Saturday, January 23, 2010

New York Bank Suffers Online Breach

8300+ Customers Compromised by Hack

New York bank announced this week that more than 8,300 of its online banking customers had their log-in credentials stolen in a data breach that occurred last November.

The bank says it has notified the consumer reporting agencies (Experian, Trans Union and Equifax) of the incident, along with the Office of the Comptroller of the Currency, its primary regulator; the New York State Consumer Protection Board; the New York State Office of Cyber Security & Critical Infrastructure Coordination; and law enforcement agencies. It also sent letters to all affected customers on Monday.

The bank has also arranged for credit monitoring services for two years for impacted consumers. The business customers that were affected will receive Positive Pay service from the bank, or Deluxe Security Checks, with the bank paying for those services.

Additionally, the bank says it has taken a number of additional steps to minimize any possible effect of this incident on its customers. It says it immediately launched an aggressive investigation of the incident with assistance from outside experts in forensics.

Download the full press release from here.

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