Citibank limiting ATM withdrawals in NYC?
Title: Citibank limits ATM cash in city Author: KERRY BURKE and LARRY McSHANE Source: DAILY NEWS Date Published:January 3rd 2008 Excerpt: The New York-based Daily News reported today that Citibank has limited the cash amount its customers can take out of ATM machines. It is being reported that the security of Citibank's ATM machines in New York have been seriously compromised by fraud. According to media reports, a spokesperson for Citibank has stated that "Though we can't provide details of ongoing security investigations, we are working closely with law enforcement on this matter." Citibank declined to specify the amount of the new withdrawal cap. For complete article see: http://www.nydailynews.com/money/2008/01/03/2008-01-03_citibank_limits_atm_cash_in_city-2.html For more security News visit the FIRST Security News site at: http://www.first.org/newsroom/globalsecurity http://www.first.org/newsroom/globalsecurity/rss.xml
(Passed along in case folks haven’t heard)
This is being blown out of proportion. Only a handful of consumers are affected, and one phone call to Citi will resolve the issue. In a way, it’s good that they stepped up security to tackle the issue, though I’m sure it’s a bit upsetting for those affected…
it is much more than “a handful of customers’. It is citywide, with dozens and dozens of account holders who have fallen victim to this crime. The accounts are wiped out with several withdrawals in the course of a single day. Citibank is not disclosing how many customers have been affected because they don’t want to lose current or potential customers.