Wendy's Data Breach May Be One of the Worst Yet

Wendy's Data Breach May Be One of the Worst Yet

March 3, 2016         Written By John H. Oldshue

The recent data breach at Wendy’s may be even worse than the breaches at Target and Home Depot, according to Dan Berger, president of the National Association of Federal Credit Unions.

In an interview with Brian Krebs from Krebs on Security, Berger said credit unions witnessed a major increase in debit card fraud in the weeks before the Wendy’s breach was made public.

“This is what we’ve heard from three different credit union CEOs in Ohio now: It’s more concentrated and the amounts hitting compromised debit accounts is much higher that what they were hit with after Home Depot or Target,” Berger said. “It seems to have been (the work of) a sophisticated group, in terms of the timing and the accounts they targeted. They were targeting and draining debit accounts with lots of money in them.”

Berger said credit unions may face “5 to 10 times the loss on this breach” than they did with Target or Home Depot.

In a 2015 annual report, Wendy’s confirmed that malware designed to steal credit card data was found on some of its systems, but it has not confirmed which restaurants were attacked nor how many customers may have been affected.

Ohio-based Wendy’s has more than 6,000 restaurants worldwide. Most are located in North America and are owned by franchisees.

The information contained within this article was accurate as of March 3, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
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