Credit cards cancelled over fraud fears

BANKS have been forced to recall thousands of Irish credit cards amid fears they may have been used by fraudsters in the US.

An estimated 3,000 people have had their cards cancelled, revoked and re-issued since Visa and Mastercard issued a worldwide security alert to financial institutions, warning them of a possible security breach.

It is believed that more than 2,000 AIB and Bank of Ireland customers have been affected, along with 100 TSB customers and 73 holders of NIB credit cards. Ulster Bank had no evidence that its customers had been affected by the security breach, but is continuing to monitor the situation.