in Michigan, which means that the incident is likely to be handled internally.
Bank of America customers would be wise to review their statements to ensure nothing is amiss.
It should be a Law that all financial institutions that suffer a break in their security which results in personal information being stolen or leaked must notify all their customers within 24hr of said breach.
[quote] must notify all their customers within 24hr of said breach. [quote]
Send em an email?
Dear valued customer,
A security breach at Bank of America has been noted. Your account may be compromised. Please log in and updtae your log in details and password.
Yeah right. Thats gonna work.
Would just look like some spammer masquerading as the Bank of America.
Not just debit cards ... got me on my credit card.