The Justice Department announced today that the owner and operator of a payment processing company that was involved in the unauthorized withdrawal of millions of dollars from consumers’ bank accounts was charged with fraud. The criminal information, filed in the Eastern District of Pennsylvania, charged Neil Godfrey, 76, of Santa Ana, California, with one count…
Category: Financial Sector
Most-Wanted Cybercriminal Extradited to U.S. From German Prison
Chris Strohm reports: The U.S. will get a rare chance to prosecute one of the world’s most-wanted cybercriminal suspects with the extradition of a Turkish man accused of orchestrating a global operation to hack automated teller machines. Ercan Findikoglu, 33, is being flown to New York on Tuesday after losing his fight against extradition from…
OK: Former BancCentral employee charged with accessing bank computer network
Marione Martin reports: An Alva man has been charged with three felonies relating to access to a local bank’s computer network. Brett Justin Weyrick, 35, Alva, has been charged with computer fraud/unlawful use of computer system, violation of Oklahoma statute via computer, and possession of a firearm during commission of a felony in Woods County…
Green Tree Services notifies mortgage applicants of 2013 breach that was discovered 10 months ago
Green Tree Services is mailing breach notification letters that begin: I am writing to explain a recent security incident that may involve your personal information. Green Tree Servicing LLC (“Green Tree”) has learned that personal information relating to some customers may have been accessible in a security incident involving potential unauthorized access to certain computer…
Human error to blame as UK data breach investigations surge
John Leyden reports: UK data breach investigations within the financial services industry almost trebled over the last two years, according to figures acquired via a Freedom of Information request to the Information Commissioner’s Office, with human error almost always responsible. The 183 per cent rise in reported Data Protection Act (DPA) incidents incorporated 585 events…
Virginia Credit Union reissuing cards after skimming breach
Britni McDonald reports: Virginia Credit Union says more than 2,000 cardholders had their information breached and money stolen. The credit union says this is a case of ATM skimming, where fraudsters place a device on ATMs that allows them to gather data and duplicate cards. Three branches of the credit union are affected, including Glenside…