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…
Category: Financial Sector
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…
LA: Former employee sued for allegedly breaching non-compete clause, stealing proprietary information
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…
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…