Name of Entity
Compass Bank
Organization Type
Businesses-Financial and Insurance Services
Address
Birmingham, AL
United States
Description
A database containing names, account
numbers and customer passwords was stolen. A credit-card encoder and
software to encode the information onto blank cards was also used
to acquire information from ATMs. A former programmer at Birmingham,
Ala.-based Compass Bank stole a hard drive containing 1 million customer
records and used some of that information to commit debit-card fraud.
The thief had used the information stolen from Compass Bank's database
to create about 250 counterfeit debit cards. He was able to use about
45 of those cards to access and withdraw cash from customer accounts
at the bank before he was arrested.
numbers and customer passwords was stolen. A credit-card encoder and
software to encode the information onto blank cards was also used
to acquire information from ATMs. A former programmer at Birmingham,
Ala.-based Compass Bank stole a hard drive containing 1 million customer
records and used some of that information to commit debit-card fraud.
The thief had used the information stolen from Compass Bank's database
to create about 250 counterfeit debit cards. He was able to use about
45 of those cards to access and withdraw cash from customer accounts
at the bank before he was arrested.
Date of Breach
01/01/2008
Source