Charles Toutant reports: TD Bank claims in a suit filed in federal court in Newark that a competing institution illegally obtained its confidential files in hopes of poaching loan customers from the bank. Kearny Federal Savings Bank of Fairfield, N.J., hired TD Bank loan officer Patrick DiSanto, then set up an email address that he…
Category: Financial Sector
House, Senate Democrats seek details from financial firms on data breaches
Mark Hosenball reports: Leading Democrats in both houses of Congress sent letters on Tuesday to 16 major banks and other financial firms requesting detailed information about recent data breaches and briefings from corporate data security officials. Among the companies targeted in letters sent by Senator Elizabeth Warren, a member of the Senate Banking Committee, and Representative…
Eight arrested in Israel and Thailand for Leumi Card data breach and extortion attempt
The Jerusalem Post reports: Eight former bank employees, in Israel and Thailand, tried to extort millions of shekels from Leumi Card Ltd., the credit card issuer affiliated with one of the nation’s largest banks, police said on Sunday. The ex-employees threatened that if they didn’t get the money, they’d sell the details of millions of…
Two Tennessee blokes use default ATM codes to steal over $400,000
Delwyn Pinto reports: When a small-time Tennessee restaurateur named Khaled Abdel Fattah was running short of cash he went to an ATM machine. Actually, according to federal prosecutors, he went to a lot of them. Over 18 months, he visited a slew of small kiosk ATMs around Nashville and withdrew a total of more than…
Citizens Bank Manager Sentenced to 30 Months in Prison for Identify Theft Scheme
Paige McAtee reports: A Stoneham bank supervisor was sentenced to 30 months in federal prison on Monday for his involvement in a stolen identity refund fraud scheme in which he opened bank accounts to receive fraudulent proceeds. Carlos Mauricio Gonzalez, 30, of Revere, opened business and personal bank accounts that were to receive proceeds from…
FL: Former Regions banker gets prison time, $1M+ judgment in ID theft
Margie Manning has an update to an insider breach first noted on this blog in May 2011: A federal judge in Tampa sentenced a former personal banker for Regions Bank to seven-and-a-half years in prison for her role in an identity theft scheme. The court also entered a money judgment of $1.17 million against the former banker, Howayda Hamdan….