The Top 9 Most Costly Financial Services Data Breaches

The recent data breach involving MasterCard and VISA card information is only the latest in a string of hacks and thefts that have cost financial institutions multimillions of dollars. Here are the biggest most recent data breaches.
April 02, 2012

JP Morgan Chase, Citibank

Type: Identity Theft
Cost: $330,000

In January 2011, JP Morgan Chase and Citibank disclosed that a Staten Island, NY, resident somehow obtained the personal information of JPMorgan Chase Bank and Citibank customers, according to The woman then used the information to steal more than $300,000 from Chase and $30,000 from Citibank. The woman visited banks in and around Manhattan between November 26, 2007, and April 29, 2010. She used forged driver's licenses to make fraudulent withdrawals.

Information Source:

Wall Street & Technology encourages readers to engage in spirited, healthy debate, including taking us to task. However, Wall Street & Technology moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. Wall Street & Technology further reserves the right to disable the profile of any commenter participating in said activities.

Disqus Tips To upload an avatar photo, first complete your Disqus profile. | Please read our commenting policy.
< Previous1 ... 3 4 5 6 7 8 9 10 Next > 

< Previous1 ... 3 4 5 6 7 8 9 10 Next >