Margot Roosevelt reports: Last year, according to the Mount Olympus Mortgage Co. in Irvine, several of its officers secretly downloaded confidential information on hundreds of loan customers and transferred five gigabytes of data to a competitor. The loan officers then deleted files and emails on their computers and went to work for that rival, Chicago-based lender Guaranteed…
Category: Financial Sector
Ca: Police charge former bank employee
CTV reports: Calgary Police have now charged a woman who used to work at a bank in the southwest with identity theft and fraud. Between June 2012 and November 2013, police say a woman working at a customer experience associate unlawfully requested personal information from several customers of the bank. […] Police say 20 customers…
NZ: Kiwibank cancels eftpos cards over security breach scare
ONE News reports: Kiwibank is contacting “at risk” customers after a machine was compromised. ONE News understands Kiwibank is cancelling eftpos cards and ringing customers advising them to pick up a new one in store. Read more on ONE News.
Financial Industry Regulatory Authority Report on Cybersecurity Practices
via BeSpacific: FINRA Report on Cybersecurity Practices, February 2015 – Executive Summary: Like many organizations in the financial services and other sectors, broker-dealers (firms) are the target of cyberattacks. The frequency and sophistication of these attacks is increasing and individual broker-dealers, and the industry as a whole, must make responding to these threats a high priority….
U.S. Shifts Focus of Morgan Stanley Breach Probe
Justin Baer reports: Federal authorities are probing whether a hacker is behind the online publication of a cache of Morgan Stanley ’s client data—and not the financial adviser who was fired in connection with the breach, people familiar with the matter said. This latest twist raises the possibility that the incident is connected to larger…
CAVIRTEX shutting down following security issues
Katherine Fletcher reports: Canadian Bitcoin exchange CAVIRTEX announced Tuesday that it is ceasing operations next month following a possible security breach. The Calgary-based company will cease trading on March 20 and stop processing withdrawals on March 25, reported the Georgia Straight. CAVIRTEX said that on Sunday, “we found reason to believe that an older version of…