Hugo Miller reports: An ex-employee of UBS Group AG charged with stealing data on the bank’s clients and selling it to German tax authorities stands trial in Switzerland on Monday, in a case that rakes up the thorny issue of whether such leaks are the work of a whistleblower or a thief. The man, whom…
Category: Financial Sector
Brazilian bank Inter pays fine over customer data leak
Angelica Mari reports: Brazilian bank Inter has achieved a settlement over a major security flaw that leaked data of nearly 20 thousand account holders earlier this year. Under the conclusion for the case, announced by Brazil’s Public Prosecutor’s Office (PPO) on December 18, the bank will pay 1.5 million reais ($382,000) as a means to…
SD Calif. Dismisses Data Security Breach Class Action Against Mortgage Company
Christopher P. Hahn. writes: The U.S. District Court for the Southern District of California recently dismissed a consumer’s putative class action lawsuit against a mortgage lending and servicing company for purported damages sustained as a result of a security breach wherein his personal information was compromised, and the hackers attempted to open credit cards in…
AU: Commonwealth Bank customers’ medical data exposed in potential privacy breach
Dan Oakes reports: The Commonwealth Bank is urgently investigating a potential data breach that may have given its staff access to customers’ sensitive medical information. The issue was discovered around late July as the bank made preparations for the $3.8 billion sale of its insurance arm, CommInsure, to the AIA group. Medical information supplied by…
NZ: Bank staff exposed for using private information to stalk
Rob Stock reports: “Employee browsing” is a term for when bank staff access customers’ private information for their own uses. And Privacy Commissioner John Edwards says banks aren’t doing enough to prevent it. Following the publication on Monday of a review of bank conduct by the Financial Markets Authority and Reserve Bank of New Zealand, Edwards said banks must…
Card data of 20,000 Pakistani bank users sold on dark web: report
Dunya News reports: Echoes pertaining to the sale of Pakistani bank users’ credit and debit cards in black market continues to resonate. An international report suggests that the card data of at least 20,000 Pakistani bank users have been sold at the dark web. It includes 22 Pakistani banks and 19,864 cards. In the first…