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Category: Financial Sector

NC: Piedmont Credit Union members report fraud

Posted on January 20, 2009 by Dissent

Yet another payment processor? Is this related to other incidents reported this past week or something else? Who knows…. they don’t tell us. Denice Thibodeau reports: About 15 members of Piedmont Credit Union reported fraudulent purchases on their Visa-issued debit cards Tuesday, according to credit union president Tom Shields. Shields said people reported money missing…

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Heartland Payment Systems Uncovers Malicious Software In Its Processing System (updated)

Posted on January 20, 2009 by Dissent

From their press release: Payments processor Heartland Payment Systems has learned it was the victim of a security breach within its processing system in 2008. Heartland believes the intrusion is contained. […] No merchant data or cardholder Social Security numbers, unencrypted personal identification numbers (PIN), addresses or telephone numbers were involved in the breach. Nor…

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MT: Woman gets prison for bank fraud

Posted on January 18, 2009 by Dissent

Slightly o/t, but once again we see employees falling for it… Clair Johnson of the Billings Gazette reports on a ring that defrauded banks in Montana, Wyoming, Oregon, Minnesota, Indiana and Kentucky: In the scheme, Isaacs would present a bank with a credit or debit card for a cash advance of less than $10,000. When…

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In: Ankleshwar company’s bank account hacked

Posted on January 18, 2009 by Dissent

A police complaint has been filed against eight persons on Friday for their involvement in hacking the online bank account of Gujarat Insecticide Ltd at GIDC here and transferring Rs 7.39 lakh. “They transferred the amount to a different account and pocketed the money,” said an official. The company’s account in Bank of Baroda was…

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OR: Salem credit union accounts compromised

Posted on January 15, 2009 by Dissent

David Krough reports: Customers at a Salem-based credit union are being warned of a possible security breach. Salem Police said they’ve had more than ten reports since January 12th of Oregon Territory Federal Credit Union debit accounts being compromised. Investigators said they didn’t know if debit cards had been stolen or the suspects just obtained…

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The World Bank’s Data Breach, And Its Sorry Follow-Up

Posted on January 12, 2009 by Dissent

Bob Evans reports: The World Bank (annual IT budget about $250 million) has been hit by a range of data breaches, at least one of which involved info belonging to staffers. So a corporate guy overseeing IT has sent a flaccid memo to the whole organization. Take a look at the memo and ask yourself…

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