Joe Coohey reports: Eight people, including a former bank teller, were charged Thursday with participating in an identity theft ring that used account information stolen from customers of Cherry Hill-based TD Bank, said acting Attorney General John J. Hoffman. The group is accused of stealing more than $150,000 from bank branch offices in South Jersey….
Category: Financial Sector
Louisiana Agencies Notified of Breach Across Certain JPMorgan Chase Systems; Breach Not Confined to Louisiana (Update1)
Press release issued by Commissioner Kristy Nichols: BATON ROUGE – Commissioner Kristy Nichols announced that three Louisiana state agencies were notified by JP Morgan Chase today that a data breach may have exposed the personal information of certain Louisiana citizens. The Louisiana Department of Revenue (LDR), the Louisiana Workforce Commission (LWC), and the Louisiana Department…
HSBC offering customers credit monitoring services after rogue employee stole and misused their information
HSBC is offering some customers five years’ worth of free credit monitoring service after learning that a rogue employee had been improperly accessing customer information since early this year. The offer of extended services was for those who information had been accessed multiple times. Others were offered 1 year of free services. You can read…
How Germany’s taxman used stolen data to squeeze Switzerland
Edward Taylor, Matthias Inverardi and Mark Hosenball report: In the digital age, pen and paper are useful tools for intrigue. In 2007, Sina Lapour, an assistant to a private banker at Credit Suisse, hand-copied the names of potential tax evaders listed on two of the firm’s internal computer systems. By not downloading information, Lapour avoided…
Western Union dismisses threat of data security breach at PrivatBank
Christopher J. Miller reports: A regional head of the U.S.-based financial services and communications company Western Union said he is not worried about recent security breaches at Ukraine’s largest bank which allowed a hacker to obtain sensitive data of Western Union customers, potentially putting them at risk for fraud. Ulugbek Umarov, Western Union country director…
European Data Protection Authorities investigate bank data security
The Belgian and Dutch Data Protection Authorities (DPAs) will be conducting an investigation into the security of SWIFT’s payment networks following, among others, international media reports on foreign intelligence services – possibly the NSA – allegedly having unlawful access under European law to financial messaging data at SWIFT. The Dutch Data Protection Authority (CBP) and the Belgian…