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Union First Market reissues 10,000 cards due to data breach

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According to the Richmond Times-Dispatch on Wednesday, Union First Market Bankshares Corp. has decided to reissue over 10,000 credit and debit cards to customers whose information may have been compromised because of data theft.

Union First Market said on Tuesday it had noticed an increase of suspicious activity on a number of credit and debit card accounts. It was feared the accounts may have been impacted by the recent security breaches at Target and Neiman Marcus.

Besides the over 10,000 Union First Market cards to be reissued, an additional 5,000 cards are being reissued to StellarOne customers. StellarOne was bought by Union First Market this month.

President and chief executive officer of Union First Market Bankshares, G. William Beale, said, “While the security breaches did not compromise any of Union’s systems, Union is taking a proactive step to reissue all debit and credit cards that were impacted by the data breaches at Target and Neiman Marcus."

Capital One Financial Corporation, the largest private employer in the Richmond area, says on its website that "it has rigorous fraud systems in place that actively monitor customers’ accounts for suspicious activity."

With headquarters in Richmond, Union First Market Bankshares is the holding company for Union First Market Bank. They have 90 branches and 159 ATMs in Virginia, and StellarOne Bank, with 55 branches and 60 ATMs in the state.

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