Citigroup, Inc (NYSE: C) disclosed on Monday that its iOS application for the iPhone and iPod Touch has been saving customer information in files on users’ smart phones and personal computers.
“We have no reason to believe that our customers’ personal information has been accessed or used inappropriately by anyone,” said spokeswoman Natalie Riper in a statement. “There has been no data breach.”
The application, “Citi Mobile”, allows U.S. Citibank customers access their checking account and credit card balances and activity, pay bills, transfer money and find nearby ATMs. The application was inadvertently logging account numbers, bill payment data and other information.
The company said that its other mobile applications do not suffer from the same problem.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. The Company provides consumers, corporations, governments and institutions with a range of financial products and services. As of December 31, 2009, Citigroup had approximately 200 million customer accounts and did business in more than 140 countries. Citigroup operates through two primary business segments: Citicorp, consisting of its Regional Consumer Banking (RCB) businesses and Institutional Clients Group (ICG), and Citi Holdings, consisting of its Brokerage and Asset Management (BAM), Local Consumer Lending (LCL), and Special Asset Pool (SAP). In April 2010, Barclays PLC acquired Italian credit card business of Citibank International Bank plc. In May 2010, the Company announced the creation of a new Collateral Management Services unit within its Securities and Fund Services business.
