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Thursday, 16 June 2011 - Citi says 360,000 customers hacked in May cyber attack |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Next Playboy has 'runaway bride' sticker on cover 15 Jun 2011 U.S. agents slam gun sting effort on Mexico border 15 Jun 2011 Next Playboy has "runaway bride" sticker on cover | 15 Jun 2011 CIA website goes down, hackers claim responsibility 15 Jun 2011 Porn star says Representative Weiner asked her to lie 15 Jun 2011 Discussed 134 Alabama governor signs nation’s toughest immigration law 111 Obama weighs new steps to boost jobs 71 Republicans to debate, with Romney the frontrunner Watched Hefner, fiancee split; Schwarzenegger mistress talks Wed, Jun 15 2011 Airbus' view of flying in the future Mon, Jun 13 2011 Obama resigns from church Mon, Jun 2 2008 small business brad feld: Your idea is not special Every day, venture capitalist Brad Feld receives pitches from entrepreneurs who think their idea is unique. "And they are wrong," he says, noting that Google was not the first search engine and Facebook was not the first social network. What matters most, he says, is "the entrepreneurs’ execution of the ideas."  Full Article  Top 50 small business workplaces Notes on raising seed financing Citi says 360,000 customers hacked in May cyber attack Tweet Share this Email Print Related News Citi says 360,000 customers hacked in May cyber attack 12:42am EDT Analysis: Computer security attracts venture capitalists Wed, Jun 15 2011 Officials' pressure mounts over Citi data breach Tue, Jun 14 2011 Hackers break into Senate computers Tue, Jun 14 2011 IMF cyber attack aimed to steal insider information: expert Sun, Jun 12 2011 Analysis & Opinion A letter to JPMorgan: Dimon is wrong -COLUMN How will banks respond to a new world? Related Topics Technology » Media » A Citibank sign on a bank branch in midtown Manhattan, New York, November 17, 2010. Credit: Reuters/Mike Segar Thu Jun 16, 2011 2:36am EDT NEW YORK/HONG KONG (Reuters) - Citigroup Inc said a cyber attack in May affected almost twice as many people as the bank's figures had initially suggested, as major U.S. lenders come under growing pressure from lawmakers to improve account security. A total of 360,083 North American Citigroup credit card accounts were affected by the breach, the third-largest U.S. bank by assets said in a statement released late on Wednesday. Citigroup had earlier said that about 1 percent of its North American accounts were affected. The bank's annual report puts the total number of its customers at 21 million. "It is mainly due to the actual number of accounts being more than what's in the 2010 annual report as well as variances such as some of the accounts being closed," United States-based Citi spokesman Sean Kevelighan said in an emailed response. Customers had their names, account numbers and contact information accessed, but Citi said that "data critical to commit fraud was not compromised" and that other consumer banking online systems were not accessed. Citigroup also said it identified "the majority" of accounts compromised within seven days, adding that the information was accessed on the accounts by May 24 but that it only started notifying customers of the breach on June 3. Some 217,657 accounts have been reissued with new credit cards along with a notification letter, the bank said. The bank is the latest in a growing list of companies to face cyber attacks in recent months, with Sony, Google Inc and Lockheed Martin all having suffered under hackers this year. In response to the latest bout of attacks, many banks have stepped up their security effort, with two Australian banks replacing their customers' "SecurID" electronic keys earlier this month. Regulators in many countries have also been preparing new measures on data security, with the head of the Federal Deposit Insurance Corp in the United States saying last week she may "ask some banks to strengthen their authentication when a customer logs onto online accounts." The Hong Kong Monetary Authority also said it requires banks to have a risk management system to ensure the adequacy of their security systems. "Banks are expected to continue to review their security measures in place to enhance the controls, where appropriate, on an ongoing basis," said an HKMA spokeswoman. (Editing by Lincoln Feast and Muralikumar Anantharaman) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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