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Topic: 2.7 million stolen in Citi hack - page 2. (Read 3380 times)

newbie
Activity: 42
Merit: 0
June 27, 2011, 09:12:42 AM
#5
of course, Citi gets $2.7M from the FDIC.

why should they get even a cent from FDIC?  what is your source?
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
June 27, 2011, 09:12:06 AM
#4
Quick, sell all your dollars! Dollar is doomed! Dollar is insecure!
full member
Activity: 126
Merit: 100
June 27, 2011, 09:02:56 AM
#3
of course, Citi gets $2.7M from the FDIC.

and then each customer has to prove that they had a loss due to that event.

place your bets... how much of the $2.7M will be disbursed to individuals vs. how much will Citi keep for themselves?
legendary
Activity: 1764
Merit: 1015
June 27, 2011, 09:01:29 AM
#2
Great find.
newbie
Activity: 28
Merit: 0
June 27, 2011, 08:58:51 AM
#1
I think the relevance here is obvious

NEW YORK (CNNMoney) -- Citigroup acknowledged that a hack attack last month stole millions of dollars from customers' credit card accounts.

Citigroup (C, Fortune 500) told CNN that about $2.7 million was stolen from about 3,400 accounts on May 10.


The hackers actually accessed a much larger number of accounts: 360,083. Fewer than 1% of the hacked accounts had money removed from them, according to Citigroup.

The bank reiterated that customers will not be responsible from financial losses stemming from the attacks.

"Customers are not liable for any fraud on the accounts and are 100% protected," the bank said.


http://money.cnn.com/2011/06/27/technology/citi_credit_card/index.htm?hpt=hp_t2
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