SC banking group hopes to stop fraud on accounts - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

SC banking group hopes to stop fraud on accounts

Posted: Updated:

By SEANNA ADCOX
Associated Press

COLUMBIA, S.C. (AP) - The president of the South Carolina Bankers Association says his group has created a way to detect fraud on customers' bank accounts following last fall's hacking of taxpayers' filings with the Department of Revenue.

Fred Green told a House panel on Thursday the network should be in operation by month's end.

The stolen data included 3.3 million unencrypted bank account numbers. Green says 1.1 million of those are in-state and active.

Banks received the checking account numbers through a court order last month. Green says knowing precisely which accounts were compromised allowed banks to eliminate some customers' unnecessary anxiety, as well as flag impacted accounts.

If a customer reports or a bank detects fraud on a flagged account, banks across the state will be alerted to hopefully stop similar attempts.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • High Profile CasesMore>>

Powered by WorldNow

ABCNews4 WCIV-TV

888 Allbritton Dr.
Mt. Pleasant, SC 29464
843-881-4444 | Advertising Information

Public Information File

For assistance with accessing WCIV-TV's public information file, click here.

Advertising

Advertising Credit Application and Terms and Conditions PDF.

Powered by WorldNow
All content Copyright © 2014 WCIV and Worldnow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.