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Local Banks Sort Out Security Breach

Posted on July 1, 2011 by Dissent

Mallory Cooke reports from Arkansas:

Fort Smith banks rush to get customers new debit cards after personal bank account information is stolen.

“It wouldn’t work,” said Stacy Gustafson, “It said I’d exceeded the number of transactions.”

Gustafson tried to get cash at an Arvest Bank ATM Monday, but could not. She said, “They told me the accounts had been compromised and I needed to change the pin number.”

Last weekend Arvest Bank says they discovered someone breached ATM and debit card information. “Their cards had been compromised by one or more retailers, what we presume in the region,” said Craig Rivaldo, president of Arvest Bank.

Rivaldo says less than 100 people had cards compromised, but through the process discovered maybe a larger number could be at risk. “What we’ve chosen to do is issue new cards, new debit cards to them and replace them,” said Rivaldo.

Read more on 5News.

Another one to watch?  There’s also still that rash of fraud charges in Ohio that may not be due to the Michaels Store breach.

Category: Breach IncidentsBusiness SectorU.S.

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