Data breach could impact credit union members in Alabama and Florida

LEVERAGE has received alerts this week from both CO-OP and CSCU regarding a data compromise impacting the restaurant chain Arby’s. Some financial institutions are already seeing fraudulent activity, which may be a result of this breach. The breach, which is still under investigation, is believed to have spanned October 25, 2016 to January 19, 2017. There […]

LEVERAGE has received alerts this week from both CO-OP and CSCU regarding a data compromise impacting the restaurant chain Arby’s. Some financial institutions are already seeing fraudulent activity, which may be a result of this breach. The breach, which is still under investigation, is believed to have spanned October 25, 2016 to January 19, 2017.

There are many approaches to take when a card Issuer receives a card compromise notice. It is recommended that credit unions review the list of CO-OP’s suggested best practices to consider when determining a course of action.

If credit unions have any concerns about the impact this may have, please reach out to your credit/debit processors if you have not already received a notification. The LSCU will continue to provide updates in eSignal as we receive them.

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About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

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To be the trusted advocate and preferred source of information for credit unions.

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