Union First Market Bankshares Corporation, the holding company for all 90 branches of Union First Market Bank and 55 branches of StellarOne in Virginia, this week announced that it will reissue customer credit and debit cards impacted by recent data breaches at Target and Neiman Marcus.
“While the security breaches did not compromise any of Union’s systems, Union is taking a proactive step to reissue all debit and credit cards that were impacted by the data breaches at Target and Neiman Marcus,” said G. William Beale, president and chief executive officer of Union First Market Bankshares. “Union has been monitoring the impacted accounts since being notified of the security lapses. While no customer has lost money, the level of fraud and attempted fraud has increased on those accounts and therefore Union decided it was necessary to issue new cards to our customers.”
The Target security breach is thought to have involved 40 million credit and debit card accounts between Nov. 27 and Dec. 15 and the personal information of 70 million customers, who could have last shopped at a Target store months earlier. Neiman Marcus said earlier this month that it was the victim of a computer attack on card data also during the holidays.
With its headquarters in Richmond, Union First Market Bankshares recently completed a merger with StellarOne.
More information about how consumers can protect themselves from fraud is available on the Union First Market Bank website.