Erin Kelly reports: Federal officials warned companies Monday that hackers have stolen more than 500 million financial records over the past 12 months, essentially breaking into banks without ever entering a building. “We’re in a day when a person can commit about 15,000 bank robberies sitting in their basement,” said Robert Anderson, Jr., executive assistant…
Category: Financial Sector
NYS Attorney General Schneiderman Announces Multi-state Settlement With TD Bank Over Lost Backup Tapes
Attorney General Eric T. Schneiderman today announced a multi-state settlement with TD Bank, N.A. that resolves an inquiry into a 2012 data breach in which 1.4 million files were compromised. The $850,000 settlement requires the bank to reform its practices to help ensure that future incidents do not occur. New York State will receive $114,106.11…
Russian gangs in $1bn City cyber raid plot
Nick Kochan reports: Criminal gangs are plotting a $1 billion (£618 million) cyber-heist on global financial institutions, Europol has warned, as they ratchet up the pressure on banks reeling from the record-breaking hit on JPMorgan Chase. Secret listening on internet chatrooms by the European police investigative body has discovered planning by sophisticated Russian cyber-criminals aimed…
No indication of Russia’s involvement in JPM hack: Source
Eamon Javers reported this the other day, but I’m just catching up with it: There is no indication that Vladimir Putin, the Russian government or any foreign nation state was involved in the JPMorgan cyberattack this summer, a source familiar with the incident tells CNBC. There have been media reports speculating that the Russians may…
Fidelity hack points to JPMorgan link
Kara Scannell and Tom Braithwaite report: Fidelity Investments, one of the largest US mutual fund companies, was one of 13 financial institutions attacked by hackers, who are believed to be the same group that stole customer information from JPMorgan Chase, according to two people familiar with the matter. The breadth and sophistication of the attack…
Citigroup Said to Be Attacked by JPM Hackers
Michael Riley reports: Citigroup Inc. (C), E*Trade Financial Corp. (ETFC), Automatic Data Processing (ADP) Inc. and Regions Financial Corp. were attacked by the same hackers that breached JPMorgan Chase & Co. (JPM), according to a person familiar with the matter. At least one of those companies — E*Trade — was targeted last year and subsequently…