reported data breach Data breach reported (Image: Shutterstock).

The $295.5 billion Lévis, Quebec-based Desjardins, Canada’s largest credit union with 7 million members and 46,216 staffers, and one of the world’s largest financial institutions, disclosed an employee-caused breach.

In a statement posted on its website, the financial institution said “an ill-intentioned employee” swiped data of 2.9 million members (2.7 million home users; 173,000 businesses and associated contacts). “In light of these events, additional security measures have been put in place to ensure all our members’ personal and financial data remains protected.”

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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