Mamidipudi Soumithri reports: British mobile payments company Optimal Payments Plc said it was investigating allegations that personal data belonging to some of its customers had been compromised and was available in the public domain. Optimal shares fell 11 percent to 309.5 pence, their sharpest fall in a day this year and lowest since Sept….
Category: Financial Sector
Ex-Goldman Banker and Fed Employee Will Plead Guilty in Document Leak
Ben Protess and Peter Eavis report: A former Goldman Sachs banker suspected of taking confidential documents from a source inside the government has agreed to plead guilty, a rare criminal action on Wall Street, where Goldman itself is facing an array of regulatory penalties over the leak. The banker and his source, who at the time of…
Privacy breach by Westpac?
In response to allegations (noted in this blog post) that police had obtained Nicky Hager’s account information from Westpac without any court order, the following news release by Felix Geiringer on Hager’s behalf was issued today. Via Scoop: Several people, including news media, have been seeking comment from Nicky Hager and his legal team about…
State Bank of Pakistan asks banks to submit details of Internet security breaches
The Daily Times reports: The State Bank of Pakistan (SBP) has directed the banks to report in details about all established security breaches, its analysis and its designated payment systems department, on quarterly basis to explain the impact of security breaches on institution’s business, systems, applications and customers. The directives were issued in the SBP…
NZ: Law breach likely over Hager bank data
NZME reports: A legal expert says police have probably broken the law by obtaining the personal bank information of journalist Nicky Hager without a court order. Court records show detectives investigating the hacking of Whale Oil blogger Cameron Slater’s computer obtained nearly 10 months of transactions from Mr Hager’s accounts from Westpac without the legal…
Veteran says financial services company USAA failed to warn her of ID theft
Paul Woolverton reports: Retired Army Maj. Veronica Carter is furious with the USAA. She says the financial services company failed to warn her when an identity thief or thieves called three times over the past month to try to persuade a customer service representative to withdraw money from her account. On Oct. 6, someone made…