Swiss lawmakers yesterday took upon themselves to safeguard the citadel of the country’s secretive banking system as they rejected a deal in parliament to hand over 4,450 names of wealthy Americans who held secret offshore accounts with Swiss bank UBS. Switzerland’s lower house rejected a bill to approve the settlement arrived at between the governments…
Author: Dissent
Security breach exposes Tufts alumni records (UPDATE)
Thousands of Tufts University alumni have received letters over the past few days warning about a computer security breach that may have left their social security numbers and other personal information exposed. According to school officials, several computers were exposed to an unknown virus or malicious software program. The computers contained old student files and…
FTC Approves Final Settlement Order with Dave & Busters
Following a public comment period, the Federal Trade Commission has approved a final settlement order with entertainment operation Dave & Busters. The final order settles charges that the company failed to secure customers’ sensitive credit and debit card information, resulting in several hundred thousand dollars in fraudulent charges. The FTC vote approving the final order…
Ex-LA Social Worker Charged In $1M Tax Return Scam
A former Los Angeles County social services worker has been charged with filing bogus tax returns using indigent clients’ identities to obtain $1 million in tax refunds. The U.S. attorney’s office said Tuesday that Trang Van Dinh was indicted on 11 counts of identity theft and 11 counts of making false claims to the United…
Another Small Company Takes a Financial Hit on the Cyber Chin
Matthew Gardiner writes: Similar to the case of Hillary Machinery that I previously blogged about, another small company, DKG Enterprises, has recently taken a nearly $100K hit from cyber thieves. Very simply the thieves stole the corporate controller’s banking credentials, fraudulently transferred money to multiple mules, and voila, goodbye $100K. The headline of the KrebsonSecurity…
CO: Credit card fraud rising Havasu residents reporting more cases each year
Jayne Hanson reports: A credit card fraud phenomenon sweeping the nation has caused concern for Lake Havasu City Police Department’s white-collar crimes experts. […] “What we are seeing is some new type of activity,” said Lake Havasu City Police Det. Scott Cheshire. When merchants use virtual credit card systems to batch charges at the end…