Major Banking Lobby Discloses Hack, While Pushing to Regulate Retailer Cybersecurity

Major Banking Lobby Discloses Hack, While Pushing to Regulate Retailer CybersecurityAttackers stole email addresses and passwords from visitors to the website of the American Bankers Association, the financial industry group that wants laws forcing retailers to improve data protection. 

The credentials "used to make purchases or register for events through aba.com’s shopping cart have been compromised,” the association wrote in an e-mail to people who had used the online checkout system. “Like the banks we serve, ABA takes data security very seriously. We also recognize that despite significant security measures, breaches can and do occur.”

Unlike payment card breaches at retailers, this incident does not appear to have compromised consumer financial information. 

ABA is not aware of any fraud tied to the incident.

According to American Banker, at least 6,400 of the compromised bankers' records had been posted online.