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Fast food chain Arby’s confirmed that credit card data was stolen from thousands of its customers due to a databreach that took place last month. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the databreach.
In the March CreditUnion Tracker , PYMNTS explores how creditunions (CUs) and creditunionserviceorganizations (CUSOs) are working to cater to the unique financial needs of their members, while also focusing on continually combating fraud. Around the CreditUnion Landscape.
Technology companies are supplying them with the products and services their members desire, working with both individual CUs and creditunionserviceorganizations (CUSOs) to develop case management platforms, modernize systems and provide advanced loan software.
As COVID-19, the disease caused by the coronavirus , ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets, creditunions (CUs) have a role to play — particularly in the battle against fraudsters who would prey upon CU members at this most vulnerable moment.
Reading the February 2020 CreditUnion Tracker ® done in collaboration with PSCU , we discover that Canadian creditunion Desjardins Group was hacked , impacting the records of 4.2 million individual and business members in 2019. They were not alone in 2019, a year when cybertheft records were set.
The news this week was that the fast food chain has been hit with a breach that affected about 1,000 corporate restaurant locations but only one of its franchise restaurants. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the databreach.
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