James McCarthy reports: A fraud expert was shocked to receive a confidential letter from a major bank – complete with the private account details of 14 other customers. Anne Gwilliam said that when she phoned Lloyds TSB to alert them, the operator told her the gaffe was a “major security breach” and promised someone would…
Category: Financial Sector
FTC Says Mortgage Broker Broke Data Security Laws: Dumpster Wrong Place for Consumers’ Personal Information
The Federal Trade Commission has charged a mortgage broker with discarding consumers’ tax returns, credit reports, and other sensitive personal and financial information in an unsecured dumpster, in violation of federal law. According to the FTC, in December 2006, approximately 40 boxes containing consumer records were found in a publicly-accessible dumpster. The records included tax…
UK: Hackers tried to steal hundreds of millions from bank, court told
David Brown reports: An international gang plotted to steal £229 million from customers’ accounts at a leading bank by hacking into computers, a court was told yesterday. A security supervisor smuggled two Belgian computer hackers into the London offices of Sumitomo Mitsui Banking Corporation by pretending that they were friends who had arrived for a…
Two credit unions report debit card misuse linked to Heartland breach
Yesterday, we reported that Piedmont Credit Union in North Carolina had reported that 15 of its members were reporting fraudulent use of their Visa-issued debit cards, mostly at gas stations in Florida. We also reported that Oregon Territory Federal Credit Union members were reporting misuse of their debit cards. At the time of the initial…
Maine banks checking for impact from data theft (Heartland Payment Systems follow-up)
Tux Turkel reports: Maine banks and credit unions were scrambling this morning to assess the scope of a nationwide data breach involving credit and debit cards. […] It was not immediately clear whether Maine customers had been victims of fraud related to the Heartland breach, but some banks were making plans to reissue cards, just…
PCI’s Shield Suffers Another Blow As Heartland Reports a Hack
More on the Heartland Payment Systems breach reported earlier today…. from Digital Transactions: […] Princeton, N.J.-based Heartland is one of the nation’s largest acquirers, processing for about 250,000 merchant locations. It has a number of business units, including its so-called Network Services segment serving mostly petroleum retailers that Heartland bought last year from Alliance Data…