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Alert for Visa card security




Alert for Visa card security
Alert for Visa card security



http://www.news.com.au/mercury/story/0,22884,22066995-5007221,00.html 

By DAVID KILLICK
July 13, 2007

HUNDREDS of Tasmanian Visa card holders have been told to cut up their 
cards after a security breach in Sweden.

Computer tapes containing card holders' details nationwide were among 
items in a car stolen from a Swedish data processing company in May.

Many Australian financial institutions are affected, but only some are 
notifying customers.

Islandstate Credit Union has written to card holders this week warning 
them to cancel cards and to report unauthorised transactions.

"Your islandstate Visa card details may have been compromised on or 
after May 25, 2007, due to a possible data breach in Sweden," it says. 
"As a precaution your Visa card needs to be cancelled and a new card 
issued."

Islandstate credit union spokeswoman Marsha Cadman said fewer than 5 per 
cent of the credit union's 80,000 customers were affected.

No instances of fraud had been reported and the credit union was taking 
a precautionary approach, she said.

"This is not an issue our members should be concerned with. It impacted 
only a small number of members.

"Some other financial institutions on the mainland haven't cancelled 
cards, they've just let it go, some of them cancel them immediately.

"We prefer to take the middle ground and say check the card, make sure 
there's no transactions, and we encourage you to come in and cancel."

Abacus Australian Mutuals manager for financial crimes Leanne Vale said 
there had been no reports the stolen data had been used in crimes.

"It's a low risk event," she said. "Our credit unions are very prudent 
and they will always err on the side of caution and will reissue cards 
and contact card holders and maintain a high level of interaction with 
their customers. Other financial institutions may not choose to do 
that."

Australian Bankers' Association chief executive David Bell said banks 
were aware of the breach and were monitoring customers' accounts.

Visa International spokeswoman Pauline Hayes said card holders were 
protected against any unauthorised purchases by a zero-liability fraud 
protection policy.


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