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…
Category: Financial Sector
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…
German Constitutional Court Rejects the Extradition of “World’s #2 Hacker” to US
Germany’s top court won’t agree to extradite an alleged hacker to the U.S. until it is assured the hacker won’t face a “disproportionate” sentence, if convicted. The Associated Press reports that the Federal Constitutional Court overturned a lower court’s approval of Ercan Findikoglu’s extradition: It said Frankfurt’s regional court needs to obtain assurances from U.S. authorities that…
Three Members Of New York Cell Of International Cybercrime Organization Sentenced For Roles In $45 Million Cyberattack
On November 25 in federal court in Brooklyn, New York, Elvis Rafael Rodriguez, age 25 of Yonkers, was sentenced to 34 months’ imprisonment for his participation in an international cybercrime organization responsible for two cyberattacks that inflicted $45 million in losses on the global financial system in a matter of hours. Two of Rodriguez’s co-defendants were…