Bank of America Denies Breach

Detroit Cardholders Likely Affected by Third-Party

By Tracy Kitten

Bank of America branches in Greater Detroit were reportedly flooded this past weekend, after several BofA debit cardholders noticed fraudulent transactions on their accounts.

According to one local news report, the incident involves more than $100,000 in fraudulent debit transactions. Over the weekend, Detroit BofA branches were working to assess the geographic breadth of the incident, the news report states. How the cards may have been compromised, such as via a skimming attack, also was not known.

BofA spokeswoman Diane Wagner says BofA has not released any information about debit fraud, adding, "There was no breach at Bank of America."

BofA does not provide details about potential debit compromises, Wagner says. "If we think a customer's card has been compromised at a third-party location, we'll block and reissue the card, which is what we did in this case," she says.

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