Spanish breach causes “largest bank-card security breach in Czech history”

Stephan Delbos reports:

Clients of four major Czech banks could find their accounts blocked at their next visit to the ATM as a result of the largest bank-card security breach in Czech history.

ČSOB, Raiffeisenbank, Česká spořitelna and Volksbank CZ have begun blocking thousands of bank cards for customers who made transactions in Spain in spring and summer this year after it was reported that fraudsters had stolen information necessary to access these accounts, including account numbers and pin codes. Approximately 100,000 accounts in the Czech Republic could be affected by the blockages, according to the Bank Card Association.

“In the spring and summer months this year in Spain, there was a relatively extensive data leakage concerning payment cards, probably from a system processor such as an ATM,” said Roman Kotlán of the Czech Bank Card Association. “There have been reports of the misuse of stolen data to manufacture counterfeits and make payments to merchants in different parts of the world.”

Read more in the Prague Post.

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