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Summit Credit Union Files Suit Against Equifax Over Leak

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The hits just keep coming for Equifax: Summit Credit Union has filed a lawsuit against the credit reporting agency in response to the massive data breach that compromised the personal data of around 143 million people. Their responsiveness to customers has been slow and unclear as well.”.

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Deep Dive: Credit Unions Work To Keep Members’ Data Private

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Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. Failing to prevent a data breach is a surefire way to lose that trust, however. Data Breaches Within And Without. Credit unions are no strangers to data breaches.

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Banks Take Legal Action Over Wendy’s Data Breach

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The credit unions that were burned as a result of the data breach that hit America’s third-largest burger chain earlier this year are now suing the fast food eatery. The document adds that, as a result of Wendy’s alleged behavior, financial institutions have been negatively impacted by the cyberattack.

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Canadian Lender Hit With Data Breach Impacting 2.9M

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Canadian lender Desjardins Group revealed that it has been the victim of a data breach that could impact more than 2.9 Desjardins, the largest association of credit unions in North America, explained that the breach is the result of unauthorized and illegal use of the company’s data by an employee who has since been fired.

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Q2 Rolls Out Tracking Fraud Alerts Tool

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By processing the compromised files that credit card companies provide to financial institutions after a data breach, the Fraud Alerts module is able to automatically associate each fraud claim with the corresponding card breach. billion-asset Gesa Credit Union, in the same press release. .

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Hackers Sink Their Teeth Into Arby’s Credit Card Data

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Fast food chain Arby’s confirmed that credit card data was stolen from thousands of its customers due to a data breach that took place last month. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the data breach.

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ProfitStars Targets Online Bill Pay Fraud For Banks

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It enables banks and credit unions to better protect their retail and commercial customers’ digital transactions, which boosts trust and ultimately strengthens relationships.”

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