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Citigroup Credit Card Portal Breach Compromises 200,000 Customers
by Fahmida Rashid
Excerpt:
Citigroup global enterprise payments head Paul Galant, who previously ran the bank's credit card unit, told Reuters in April that security breaches are a fact of life for financial institutions. However, companies need to be “thinking like hackers do,” Mark Hatton, president and CEO of Core Security, told eWEEK, noting that deploying defensive technologies and hoping they keep the bad guys out is “clearly not working.”
Source: eWeek
