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Category: Business Sector

IN: Employee defection sparks battle between brokerages

Posted on April 17, 2014 by Dissent

Chris O’Malley reports: A legal battle has broken out between two insurance brokerages, with Hylant Group alleging Huntington Insurance hired one its former employees who then lured away two of its clients. Toledo,Ohio-based Hylant, which has offices in Carmel, alleges former employee Nicholas Iaonnacci, of Indianapolis, violated a two-year non-compete clause of his employment agreement…

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Moscow Hacker Faces Extradition Requests by U.S., Russia

Posted on April 17, 2014 by Dissent

David Voreacos and Maud van Gaal: A Muscovite accused of helping to lead the most prolific computer hacking ring to hit corporate America faces competing extradition requests by the U.S. and Russia. Vladimir Drinkman, who has been in custody in the Netherlands since his arrest on June 28, 2012, was the subject of an extradition…

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Michaels Stores (finally) confirms breach affecting 2.6M cards at Michaels, 400K at Aaron Brothers

Posted on April 17, 2014 by Dissent

Michaels Stores, who announced on January 25 that they had been informed of a possible breach that they were investigating, has now (finally) confirmed the breach first reported by Brian Krebs. Posted on their web site today: In January, we notified you that we might have experienced a data security incident. We wanted you to…

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FL: Former National Fast Food Restaurant Chain Employee And Co-Defendant Plead Guilty In Identity Theft Tax Fraud Scheme

Posted on April 17, 2014 by Dissent

Tekia Jones, 37, of Hallandale, and Ivory Covington, 29, of Miami, each pleaded guilty in federal court in Florida to one count of access device fraud, in violation of Title 18, United States Code, Section 1029(a)(3), and one count of aggravated identity theft, in violation of Title 18, United States Code, Section 1028A(a)(1). Sentencing is scheduled…

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UK: Holiday Extras investigates security breach

Posted on April 17, 2014 by Dissent

Seen on Travel Mole: Holiday Extras is investigating how the email addresses of nearly 5,000 of its customers were wrongly shared online. It is contacting 4,852 customers to tell them about the security breach, which it blamed on a mistake by one of its marketing partners. In a note to its customers, Holiday Extras assured…

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U.S. Agent Lures Romanian Hackers in Subway Data Heist

Posted on April 17, 2014 by Dissent

Del Quentin Wilber reports: …  The Secret Service and FBI are investigating an increasing number of attacks on U.S. retailers’ data, including the massive breach of Target Corp. (TGT:US) last year that affected more than 40 million debit and credit card accounts. Investigators won’t talk about the Target probe. Instead, the Secret Service pointed to O’Neill’s investigation that…

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