Jaikumar Vijayan of Computerworld reports: A couple whose bank account was breached can sue their bank for its alleged failure to implement the latest security measures designed to prevent such compromises. In a ruling issued last month, Judge Rebecca Pallmeyer, of the District Court for the Northern District of Illinois, denied a request by Citizens…
Category: Financial Sector
Dumped private docs do not appear to have been used for ID theft
The San Mateo County Sheriff’s Office said today that the personal financial information of hundreds of people in the Bay Area found discarded in a Dumpster this month does not appear to have been used for identity theft. […] Among the mortgage, lending and title companies listed on the paper work are Alliance Title; American…
Attempted hack of Wilson County school payroll records
WSMV reports that a hacker tried to gain access to the payroll records of Wilson County school employees. The bank notified the district on Monday. The district indicated that they don’t believe any information was stolen, but is urging employees to check their accounts.
Security test prompts federal fraud alert
Robert McMillan of IDG News Service reports: A sanctioned security test of a bank’s computer systems had some unexpected consequences this week, leading the federal agency that oversees U.S. credit unions to issue a fraud alert. On Tuesday, the National Credit Union Administration (NCUA) warned all federally insured credit unions of a bogus letter that…
Credit Card fraud exposed in Andhra Pradesh
The sleuths of Cyber Crime Cell of Hyderabad Police today claimed to have busted a credit card fraud involving clandestine leakage of client’s confidential data with the arrest of four persons belonging to Andhra Pradesh. The police seized cloned credit cards of various banks, (local and international pertaining to Indians cards), skimmer (a device used…
‘The Analyzer’ Pleads Guilty in $10 Million Bank Hacking Case
Ehud Tenenbaum, aka “The Analyzer,” quietly pleaded guilty last week to a single count of bank-card fraud for his role in a sophisticated computer-hacking scheme that federal officials say scored $10 million from U.S. banks. The Israeli hacker was arrested in Canada last year for allegedly stealing about $1.5 million from Canadian banks. But before…