Heartland breach felt in Bermuda
Hundreds of Bermudians may have been the victims of credit card fraud stemming from a US security breach in January.
Many people have had their cards cancelled due to suspicious activity as criminals are using credit cards cloned from information stolen from a credit card processing company in the US.
Capital G President and CEO John Kephart said that around five to six percent of all cardholders in Bermuda have experienced some degree of fraud.
“There’s a lag period of time, and then the copied cards appear,” said Mr. Kephart. “The general consensus is that this is the wave of cards coming out of the breach in January.
Read more in The Royal Gazette.