DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Wire-transfer fraud poses a growing problem

Posted on September 29, 2010 by Dissent

Doreen Hemlock filed this report last week:

Identity theft takes many forms, but Lenny Vigliotti never imagined it would show up as somebody wiring $12,000 from his South Florida saving account through multiple banks to end up in the Ukraine.

Nearly three months after he noticed the money missing, he’s yet to recoup the cash. As investigations proceed, he’s found out there’s a chance he may never get those savings back either.

Rules governing wire transfers place a larger burden on account holders than laws on credit cards or debit cards, Vigliotti has learned. And his Fort Lauderdale bank says he may not have met required security requirements on his computer system — even though he has secured wireless, firewalls, anti-virus software and other protection — and so, the bank may not be liable to pay him back.

“They say someone got into my computer, not their system,” said Vigliotti, a Hollywood resident. “But my point is: If you know fraud is a problem, and you see an account that has never had wire-transfers before, how do you let someone with a fax take out thousands of dollars without checking? All they needed to do was call me and ask: Are you applying for wire transfers? And I would have said: What are you talking about?”

Read more in the Orlando Sentinel.

I’m not sure why the reporter didn’t name the bank.   Isn’t it newsworthy and wouldn’t other bank customers want to know that this is how the bank responds to its customers?  Did the bank do enough to authenticate before making the transfer?   The customer says ‘no,’ and many of us would likely agree with him:

The bank said it had received an authorization by fax to withdraw the money with a signature, phone number and fax number, which Vigliotti said were not his.

No related posts.

Category: Breach IncidentsFinancial SectorID TheftOtherU.S.

Post navigation

← Consumers Are Ditching The $2.4 Billion ID Theft Protection Market
$60 for Appliances, Furniture, Social Security Numbers, and Medical Records →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Kentfield Hospital victim of cyberattack by World Leaks, patient data involved
  • India’s Max Financial says hacker accessed customer data from its insurance unit
  • Brazil’s central bank service provider hacked, $140M stolen
  • Iranian and Pro-Regime Cyberattacks Against Americans (2011-Present)
  • Nigerian National Pleads Guilty to International Fraud Scheme that Defrauded Elderly U.S. Victims
  • Nova Scotia Power Data Breach Exposed Information of 280,000 Customers
  • No need to hack when it’s leaking: Brandt Kettwick Defense edition
  • SK Telecom to be fined for late data breach report, ordered to waive cancellation fees, criminal investigation into them launched
  • Louis Vuitton Korea suffers cyberattack as customer data leaked
  • Hunters International to provide free decryptors for all victims as they shut down (2)

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • German court awards Facebook user €5,000 for data protection violations
  • Record-Breaking $1.55M CCPA Settlement Against Health Information Website Publisher
  • Ninth Circuit Reviews Website Tracking Class Actions and the Reach of California’s Privacy Law
  • US healthcare offshoring: Navigating patient data privacy laws and regulations
  • Data breach reveals Catwatchful ‘stalkerware’ is spying on thousands of phones
  • Google Trackers: What You Can Actually Escape And What You Can’t
  • Oregon Amends Its Comprehensive Privacy Statute

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.
Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report