The second credit-card breach in three years at Kmart has once again forced credit unions, and other financial institutions, to deal with the repercussions of potential fraud involving their accountholders.
In the first of two-articles, security experts provide their take on the ramifications of card breaches on credit unions and businesses.
Sears Holdings, the parent company of Kmart, confirmed it experienced another malware-based data breach of its card processing systems. The company did not reveal how many of its 735 Kmart locations saw signs of a breach, but said it did not affect online purchases.
“Our Kmart store payment data systems were infected with a form of malicious code that was undetectable by current anti-virus systems and application controls,” Howard Riefs, a spokesman for Sears Holding, said in a statement. “Once aware of the new malicious code, we quickly removed it and contained the event. We are confident that our customers can safely use their credit and debit cards in our retail stores.”
The post Card breach at Kmart stores again creates credit union problems appeared first on CUInsight.
June 05, 2017 at 07:57AM
from John
No comments:
Post a Comment