Kyle Barnett reports on another lawsuit claiming a former employee stole proprietary information: A financial services company is suing a former employee it claims breached a non-compete clause by stealing client lists and targeting clients after he joined a similar firm. Business Capital Risk Control Services LLC filed suit against Carlos Avila Martinez in the…
Category: Financial Sector
In: Bank alleges theft of proprietary data by former employee
V. Narayan reports on an incident in Mumbai: A case of data theft has been registered against a former senior vice-president of a multi-national bank in the city. The alleged crime was committed before she quit on April 21 and was revealed when the bank’s technical team received a system alert after she extracted confidential data…
UK: Bank details of thousands of Lloyds’s customers stolen from insurer
Hilary Osborne reports: Bank details of thousands of Lloyds Premier account customers have been taken from an insurer, and customers have been warned to take out cover against fraud. Some Premier Banking customers who had emergency cover from Royal Sun Alliance (RSA) through their paid-for accounts between 2006 and 2012 have been told that personal…
Hackers Hit Hawaii First FCU
Tina Orem reports: Social Security and bank account numbers are some of the information hackers may have taken in a breach at Hawaii First Federal Credit Union in Kamuela, according to a letter the credit union sent to current and former employees and members. The hack may have taken place via unauthorized access to an employee’s email…
IE: Permanent TSB confirms data breach of 100 customer details
RTÉ News reports: Permanent TSB has confirmed it has reported a data breach to the Data Protection Commissioner. The bank said the breach involved account information relating to less than 100 customers being mistakenly emailed to an unrelated customer. It is also believed that notes of meetings customers had with bank staff were also included….
MX: Grupo Financiero Banorte Fined $2m for Failure to Notify Customers of Security Breach (updated)
Liisa M. Thomas and Zachary L. Sorman of Winston Strawn write: Mexico’s National Transparency, Information Access, and Data Protection Institute (INAI) recently announced an impending fine of almost $2 million USD to be levied against Grupo Financiero Banorte, the third largest bank in Mexico. According to a statement by an INAI official, the bank failed…