Jeffrey Washington, 36, of New York, NY, pled guilty yesterday to conspiracy to commit bank fraud and aggravated identity theft. According to a statement of facts filed with his plea agreement, Washington was a leader of a group that conspired to steal identity and financial information from Wells Fargo Mortgage offices. There were twelve Wells…
Category: Financial Sector
JPMorgan Hack Said to Span Months Via Multiple Flaws
Jordan Robertson and Michael Riley report: Hackers burrowed into the databanks of JPMorgan Chase & Co. (JPM) and deftly dodged one of the world’s largest arrays of sophisticated detection systems for months. The attack, an outline of which was provided by two people familiar with the firm’s investigation, started in June at the digital equivalent…
FBI investigating hacking attack on JPMorgan
The more that comes out, the worse this sounds. Now it’s seven banks and it sounds like the hackers were able to burrow in deep. Matt Egan, Jose Pagliery and Evan Perez report: The FBI is investigating hacking attacks on 7 of the top 15 banks, including one against JPMorgan Chase, according to someone with…
FBI Said to Examine Whether Russia Tied to JPMorgan Hacking
Michael Riley and Jordan Robertson report: Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. (JPM) and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe. The attack resulted…
UK: Customer data loss soars at financial firms
Tessa Norman reports: The number of customer data loss incidents reported to the FCA [Financial Conduct Authority] has increased significantly in the past year. A Freedom of Information request published by the FCA shows that in 2013, the regulator was notified of 13 incidents where firms have lost customer data or had it stolen. Some…
UK: Birmingham banker fined for reading colleagues’ bank accounts
From the Information Commissioner’s Office: A Birmingham banker has been fined after he admitted reading his colleagues bank accounts. Dalvinder Singh, 29, from Yardley, Birmingham, worked in Santander UK’s suspicious activity reporting unit at their Leicester office. His role investigating allegations of money laundering meant he was able to view customer accounts. But he used…