Banks Suffer Breaches
DATA LOSS—AUSTRALIAMay 27, 2011
Major banks are contacting customers to inform them that an external merchant has suffered a potential data breach, ZDNet reports. Commonwealth Bank, one of those affected, has contacted some 8,000 customers and is monitoring accounts and reissuing cards. Westpac Bank is also notifying customers, though reporting only a small number have been affected. National Australia Bank is using fraud detection technology to monitor at-risk accounts. The breached merchant has not been named.