Credit Unions Feeling Pinch in Wendy’s Breach
Summary: Credit unions reported unusually high debit card fraud tied to the Wendy's breach, with losses already exceeding those seen after the Target and Home Depot breaches, according to NAFCU CEO B. Dan Berger. Wendy's confirmed in a preliminary 2015 annual report that card-stealing malware was found on some systems, but said it did not yet know the breach's extent or how many customers were affected.
Why it matters: One credit union CEO told Berger the institution had already hit half its normal yearly fraud by late January and expected 5 to 10 times the loss seen after Target or Home Depot, while thieves drained high-balance debit accounts by abusing automated PIN-reset systems.
Read the original at Krebs on Security ↗
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