Citibank ATM Breach

Posted on July 2nd, 2008 by Sonya Smith-Valentine, Valentine Legal Group

Hackers broke into Citibank’s ATMs inside 7-Eleven stores earlier this year and stole customers’ PIN codes.  The hackers netted millions of dollars. The thieves were able to access the PIN numbers by attacking the back-end computers responsible for approving the cash withdrawals.  Hackers are targeting the ATM system’s infrastructure, which often uses Microsoft’s Windows operating system.  It’s unclear […]

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Filed under: Banking, Consumer Protection

Banking Fees: On the rise and undisclosed

Posted on March 10th, 2008 by Sonya Smith-Valentine, Valentine Legal Group

According to a government report, banks are not providing consumers with information about account fees even though required by federal law.  The report says that fees have been on the rise in recent years.   The Government Accountability Office  (GAO) made undercover visits to 185 bank branches and could not get a comprehensive list of account […]

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Filed under: Banking