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February 16, 2007

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    NEWS: Delaware Bank Accoutholders at Risk
     


    This week, customers at several Delaware banks reported funds being filched from their checking and savings accounts after making purchases at a Rite Aid store at the Graylyn Crest Shopping Center using PIN-based debit cards.


    Those reporting the incidences of theft so far are customers at Wachovia, Wilmington Trust, PNC, DPL Federal Credit Union, Dexsta Federal Credit Union, Commerce Bank, and Delaware National Bank. The Rite Aid purchases were found to be the common denominator between the affected consumers, who number around fifty at this point. The unauthorized withdrawals have ranged from $500 - $1,000 apiece, and at least a few customers had more than one withdrawal made against their account. The withdrawals have been traced to Montgomery, PA and Delaware County, PA, although officials agree that they expect to find more locations.


    The Rite Aid location that has been identified as the epicenter of the breech is running an internal investigation, and is also being investigated by Delaware police.


    The financial institutions holding the pilfered accounts are currently undertaking damage control measures to not only secure the accounts tampered with, but also protect their other accountholders. Many are issuing new cards to account holders by mail.


    Until the issue is resolved, experts advise that the best way to prevent theft of your PIN number is to run your debit card as a credit transaction that requires your signature to complete it.



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