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.
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 privacyrights.org. 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.
April 02, 2012
JP Morgan Chase, Citibank
Type: Identity TheftCost: $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 privacyrights.org. 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:
Privacyrights.org
