3.3M SC Accounts Compromised

CHARLESTON, S.C.-A state court has approved a request from the South Carolina Revenue Department to notify credit unions and banks of the 3.3 million account numbers compromised when someone hacked department tax files, allowing the depositories to determine which accounts may be at risk. The state and depositories needed the court's permission to release the info.

Gov. Nikki Haley says that taxpayers will start receiving notification letters next week if their personal financial data was stolen in massive cyber-attack thought to be the largest ever at a state agency.

Hackers stole Social Security numbers and other sensitive information belonging to 3.8 million taxpayers with 1.9 million dependents as well as nearly 700,000 businesses in mid-September. The hacking is thought to be the largest-ever nationwide at a state agency.

CUs and banks learned which accounts were involved in the breach last week and have stated flagging those accounts for monitoring.

600 Emergency Loans Made

WARMINSTER, Penn.-The $574-million Freedom Credit Union reported that in less than one month it made Emergency Relief Loans to more than 670 members following Hurricane Sandy.

Those loans, FCU said, represented more than $650,000 in dollars lent. The Emergency Relief Loan allowed members to borrow up to $1,500 and included fast turnaround.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.