Citigroup Sued by Cardholders Over May Security Breach

Patricia Hurtado reports:

Citigroup Inc. (C), the third-largest U.S. bank, was sued by cardholders over a May computer security breach that affected more than 360,000 accounts.

Kristina and Steven Orman of Northport, New York, sued Citigroup in federal court in Manhattan today, seeking to represent victims of the hacking in a class-action, or group, lawsuit. Money was stolen from their bank account and their credit cards were illegally used by third parties following the breach, they said.

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