Ohio Credit Union League spokesman Patrick Harris said the Northeast Ohio credit unions reportedly hit by a debit card fraud have managed to contain their fraud losses on their own.
Century’s president/CEO, Tony Coniglio, told Credit Union Times that approximately 200 accounts were hit at his 26,000-member credit union.
Cleveland’s The Plain Dealer newspaper listed two other credit unions that were hit by the breach: The $34 million First Class Credit Union Employees of Cleveland and the $98 million Best Reward Credit Union of suburban Walton Hills.
Best Reward President/CEO John Shirilla told Credit Union Times that there was no breach at his credit union.
Fraudsters reportedly made purchases using counterfeit debit cards containing stolen account information. Thieves are said to have stolen as much as $4,000 from a single account and the spending sprees reportedly took place at retailers across the U.S. and in several other countries