Sberbank claims to have caught the culprit who allegedly sold 5,000 customers’ credit card details

A former Sberbank employee has been accused of selling 5,000 of the bank’s customers’ credit card details on the dark web.

The Russian police has reportedly opened up the case against the unnamed suspect who is said to have confessed to the crime.

Sberbank made the announcement after completing an internal investigation.

Herman Gref, CEO and chairman at Sberbank, issued a statement on October 5 when the suspect was first apprehended.  “On behalf of the entire Sberbank team and myself let me once again apologize profusely to the 200 customers for the incident and to all our clients for any inconvenience this caused,” he said.

“We’ve learned a lot from what [has] happened and we rethought our systems to mitigate the effects of human reliability. I’d like to thank all our customers for the great trust they place in us. Let me also thank our Security Service, our BI.ZONE subsidiary, and all law enforcement agencies for the outstanding work that empowered us to solve this crime within hours.”

However, in a following statement issued on October 7, it was revealed that the former employee had allegedly compromised 5,000 customers’ credit card data. Sberbank stated that most of the data was inactive or outdated.

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst

Investors

The following investor(s) were tagged in this article.