Remy Samuels reports: A participant in a retirement plan managed by J.P. Morgan Chase & Co. has initiated legal action against the company following recent reports of a data breach where over 451,000 plan participants’ personal details were exposed, According to the lawsuit filed in the U.S. District Court for the Southern District of New York on May…
Category: Financial Sector
On Q Financial announces data breach, law firm feeding frenzy follows
On April 2, Arizona-based On Q Financial notified the Maine Attorney General’s Office of a breach the mortgage lender experienced. Within days, law firms announced investigations into the breach and sought potential class action members. Was there anything particularly unique that would trigger a legal feeding frenzy? No. But On Q Financial holds financial data…
Too Speculative’: US Judge Throws Out Data Breach Suit Against Ally Financial
Jane Wester reports: U.S. District Judge Nelson Román of the Southern District of New York on Monday dismissed a proposed class action lawsuit against Ally Financial, finding that the plaintiff failed to establish the injury suffered by a data breach incident. Named plaintiff David De Medicis sued the bank in 2021, arguing that the security…
UniCredit hit with £2.3 million fine for data breach
FinExtra reports: UniCredit, Italy’s second-largest bank, has been fined €2.8 million (£2.3 million) by the country’s data protection authority over 2018 data breach case. The 2018 cyber attack on the bank’s mobile banking platform impacted the data over 750,000 customers. The sanction, announced on Thursday, is a reminder that “banks must take all necessary technical…
loanDepot notifying 17 million customers after ransomware attack in January
On February 16, BlackCat added loanDepot to their dark web leak site, but without any data as proof. At the time, they claimed that LoanDepot had shown up in the negotiation chat, and had offered $6 million for the data and a decryptor, but allegedly claimed they could offer more after the weekend. But after…
Real identity of Bitcoin founder ‘Satoshi Nakamoto’ could FINALLY be revealed in court…and may unlock £36billion fortune
Iona Cleave reports: The real identity of Bitcoin founder Satoshi Nakamoto could finally be revealed, unlocking the key to his £36billion fortune. A UK court will now decide if Craig Wright, 54, is the mysterious, anonymous crypto-king who disappeared from the internet over a decade ago. Wright, an Australian computer scientist who lives in London, has been…