Citibank Details

    Organization Logo

    Citibank

    New York, New York employees • Financial Services

    Industry

    Financial Services

    Security Incidents

    1

    Citibank, N.A. is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York.

    Security Incidents

    Citibank Breach of May 2023
    Severity Score
    Moderate

    Type

    Unknown

    Summary

    In January 2023, Citi Trends, Inc. faced a class-action lawsuit for failing to protect the personal information of current and former employees during a cyberattack. Hackers were able to acquire over 350,000 customers' personal data from Citi's web application, affecting a total of 21 million customers at the time of the breach. The breach compromised information on more than 200,000 accounts, making Citibank one of the latest cyber attack victims. As a result of the breach, Citibank had to block PIN-based transactions for customers in Canada, Russia, and the U.K. This incident highlights the ...
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    Severity

    The Citibank cyber security incident in January 2023 was severe as a proposed class action lawsuit claimed that clothing retailer Citi Trends failed to protect the personal information of current and former employees during a cyberattack.

    Impact

    The breach impacted the personal information of current and former employees of Citi Trends, potentially exposing sensitive data to unauthorized parties and leading to concerns about data security and privacy.