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Romanian bank blocks 17,000 cards in security scare
A Romanian bank has blocked 17,000 cards after Visa and the Romanian Banks Association reportedly discovered a possible database security breach at a European payments processor.
Romania Business reported CEC Bank has blocked the cards after Visa received notification of the possible breach.
The Romanian Banks Association revealed the threat on Wednesday, which may have affected several banks and led to information leakage on transactional data. Catalin Cretu, general manager of Visa Europe for Romania, was quoted as saying that it was working with banks to make sure cardholders are protected. He advised cardholders to pay attention to their accounts and report any suspect or unusual activity.