The fast food chain Wendy's had a data breech

[thewayne]

This one is slightly different. The thieves were more careful with how they're using the cards, and credit unions are being hit hard. One CU manager mentioned in the story said that they've gone through half their budget for credit fraud for the year -- IN JANUARY

Comments

[porsupah]

Maybe there's got to be some serious attention paid by the issuers to fraud, soon, beyond trying to shift the blame? It's amazing that chip & pin is only now starting to be introduced into the US - with, of course, plenty of large retailers lagging on replacing their readers.

For added hilarity, a friend was just talking about how he's now had three recent card breaches - before the cards (all replacements) have even reached him.

Needless to say, I hope the CUs manage to make it out of this intact. No financial institution is any angel, but they do tend to be considerably less predatory in their fees, and have some genuine local connection, versus some random conglomerate like Bank of Italy^WAmerica.