Follow-up: Citigroup credit card customers

You probably have heard or read the news by now. Citigroup has acknowledged a computer breach. Hackers have accessed the data for tens of thousands of North American bank card customers.

According to the Associated Press, “The hackers were able to gain access to Citi’s Account Online service to view customer names, their account numbers and contact information including email addresses. They weren’t able to gain access to social security numbers, birth dates, card expiry dates or card security codes.”

I don’t have an account with this “too big to fail” financial institution. If you have one, I recommend closing your account. Why?

This instance, on a much larger scale, is the SECOND STRIKE against Citigroup. Either a year or two ago, thieves were able to withdraw thousands of dollars from a customer account. At first Citigroup denied such an occurrence but ultimately admitted the occurrence and reimbursed the customer.

Don’t hang around with Citigroup for the THIRD STRIKE.

Join a local bank or local credit union. Make sure your deposits are insured to the maximum under federal law.

And, Citigroup here’s unsolicited advice: pay your CEO & CFO a lot less and invest more & increase the pay for your IT staff.

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