BusinessTech staff report: Minister of Social Development Lindiwe Zulu says that government is in talks with stakeholders to replace South African Social Security Agency (Sassa) cards after a security breach, first reported in 2019. Responding to a written parliamentary Q&A in December, Zulu said that Sassa cards are actually bank cards issued by the South…
Category: Financial Sector
Hezbollah-affiliated financial org hacked, information leaked
Tzvi Joffre reports: A hacker group called Spiderz claimed that it has succeeded in hacking into Hezbollah’s Al-Qard Al-Hassan financial organization and leaked details on depositors and borrowers from the lender, Lebanese media reported on Tuesday. The information leaked included account numbers, government IDs and passport information, as well as registration forms, account statements and…
NC: Charlotte’s Wyndham Capital involved in class-action lawsuit over data breaches
Caroline Hudson reports: A Florida man has filed a class-action lawsuit regarding data breaches at Wyndham Capital Mortgage. Ethan Darnell filed the complaint on Dec. 10 in North Carolina’s Western District Court. In October, Charlotte-based Wyndham alerted clients and state attorneys general about an email data breach the month prior. A Wyndham employee sent an email…
RU: Freedom Finance admits data leak of 16,000 clients
InterFax reports: The broker Freedom Finance has admitted the leak of data on 16,000 clients, saying the data dated 2018, Timur Turlov, founder and general director of the broker, said on his Instagram account. It was earlier reported that the broker client’s data had appeared on several shadow forums. Read more on InterFax.
UK: Pensions firm NOW tells some customers a ‘service partner’ leaked their data all over ‘public software forum’
Matthew Hughes reports: Workplace pension provider NOW: Pensions has emailed a number of UK customers to warn about a data leakage caused by contractor error. The email, seen by this publication, claims a service provider “unintentionally” posted user data to an unnamed “public software forum”. These records include biographical data (names, email addresses, and dates…
FCA fines Charles Schwab UK £8.96 million over safeguarding and compliance failures
The Financial Conduct Authority (FCA) has fined Charles Schwab UK Ltd (CSUK) £8.96 million for failing to adequately protect client assets, carrying out a regulated activity without permission and making a false statement to the FCA. Customers affected by the breaches were all retail customers, who require the greatest level of protection. Mark Steward, Executive…