Bruce Vielmetti reports: A Chinese engineer charged with stealing trade secrets and confidential information from a GE Healthcare subsidiary in Waukesha has reached a plea agreement with federal prosecutors. Jun Xie, 41, will plead guilty to one count of stealing trade secrets, according to federal court records. He faces a maximum penalty of 10 years…
Category: Business Sector
Another Defendant Sentenced In Identity Theft Fraud Scheme Involving Personal Identifying Information From AT&T Customer Files
Tracy Delva, 22, of Deerfield Beach, has been sentenced to 37 months in prison, followed by three years of supervised release, and was ordered to pay $27,441 in restitution. Delva previously pled guilty to one count of access device fraud, and one count of aggravated identity theft, in violation of Title 18, United States Code,…
Home Depot Breach Costs CUs $60M
Nicholas Ballasy reports: The Home Depot data breach cost credit unions almost $60 million, nearly twice as much as the Target breach, according to survey results released by CUNA Thursday. In the survey conducted from Oct. 1 to Oct. 24, 835 credit unions reported that 7.2 million credit union debit and credit cards were affected…
Paper, paper, everywhere….
The Associated Press reports that two women were arrested in Round Rock, Texas after they were found going through the trash behind an Extended Stay America hotel, allegedly to find information that could be used for identity theft and fraudulent purposes. KEYE TV reports that in this case, it may not have been the trash that posed a risk…
Alabama Bail Bondsman Sentenced for Stealing Identities that Were Used to File Fraudulent Tax Returns
A former bail bondsman in Dothan, Alabama, was sentenced yesterday to serve 51 months in prison for his involvement in a stolen identity tax refund fraud (SIRF) scheme, Acting Deputy Assistant Attorney General Larry J. Wszalek for the Justice Department’s Tax Division and U.S. Attorney George L. Beck Jr. for the Middle District of Alabama…
BackcountryGear.com notifies consumers of second malware breach in three months
For the second time in three months, Backcountry Gear is notifying online customers that malware may have compromised their payment card information. According to a letter from Michael Monson, Co-Founder and owner of BackcountryGear.com, malware caused payment card information to be stolen between October 11 and October 17, when they discovered the problem. Customers’ names,…