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…
Category: Financial Sector
NCUA Examiner Blamed for Data Breach
Peter Strozniak reports: The NCUA said Monday an external flash drive that contained the names, addresses, Social Security numbers and account numbers belonging to members of the $13 million Palm Springs Federal Credit Union in California was lost during a recent exam. The agency confirmed reports from unnamed sources who told CU Times an NCUA examiner was responsible for…
Financial Industry Regulators Increase Data Security Oversight
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…
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…