Citibank Reissues Some Payment Cards After Fraudulent Withdrawals

In response to a series of unauthorized ATM withdrawals, Citibank has reissued an unspecified number of debit and credit cards, the Channel Register reports.

Citibank also blocked PIN-based transactions of its branded MasterCards in the U.K., Russia and Canada to stop any further fraudulent withdrawals, according to the Channel Register.

The troubles at Citibank were first revealed when a blogger with the popular blog site Boing Boing reported that he had experienced some complications using a Citibank card at an ATM in Canada, leading him to begin investigating the issue, the Channel Register reports.

According to SecurityFocus, Citibank issued the following release in response to inquiries regarding the breach:

“Recently, we became aware of fraudulent ATM cash withdrawals on Citi-branded MasterCard credit and debit cards used in the UK, Russia and Canada on customer accounts that had been possibly compromised in previous retailer breaches in the U.S. To protect customer accounts that were affected, we placed a special transaction block in those three countries on PIN based transactions. We are currently reissuing cards, as appropriate, to affected customers.

“Protecting our customers’ accounts and personal information is one of our highest priorities.”

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