Credit unions experienced larger losses than other institutions as a result of the Target breach, according to a new study from ATM network PULSE.
According to The 2014 Debit Issuer Study, while large banks saw 7% of the debit card base affected by fraud in 2012, that number climbed to 14% in 2013, with 10% coming from Target's breach, the report found.
Small banks saw the percentage of their debit card base affected by fraud climb from 5% in 2012 to 12% in 2013 with 9% coming from the Target theft.
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