Citigroup Admits $2.7 Million of Customers’ Money Stolen Due to Hack

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Citigroup estimates that around 3,400 customers were affected by the online security breach it experienced earlier this year, costing somewhere in the region of $2.7 million when credit card information was stolen by hackers.

This is the first time that Citi is publicly acknowledging any financial losses as a result of the hack, which affected more than 360,000 credit card accounts in May.

(MORE: Citigroup Says 360,000 Credit Cards Were Hacked)

According to an email earlier this month from spokesman Sean Kevelighan, the bank “immediately rectified the data breach upon discovery, while also placing internal fraud alerts and monitoring on all accounts at risk” and began investigating which accounts had been accessed, and what effects such access had.

With both investigations completed, Kevelighan now says that customers will be reimbursed for their losses.

MORE: How Hackers Easily Stole User Data from Citigroup

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