Citibank ATM Network Breach

Between October 2007 and March 2008, thieves stole millions from Citibank’s network of ATM machines in 7-Eleven retail stores. They successfully accessed PIN codes from an undetermined number of accounts. There are nearly 5,700 Citibank-branded ATMs inside 7-Eleven stores throughout the United States. The thieves were apprehended and allegedly made $2 million in illegal profits.

What’s more disturbing is that such data intrusions often go unreported.

When it comes to ATM cards, I strongly advise:

• Do not tie multiple accounts to your PIN code.
• Keep a limited amount in the account.
• Use common sense to keep your PIN code safe (i.e. obscure code, don’t tell anyone)

Related Link:

• Citibank ATM breach reveals PIN security problems