From the your-guess-is-as-good-as-mine dept, Amanda Dale reports: Several hundred Bank of Bermuda accounts were closed yesterday and cards cancelled as an overseas retailer reported a breach in customer security. Bank spokeswoman Susan Jackson said: “Bank of Bermuda received notification from Visa and MasterCard that an overseas vendor has been compromised and that a number of…
Category: ID Theft
Number of identity-fraud victims in Ireland hits 90,000
John Kennedy reports: More than 3,000 new cases of identity fraud have been identified since this time last year, bringing the total number of victims in Ireland to 90,000. New research brought out in conjunction with National Fraud Week, 12-18 October, reveals 51pc of Irish people are still not sure how fraudsters get access to…
UK: Firms ‘mishandle sensitive data’
About a third of UK employees throw sensitive documents in the bin instead of shredding them, research suggests. The study also found almost three-quarters of workers felt their organisations could do more to protect their customers’ sensitive information. The data was compiled for National Identity Fraud Prevention Week. Identity fraud costs the UK more than…
Two charged in superseding indictment for their roles in a $30 million bank fraud and ID theft ring
A Miami Beach, Fla., man and his driver were charged Thursday in a Superseding Indictment for their roles in a telemarketing fraud and identity theft scheme that attempted to defraud financial institutions and their account holders throughout the United States of millions of dollars through the unauthorized and fraudulent debit of customer bank accounts. Acting…
Losses from EFTPOS frauds at Perth shops hit $450,000
McDonald’s Australia is alerting customers to a huge skimming operation in Perth. As of yesterday, they had reported that about 2500 accounts had been compromised to the tune of $450,000 but today they say that they cannot guarantee that more West Australians will not be fleeced in the fraud scam. While police have so far…
Cyberthieves find workplace networks are easy pickings
Byron Acohido provides a write-up of some of the TJX and Heartland Payment Systems incidents that emphasizes the point that many hacks go undetected or unnoticed — and that cyberthieves often take considerable time to start and continue stealing data: Companies, understandably, rarely discuss data breaches. However, proof that data thieves are targeting hundreds of…