Citigroup Cites $2.7 Million in Customer Losses From Hack
Randall Smith reports:
Citigroup Inc. has told government officials that about 3,400 of the customers whose credit-card information was hacked have suffered about $2.7 million in losses, according to people familiar with the matter.
The disclosure is the first acknowledgment by the New York company that the May security breach resulted in any losses. Citigroup has previously indicated it would cover any losses, saying customers wouldn’t be liable for unauthorized use of their accounts in connection with the attack.
Read more on WSJ.