Dalia Hatuqa reports: Depending on who you ask, Hamza Bendelladj is either a Robin Hood-esque hero or a cyber-age hoodlum. The 27-year-old Algerian computer science graduate will be sentenced on Tuesday in a US court for using a computer virus to steal money from more than 200 American banks and financial institutions. He then reportedly gave millions…
Category: Financial Sector
‘Hack for Trump’ group demands $30k from Bahamian Bank
Neil Hartnell reports: Hackers are trying to extort $30,000 from the Bahamas-based Fidelity Group of Companies, which yesterday moved to reassure clients there had been no widespread leak of personal financial data. Anwer Sunderji, Fidelity’s chairman, confirmed to Tribune Business that a group called ‘Hack for Trump’ had contacted it and demanded a ransom payment…
Wyndham Case May Mean Uncertainty for New Payment Providers
Kery Murakami reports: Wyndham Hotels & Resorts LLC’s appeal of a Federal Trade Commission (FTC) complaint against the hotel chain for alleged lax data protection practices is being watched closely by banking officials who say it could lead to uncertainty over cybersecurity regulations for emerging technologies such as mobile wallets and digital payments. The case…
Watchdog probe after Invest NI hit by series of data breaches
Simon Rowe reports: Invest NI has been hit by a series of data breaches, with two incidents leading to the disclosure of high-risk information, it can be revealed. […] There were six incidents of unauthorised disclosure of confidential data in the past 12 months alone. In the past five years, Invest NI has reported the…
Yet another insider breach at TD Bank. Paging regulators to Aisle 4…?
In a recent breach notification to New Hampshire’s Attorney General, TD Bank’s Head of U.S. Privacy & Social Media Compliance writes, in part: We recently learned that one of our employees obtained and inappropriately used confidential customer information and provided it to an unauthorized party not associated with TD Bank. The personal information they obtained…
U.S. prosecutors in talks with second suspect tied to JPMorgan hack
Nate Raymond reports: U.S. prosecutors have disclosed they are in discussions to resolve a case against a second Florida man linked to a massive data breach at JPMorgan Chase & Co, after saying they are engaged in similar talks with his co-defendant. In a court filing made public Friday in Manhattan federal court, a prosecutor…