GRAND CAYMAN, CAYMAN ISLANDS – 28 August 2015 – The Cyber Incident Response Team Cayman (CIRT-KY ) announced today that it has been made aware of a cybersecurity breach – commonly known as a ‘hack’ – which has affected the security of the email addresses and passwords of thousands of eCay Trade account holders. CIRT-KY…
Category: Financial Sector
Man linked to JPMorgan hacking in talks to resolve U.S. case: filing
Nate Raymond reports: A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer’s massive data breach at JPMorgan Chase & Co is in talks to resolve his criminal case, according to court papers filed Friday. In a court filing in federal court in Manhattan, a…
Falciani court date set over bank data theft charges
SwissInfo.ch reports that a former HSBC employee is closer to standing trial on data theft charges in a case that has had international repercussions: The ex-HSBC employee accused of stealing secret data from Swiss bank accounts is to go on trial in Switzerland in October. Hervé Falciani worked in IT at the bank’s Geneva branch…
FTC closes non-public investigation of Morgan Stanley data breach
Back in January 2015, Morgan Stanley disclosed an insider breach (previous coverage here and here). It appears that the Federal Trade Commission opened an investigation into the breach under Section 5 of the FTC Act, but decided not to pursue any enforcement action. In a closing letter to Morgan Stanley’s counsel, Maneesha Mithal, Associate Director of the Division…
FBI says hackers shake down big banks, threaten to shut sites if they don’t pay up
Priya Anand reports: More than 100 companies, including targets from big banks to brokerages in the financial sector, have received distributed denial of service threats since about April, says Richard Jacobs, assistant special agency in charge of the cyber branch at the FBI’s New York office. With these types of attacks, known as DDoS, criminals…
Golden 1 Credit Union notifying customers after insider wrongdoing
So an employee engaged in naughty (illegal) conduct with respect to some of the customers’ accounts, and now you have to notify all customers whose data he may have accessed in the normal course of his duties? That’s what happened to Golden 1 Credit Union. From their notification template: We are writing to inform you of a…