NC: SECU probes fraud cases after security breach

Renee Chou reports:

Officials with the State Employees Credit Union are investigating 40 cases of fraud in the wake of a security breach at a company that processes credit card payments nationwide.

[…]

SECU receives card transactions through Visa, which receives the transactions from Heartland. The credit union has issued new credit cards and personal identification numbers to its 62,000 cardholders as a precaution.

“We want to take what will be the most costly approach but the most proactive approach and close those cards as quickly as we can,” said Leanne Phelps, SECU senior vice president.

[…]

Financial institutions aren’t required to notify customers about the Heartland breach, she said, but the SECU chose to do so to alert their customers about the potential for fraud.

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