The story of a substantial loss – apparently due to criminal manipulation of withdrawal limits for pre-paid Sunrise cards issued by FIS – dates back to May, but notice only now is bubbling into public attention.

"It surprises me how little notice is being given to this loss," said security blogger Brian Krebs, a onetime Washington Post reporter and a leader in reporting on financial institution security.

News Update, April 10, 2012: NCUA Advises Credit Unions to Evaluate Relationship With FIS         

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Payments/Credit/Debit