Jessica Silver-Greenberg and Matthew Goldstein report: This summer’s huge cyberattack on JPMorgan Chase and a dozen other financial institutions is accelerating efforts by federal and state authorities to push banks and brokerage firms to close some gaping holes in their defenses. Top officials at the Treasury Department are discussing the need to bolster fortifications around a critical area of cybersecurity:…
Category: Financial Sector
First National Bank website exposed private information
Jan Vermeulen of MyBroadband reports: First National Bank’s online card tracking facility exposed the names, ID numbers, phone numbers, and delivery addresses of clients to anyone who knows what the reference number for the tracking service looks like. These reference numbers are sequential, so if you know one it is very easy to guess others…
Russia ruled out as culprit in Chase cyber security breach, U.S. officials say
And THIS is why I don’t jump on all on the early allegations. Jim Finkle reports: The Russian government has been ruled out as sponsor of a cyber attack on JPMorgan Chase & Co disclosed in August, U.S. law enforcement officials said on Monday. Read more on Reuters.
Grim statistics: Officials warn 500 million financial records hacked within past 12 months
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…
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…