BEWARE: Debit Card Users

You need to know about this!!! While the bank I work for appears to have gone unaffected, many of the nations biggest banks are being hit by bogus debit cards.

The unfolding debit card scam that rocked Citibank this week is far from over, an analyst said Thursday as she called this first-time-ever mass theft of PINs "the worst consumer scam to date."
Wednesday, Citibank confirmed that an ongoing fraud had forced it to reissue debit cards and block PIN-based transactions for users in Canada, Russia, and the U.K.

But Citibank is only the tip of the iceberg, said Avivah Litan, a Gartner research vice president. The scam -- and scandal -- has hit national banks like Bank of America, Wells Fargo, and Washington Mutual, as well as smaller banks, including ones in Oregon, Ohio, and Pennsylvania, all of which have re-issued debit cards in recent weeks.

"This is the worst hack ever," Litan maintained.

This is why I never allowed my banks to issue me a debit card, just a regular ATM card. And I use only credit cards for purchases, because you are protect d by law from liability for false charges.