Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Germany

Banks exchange 1000s of credit cards after hack attack

byCT Report
12/02/2016
in Germany
Share on FacebookShare on Twitter

BERLIN: Several large German banks have had to exchange thousands of customers’ credit cards after details were stolen in a hacker attack at the end of last year.

In total around 85,000 customers have had their MasterCard or Visa credit cards exchanged over the past few weeks, with the banks saying it is a purely precautionary measure.

You might also like

Germany Raises 2020 Growth Forecast Slightly to 1.1%

03/02/2020

A top German carrier picks Huawei to help build its 5G network in potential snub to the US

21/01/2020

Hackers broke into a weak spot in the security systems of the banks through an accounting firm in western Germany, the Berliner Zeitung reports.

Postbank, Commerbank, and Landesbank Berlin, which owns Berliner Sparkasse, were all affected.

Worst hit was Postbank which has had to exchange 55,000 cards. Sparkasse and Commerzbank have each sent out 15,000 new cards to customers.

A spokesperson for Postbank told The Local that the security risk had hit customers across Germany, but that the measure was a purely precautionary one.

“While the number of 55,000 may sound high, one should remember that we have given out a total of 1.6 million credit cards to our customers,” she said.

Affected customers would be informed by post she said, “but this does not mean that their old cards have been misused.”

Postbank could not confirm whether money had in fact been stolen from any of its customers but said that, in the case that this has taken place “customers would of course be compensated after a careful investigation of their complaint.”

Sparkasse customers received an email which said “We believe that someone has had access to your credit card data. That can for example occur during a payment process.”

But a spokesperson for the bank reassured customers that the exchange of cards was purely a precautionary measure.

“As soon as our early detection mechanisms receive indications [of suspicious activity], threatened cards are blocked and exchanged,” Konstanze Stempel told the Berliner Zeitung.

If individual customers have lost money as a result of the data theft, “the bank will of course compensate them,” Stempel said.

The accounting company which is alleged to have been the target of the attack denied that hackers could have accessed customer details through them, placing the blame instead on a third party which accepts credit cards.

“”That could for example be an online shop or a hotel, in which the payment mechanism was manipulated,” a spokesperson told the Berliner Zeitung.

Related Stories

Germany Raises 2020 Growth Forecast Slightly to 1.1%

byadmin
03/02/2020

BERLIN: THE German government modestly raised its economic growth forecast for the country this year to 1.1%. Germany's economy, Europe's...

A top German carrier picks Huawei to help build its 5G network in potential snub to the US

byadmin
21/01/2020

Telefonica Deutschland, one of Germany’s top mobile carriers, has picked Huawei and Nokia to build out its 5G network. 5G...

Gold price surges amid geopolitical uncertainty

byadmin
13/01/2020

These are golden days for gold, the precious metal whose very name is a synonym for something special and successful....

India may overtake Germany to become fourth-largest economy in 2026: Report

byadmin
30/12/2019

India is expected to overtake Germany to become fourth-largest economy in 2026 and Japan to become third largest in 2034,...

Next Post

Spain: world's second largest melon exporter

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.