Henry Raymond

Fairfax News => Current News & Events => Topic started by: Henry on May 20, 2008, 06:51:12 AM

Title: TD Bank North Relying On Computer Fraud Software
Post by: Henry on May 20, 2008, 06:51:12 AM
TD Banknorth has notified New Hampshire customers that their Visa debit or credit cards have been compromised, most likely because of the Hannaford Brothers Supermarkets security breach.

Bank spokeswoman Jennifer Carlson says the bank noticed the fraud cases. She said a privacy policy prevented her from saying how many customers were involved.

TD Banknorth says instead of having a mass cancellation and reissuing its Visa debit and credit cards, it's relying on fraud-detection computer programs which it says can monitor for fraud and even decline transactions as they are being made.

In March, Hannaford announced that a security breach had compromised more than 4 million customer card numbers.