After consulting our third-party security advisors, data and statistical indicators pointed to Monday’s initial report that heightened regional fraud and previously compromised information were the drivers for an uptick in South Carolina Federal’s fraudulent activity.
In working diligently to address and resolve member cases, we realized the need to extend our scope beyond the initial recommendation and are thoroughly investigating all possibilities, focusing on interference with ATMs.
We are working with the authorities to isolate card-cloning incidents, in which criminal parties use technology to duplicate cards using stolen data. South Carolina Federal Credit Union is offering a $5,000 reward for information leading to the arrest of these ATM fraud perpetrators.
Through amassed information we hope to bring the offenders involved to justice. If you have any information about the parties of interest in this case, pictured below, please call local law enforcement at 843-743-7200 or Crime Stoppers at 843-554-1111.
Member security is our highest priority and we encourage all members to closely monitor their accounts for unauthorized debit card access. South Carolina Federal is working with impacted members to resolve these issues.