Allison Petty reports: Officials at Soy Capital Bank and Trust are working to get customers their money back after an unknown number of debit cards were compromised over the weekend. The bank was one of five Midwest financial institutions where some MasterCard-issued debit cards received fraudulent charges, said bank President Leon Hinton. The charges began…
Category: ID Theft
BofA Breach: ‘A Big, Scary Story’
Tracy Kitten reports: An internal breach at U.S. financial giant Bank of America shows how some corporations do not focus enough attention on mitigating internal fraud risks. According to news reports, a BofA employee with access to accountholder information allegedly leaked personally identifiable information such as names, addresses, Social Security numbers, phone numbers, bank account…
ID Theft Ring Targets MCS Students
WREG reports: Memphis Police charged 32 year old Erin Crutcher and 25-year-old Melissa Harris with identity theft trafficking. They’re accused of stealing the names, dates of birth, and social security numbers of hundreds of Memphis City School students. Now, Special Agent in Charge Rick Harlow says, the case has been transferred to the Secret Service….
Michaels Breach: Who’s Liable?
Tracy Kitten reports: …. What role should merchants play, when it comes to ensuring transactional security, and how should financial institutions, as card-issuers, fall into the fray? Attorney Randy Sabett, partner and co-chair of the Internet and Data Protection practice at law firm SNR Denton LLP, says the liability lines are often blurred and hard to…
FL: Two Sentenced in ID Theft and Credit Card Scheme Involving Flanigan’s Customers
Jose Cruz, 28, and Lisandra Cruz, 19, both of Hialeah, Florida were sentenced yesterday in federal court to 75 months and 48 months in prison, respectively. A co-defendant, Yuremys Marchante, 30, also of Hialeah, was sentenced to 57 months in prison on April 19, 2011. All three defendants were convicted at trial on charges of…
Federal lawsuit blames Michaels for PIN thefts
Josh Stockinger reports: A West Chicago woman has filed a federal lawsuit against Michaels, claiming the arts-and-crafts giant failed to protect customers from “cyber-pickpockets” who stole sensitive banking information from checkout keypads at stores in 20 states. The suit filed this week in Illinois’ northern district seeks class-action status and more than $5 million in…