Back End News reports: The Philippines’ National Privacy Commission (NPC) has ordered Familyhan Credit Corp. to immediately stop processing the personal data of more than 6,000 borrowers following an investigation of complaints that the online lender has put at risk the privacy of the data subjects in violation of the Data Privacy Act of 2012…
Category: Financial Sector
ThinkMarkets Sues Former Employee for Data Theft
Arnab Shome reports: TF Global Markets (Aust) Limited, the Australian unit of forex broker ThinkMarkets, has filed a lawsuit against its former employee James Sorenson over some serious allegations of data theft and distributing them to its rival. The 31-page lawsuit filed at an Illinois court detailed that the former employee gained access to several confidential…
Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers
A Proposed Rule by the Comptroller of the Currency, the Federal Reserve System, and the Federal Deposit Insurance Corporation on 01/12/2021 This document has a comment period that ends in 90 days. (04/12/2021). You can submit a formal comment on it. Summary: The OCC, Board, and FDIC (together, the agencies) invite comment on a notice of proposed rulemaking (proposed rule or…
New Zealand central bank: unnamed third-party file-sharing service was hacked
AP reports: New Zealand’s central bank said Sunday that one of its data systems has been breached by an unidentified hacker who potentially accessed commercially and personally sensitive information. A third party file sharing service used by the Reserve Bank of New Zealand to share and store sensitive information had been illegally accessed, the Wellington-based bank said…
Russian Hacker Sentenced To 12 Years In Prison For Involvement In Massive Network Intrusions At U.S. Financial Institutions, Brokerage Firms, A Major News Publication, And Other Companies
Audrey Strauss, the Acting United States Attorney for the Southern District of New York, announced today that ANDREI TYURIN, a/k/a “Andrei Tiurin,” was sentenced in Manhattan federal court to 144 months in prison for computer intrusion, wire fraud, bank fraud, and illegal online gambling offenses in connection with his involvement in a massive computer hacking…
In: 10 crore Indians’ card data selling on Dark Web: Researcher
Helpful note: 10 crore = 100 million. Economic Times Tech reports: Independent cybersecurity researcher Rajshekhar Rajaharia claimed on Sunday that data of nearly 10 crore credit and debit card holders in the country is being sold for an undisclosed amount on the Dark Web. According to Rajaharia, the massive data dump on the Dark Web…