Citibank Taiwan investigates credit card security breach
13 November 2003 | 4925 views | 0
Citibank in Taiwan is reportedly investigating an information security breach in its online credit card operations, according to the United Daily News.
The Taiwanese daily says the US bank removed its credit card application page from the Web on Tuesday, after a university student using the site claimed that he could view the personal data of other online applicants.
The bungle follows a marketing campaign initiated by the bank in August to encourage credit card applicants to complete forms online. The bank says that over 2000 people had so far used the defective system to complete applications.
Citi says that no other databases were exposed and that it will take responsibility for damages or losses incurred by customers as a result of the failure.
According to press reports, Citibank is working with the Central Bank of China and an independent risk assessment firm review the effectiveness of its Internet banking security policies and procedures.