Nick Delgado reports: Advisors Unlimited controls at least $25 million in assets for their 1,000 clients. And according to company president Frank Salas, their Hagatna office was burglarized on September 11. Salas says several miscellaneous items were stolen, but the most important was an external hard drive containing confidential client information including financial and personal…
Author: Dissent
FBI arrests dozens in raid on massive N.J. bank-fraud ring
Joe Ryan reports: FBI and IRS agents swept across New Jersey this morning and arrested roughly 50 alleged members of a massive bank-fraud ring that authorities say hijacked identities of overseas workers to bilk financial institutions. Authorities say members of the ring used Social Security numbers from Asian immigrants who worked in American territories, including…
Senate hearing on S.3742: Data Security and Breach Notification Act of 2010
The Consumer Protection, Product Safety, and Insurance Subcommittee of the Senate Committee on Commerce, Science, and Transportation will be holding a legislative hearing on S.3742, the Data Security and Breach Notification Act of 2010 (pdf): Sep 22 2010 2:30 PM Russell Senate Office Building – 253
Update: Roseville credit-card fraud traced to one restaurant
Bill Lindelof reports: Hundreds of local cases in which thieves have collected credit-card numbers and used them to fraudulently make purchases have been traced to customers who frequented one Roseville restaurant, police said today. Roseville police said that hundreds of credit-card numbers were compromised at Paul Martin’s American Bistro. Read more on the Sacramento Bee….
Are colleges and universities at greater risk of data breaches?
John Cox discusses the recent report by Application Security, mentioned previously on this site. A database security vendor says colleges and universities need to do more to secure their databases against break-ins. Application Security, which uses the name AppSec, reviewed data breaches in higher education, drawing from a variety of published sources. The company, based…
12 reasons why we’re losing the identity theft battle (and why you should care)
Neal O’Farrell, Consumer Security Adviser for Intersections Inc, writes: 1. Zero Liability has made consumers feel they have nothing to lose. The notion of zero liability came from a blend of federal law (the FACT Act or FACTA) and marketing savvy by financial institutions, to shift losses to identity theft from consumers and victims to…