
In This Issue
2
Focus on Security
2
Election Results
2
Board Nominations
2
Lake City Saturday Hours
2
Official Family
3
Free e-Statements
3
Benefits Plus
3
Upcoming Events
3
Important Phone Numbers
4
Protect Yourself
Vol. 21, No.2
June 30, 2005
SunState
Federal Credit
Union is
Federally
Insured by the
National
Credit Union
Administration
Fraud Alert Hits National News
During June many of you heard on local and national news of a
security breach at a third party merchant processor resulting in a report
that account numbers for millions of cards bearing MasterCard, Visa,
American Express and Discover had been compromised. We have been
advised that no personal data such as Social Security numbers and
addresses were involved in the breach. However, account numbers,
cardholder names, expiration dates and in some cases security codes
were exposed.
At SunState, we use state of the art fraud detection systems that
may trigger calls to you to confirm transactions. Transact ions may be
denied at the point of sale ( in event of mis-matched information such as
your phone number or address and we are unable to reach you, or if your
card has been reported as compromised to us by Visa.) It is very important
that you regularly review your transactions to assure no unauthorized
items have been posted, and to notify the credit union to dispute such
transactions to protect your rights under the consumer protection laws. If
your check or credit card issued by SunState was reported to us by Visa as
being compromised, to protect your account (and the credit union from
fraud losses) the account number was blocked for transactions. While this
creates an inconvenience, it enables us to communicate with you
concerning your account and make sure you have not lost funds due to the
breach.
Replacement cards are shipped as soon as is possible. In this
case , our staff provided some extraordinary services to those members
who were traveling to assure they had access to their funds. While rumors
abound during times such as these, we want to reassure you that SunState
is very proactive in protecting accounts from the potential for fraud. We
regularly update information on our Web site and provide links to
information issued by government agencies to assist those who may be
the victim of identity theft. You can help in this effort by using your card
only at reputable businesses, protecting your card as you would your cash,
and using the protections we provide such as Verified by Visa PINs for
Internet purchases. We would like to be able to report that the worry is
over and we can all return to pleasant shopping without the stress of
thieves lurking.
Unfortunately, ID theft continues and the incidents of hackers and
breaches continue to occur. Therefore, we encourage you to monitor your
account using the Home$banking services and to promptly report to us any
suspicious activity. We will continue to strive to be your trusted financial
partner with convenient services to enable you to have stress free banking.
Thank you for your patience as we learn to deal with these events as they
unfold. You are reminded if you were one of the accounts receiving
replacement cards, to notify your bill payment servicers of your new card
numbers so your transactions will properly clear.