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Category: Financial Sector

NAFCU Deems Data Encryption Rule Unnecessary

Posted on January 7, 2015 by Dissent

Nicholas Ballasy reports: The NCUA should look internally for ways to better protect credit union members’ data, rather than impose a new rule, according to NAFCU Director of Regulatory Affairs Alicia Nealon. Nealon’s statement was made in response to NCUA Board Chairman Debbie Matz floating the possibility of a proposed data encryption rule after an agency…

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Hirsche Private Asset Emergency Announcement Regarding Breach of IT Security by Hacker Group

Posted on January 7, 2015 by Dissent

ZHONGZHENG DISTRICT, Taiwan, Jan. 7, 2015/PRNewswire/ — The company is currently investigating the malicious attacks that have shut down the ITs infrastructure. Hirsche Private Asset Management Ltd. urgently asks any clientele that are contacted by third parties not known to them to ignore any information requests or offers. Client data is thought to have been exposed and…

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Morgan Stanley Fires Employee Accused of Stealing Client Data

Posted on January 5, 2015 by Dissent

Michael J. Moore reports: Morgan Stanley (MS) fired an employee it said stole data, including account numbers, for as many as 350,000 wealth-management clients and posted some of the information online. The bank alerted law enforcement and found no evidence that clients lost any money, New York-based Morgan Stanley said today in a statement. The firm…

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Leumi card employee arrested for extortion

Posted on January 2, 2015 by Dissent

Omri Ariel reports an update to a case previously noted on this blog: The Tel Aviv District Attorney’s office on Thursday indicted 30-year-old Eliran Rosens on charges of extortion by threat, conspiracy to defraud and several other offences, one of which is under a gag order. According to the indictment, Rosens, a former employee of…

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Entry Point of JPMorgan Data Breach Is Identified

Posted on December 22, 2014 by Dissent

Oops. An overlooked server that was not configured for two-factor authentication became the weak link in JPMorgan’s defenses. Matthew Goldstein, Nicole Perlroth, and Michael Corkery report: The computer breach at JPMorgan Chase this summer — the largest intrusion of an American bank to date — might have been thwarted if the bank had installed a simple…

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VA: Union First Market Bank deactivates thousands of ATM cards after security breach

Posted on December 16, 2014 by Dissent

Melissa Hippolit reports: The ATM bank cards of roughly 3,000 Union First Market Bank customers have been deactivated since Thursday, after a security breach. […] Union First Market Bank spokesperson Bill Cimino said this particular breach forced the bank to take action immediately. He said the thieves are stealing people’s ATM cards and pin numbers…

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