Law360 reports that Travelers Casualty and Surety Co. has settled its lawsuit against Ignition Studio Inc. The suit had alleged that Ignition Studio had not adequately secured Alpine Bank’s web site, resulting in a hack in 2012. Yesterday, both parties stipulated to the “dismissal of this action in its entirety with prejudice, each party to bear its…
Category: Financial Sector
HSBC Financial Corp. notifies mortgage customers of online breach
HSBC Finance Corporation has begun notifying an undisclosed number of consumers whose mortgage account information was inadvertently exposed on the Internet. The firm believes the exposure began sometime towards the end of 2014 and continued until March 27, 2015, when they learned of the breach. The breach affected customers of the firm’s subsidiaries, including Beneficial Financial I, Inc.,…
WI: Fraudulent Green Dot accounts set up using stolen identities
Katrina Cravy and Leeann Watson report that fraudsters are opening Green Dot accounts using stolen identity information. Green Dot offers prepaid Visa or MasterCard debit cards. Police departments nationwide have crime alerts on this scam including Oak Creek. “I have probably over 100 since February and I know other jurisdictions all around us are just getting inundated…
UK: Financial firms are responsible for data trading
Tony Hazell nails it in a column that begins: The revelation that intimate financial and medical details are being sold to firms with dubious intentions should have sent shockwaves through the financial community. But it probably will not. The Daily Mail last week revealed that financial details were being sold for as little as 5p…
NY: Bronx men sentenced for stealing Westchester IDs, $850K
There’s an update to an ID theft case involving rogue bank employees at a number of banks in New York. The case was previously reported on this site. Matt Spillane now reports: Tyrone “Reece” Lee and Anthony “Sug” Davis impersonated Westchester residents in their last gig, but their names won’t be mistaken at their next stop….
ZW: Raid on newsroom justified: Nyambirai
Nehanda Radio reports: The legal counsel for Econet Wireless’ banking subsidiary Steward Bank, Tawanda Nyambirai, says Thursday’s raid on online news agency, The Source, was justified. Nyambirai, together with Steward Bank’s acting chief executive officer, Lance Mambondiani, addressed a chaotic Press conference on the complex matter in Harare yesterday — that pits the right of…