Na Jeong-ju reports: The Financial Supervisory Service (FSS) has rejected a consumer group’s request to examine the extent of damage consumers suffered from recent data theft cases involving major financial firms here. The decision has triggered protests from victims. In early February, the Financial Consumer Agency asked the regulator to probe the banks and credit…
Category: Insider
UK: Data theft PC Sugra Hanif dismissed from police force
BBC reports on a case mentioned previously on this blog: A police officer has been dismissed from her job after her conviction for stealing and selling details of accident victims. Sugra Hanif was found guilty along with her lover Raza Khan of conspiracy to commit misconduct in public office following a trial in January. Read more…
UK: Admiral remaining vigilant after Aviva data breach
Katie Marriner reports an update to the Aviva insider data leak case: Admiral has said it is actively working with claims teams to mitigate the risk of a potential data breach after Aviva sacked two employees for giving customer data to claims farming companies. The Insurance Fraud Enforcement Department confirmed last month that two men were…
Commentary: Repeated insider breaches at TD Bank should trigger federal regulator investigation (update 1)
Update 1: March 9, 2014: Added some other incidents that were reported to NYS in 2012 and early 2013. These additions are underlined for your convenience. In the process of reviewing other materials, I have also identified two other banks that have recurring reports of insider wrongdoing. Eventually, I will write up my findings on…
Jail time for university hacker who changed his grades to straight As
John Hawes reports: A former student of Purdue University in Indiana has been sentenced to 90 days in jail for his part in hacking into college computer systems and changing grades. Roy C. Sun is one of three former Purdue students thought to have been involved in the incident, which occurred between 2008 and 2010 when they…
VALIC notifying customers of breach in 2007 (updated)
The Variable Annuity Life Insurance Company (VALIC) is notifying customers of what appears to be an old security lapse. In a letter template submitted yesterday to the California Attorney General, the firm writes: It recently came to our attention that a financial advisor formerly associated with VALIC was in possession of information relating to some of…