Katherine Gasztonyi writes: On Wednesday, December 10, 2014, financial industry regulatory and enforcement agencies issued statements that their organizations will increase scrutiny of financial industry cybersecurity practices going forward. In New York, the State’s Department of Financial Services Superintendent Benjamin Lawsky issued new guidelines to banks, detailing how their cybersecurity practices would be evaluated. The memorandum—sent to…
Category: Financial Sector
Ex-HSBC Employee Falciani Said Indicted on Swiss Bank Data Theft
Hugo Miller reports: A former computer technician for HSBC Holdings Plc (HSBA) “celebrated as a hero abroad” was indicted in Switzerland on charges of industrial espionage and violating the country’s bank secrecy laws, prosecutors said. The Swiss Attorney General’s office, without identifying the suspect as is its custom, said in a statement today that the country was prepared…
AL: Redstone Credit Union investigating breach at Huntsville location
From the News Courier: Redstone Credit Union is investigating a report of an employee making 66 unauthorized transactions using customer accounts. A press release from the credit union said the accounts were at the Winchester Road branch. The release said the breach was committed by a “now former” employee. All members who were affected have…
Unencrypted Data Lets Thieves ‘Charge Anywhere’
Brian Krebs reports: Charge Anywhere LLC, a mobile payments provider, today disclosed that malicious software planted on its networks may have jeopardized credit card data from transactions the company handled between November 2009 and September 2014. In a statement released today, the South Plainfield, N.J. electronic payment provider said it launched investigation after receiving complaints about fraudulent…
TD Bank to Pay $625,000 to Address Data Breach Involving Thousands of Massachusetts Residents
A multi-state settlement over the lost backup tapes was reported in October, but the Massachusetts Attorney General’s Office just issued this press release over what appears to be a separate and second settlement stemming from the same incident: TD Bank will pay $625,000 and must take steps to strengthen its security practices after losing unencrypted back-up tapes containing personal…
Bank account takeovers could be thwarted by blocking Tor – Treasury report
Brian Krebs reports: A new report from the U.S. Treasury Department found that a majority of bank account takeovers by cyberthieves over the past decade might have been thwarted had affected institutions known to look for and block transactions coming through Tor, a global communications network that helps users maintain anonymity by obfuscating their true location online. Read…