Citicard

Citicard: No critical information is vulnerable to cyber attacks

By Imas Kurnia Laela Dewi

Citicard has issued a credit card from Citibank. It was released as a Visa or MasterCard. The card can be in the form of the company, employees or students. Citicards in the World Bank as a way for consumers to use their loans to other financial institutions or on request. Citicards are also in for gift cards available. You can balance one of these tickets online or by phone.

A recent statement from Citigroup said that although the names of customers whose accounts and data were available, no information of vital importance in the time of the injury was. The cyber-attack in May affected about 360,000 accounts Citicard in North America. This account is about two times larger than the initial estimates, the bank assigned. 217, 657 Citicard guests new cards that came with a warning. The others all inactive accounts or customers already have their new Citicard.

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The company initially estimated that affects about 1 percent of accounting Citicard in North America by the disease with the offense. According to a report the company shows that existing customers currently € 21 million.

The company said that most Citicard open accounts identified during the gap in the week, during which customers were most of the situation 3 June informed, even if the violation was discovered, 24 May

One analyst said that Citi must inform their customers about the situation and show that it is serious. It is also Citicard customers who were affected by the slump.

After the attacks in a number of companies, including Citi, which recently made a series of Citicard owner, financial institutions, to increase their security. According to the Edison Yu, hackers are not just interested in getting money because they are interested in acquiring more information about the client. The information we collect, including accounts Citicard will be sold in the black world of hackers.

With the increasing number of attacks, including one that hit customers Citicard, regulators said their companies to improve security to prevent a similar situation to avoid. Observers also noted that the banks continue their security measures and constant updating for another event like this, what happened Citicard avoid update.

Check out my other article about associated bank.