Oregon CUs, Banks Cancel Cards After Security Alert
Several credit unions and banks in this market cancelled debit cards last week after a security alert from Fair, Isaac & Co. indicated the cards may have been compromised.
OSU FCU cancelled 1,200 of its members cards and began reissuing them immediately after the accounts were flagged, according to Carlyn Roy, chief operating officer for the $400-million credit union. The notice from Fair, Isaac came a few days after the credit union detected some transaction activity on its accounts from eastern Europe.
"We saw some activity coming out of Russia the middle of last week so we put a block on those cards," Roy told The Credit Union Journal.
She estimated a "handful" of her credit union's accounts had been used by unauthorized third-parties. OSU FCU, which serves Oregon State University, opened a branch on a Saturday where it performed instant card issuance for affected members, she said. By the following Tuesday about 755 of the cards had been replaced.
Other institutions affected were Benton County Schools CU, Central Willamette Community CU and Citizens Bank.