American Bankers Association Reveals Data Breach

October 7, 2015, Written By John H. Oldshue

The American Bankers Association recently disclosed details about a data breach that compromised roughly 6,400 usernames and passwords on the association’s website. The group confirmed the computer systems were compromised last Thursday, but they do not believe that any financial data was leaked in the breach.

“We have seen no evidence that the hacker has also accessed credit card information or other personal financial information,” Frank Keating, CEO and president of the ABA, said in a statement.

Nevertheless, the data that was taken was posted online, so the organization is encouraging users to change their passwords at this time for their own protection.

The breach did impact the shopping cart on, which users utilize for purchases made on the website, or to register for services on the site.

The irony of this data breach lies in the criticism that the ABA has recently levied at Congress to instill stricter security standards on the financial sector. The group goes so far as to provide security tips for consumers to read on their website.

The ABA is working closely with a cyber forensics team to get to find the source of the problem, but this shows that any organization could be vulnerable to a breach.

The information contained within this article was accurate as of October 7, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.