[APRPEH]

BIO-METRICS ARE COMING

[Graybeard58]

The immediate furor was ignited earlier this week by Citibank

I get emails, supposedly from City Bank and Chase, asking me for personal info concerning my accounts with them. I don't have accounts with either of them and wouldn't answer their emailed questions even if I did. However there are a lot of people out there who would and do.

Lot's of people are falling for these "phishing" expeditions and are making fraud easy.

[Unmarked Package]

This article is certainly a sobering reminder to be especially vigilant with debit card and credit card accounts. I learned the hard way about lapses in credit card security in 1997 when an account I had used for 18 years without a problem was compromised by a thief (through an Internet data source) and used to make fraudulent purchases. Fortunately, the breach was discovered quickly and the account closed.

Since that time, I've reduced the total number of debit card and credit card accounts I hold to one each. Both accounts are checked online at least once daily for unexpected charges. More rigorous authentication methods are welcome, but constant monitoring greatly reduces damages when the best of systems fail.

[woollyone]

Well, well...this might just 'splain why my bank (listed in the article as one of the affected banks) just sent me a letter yesterday stating the "Great News" that they will be re-issuing new ATM/Debit cards soon.

hmm...

I will no longer use PIN transactions
I will no longer use PIN transactions
I will no longer use PIN transactions
I will no longer use PIN transactions
I will no longer use PIN transactions
I will no longer use PIN transactions

[whadido]

Could anyone please tell me what kind of software I need in order to protect my bank account when shopping online?

Thank you very much!

[Centurion2000]

In a brief statement, Citibank said that the fraud was the result of a “third-party business information breach” that took place last year. To protect its customers, the company said it “blocked PIN-based transactions in those locations for the customers affected by the breach." A spokesman for the company, however, refused to name the third-party retailer involved in the breach.

Something's not right here considering that the retailer MUST disclose things like this under PCI and VISA-CISP regulations.