Colin Staub reports: Morgan Stanley has identified the data center decommissioning provider it claims was responsible for a data-breach incident, which led to lawsuits and a $60 million penalty against the financial giant. The bank was named as a defendant in several class-action lawsuits last, after customer information was mismanaged during 2016 and 2019 computer…
Category: Financial Sector
JP Morgan Chase Bank Admitted Leaking Sensitive Data of its Customers
Ax Sharma reports: Chase Bank has admitted to the presence of a technical bug on its online banking website and app that allowed accidental leakage of customer banking information to other customers. […] The issue is believed to have lasted between May 24th and July 14th this year, and impacted both online banking and Chase Mobile app customers who…
Brazilian National Treasury hit with ransomware attack
Angelica Mari reports: The Brazilian government has released a note stating the National Treasury has been hit with a ransomware attack on Friday (13). According to a statement from the Ministry of Economy, initial measures to contain the impact of the cyberattack were immediately taken. The first assessments so far have found there was no damage…
Morgan Stanley asks court to throw out data security lawsuit
Ryan W. Neal reports: Morgan Stanley has asked a New York federal court to throw out a class action lawsuit alleging the firm failed to properly wipe sensitive client information from decommissioned computer equipment that has since gone missing. The former clients cannot plausibly identify instances of personal data being accessed or misused, or any…
Inside Forkbombo, the dreaded Kenyan cybercrime gang
Brian Wasuna reports: When financial institutions in Kenya started recording increased cyber-attacks in 2010, it was believed the country’s detectives would easily stamp out the crime. Back then, most cybercrime incidents involved hackers stealing small amounts of money that were near impossible to detect, before graduating to big money heists, in a what is known…
ClearBalance notifying more than 209,000 patients who have medical expense loans
Many readers may never have heard of CSI Financial Services, LLC but as ClearBalance, the California firm services loans made by hospitals and providers to patients who need to finance medical expenses. A recent filing with the Maine Attorney General’s Office reveals that beginning on March 8, there was unauthorized access to some employee email…