Na Jeong-ju reports: The Financial Supervisory Service (FSS) has rejected a consumer group’s request to examine the extent of damage consumers suffered from recent data theft cases involving major financial firms here. The decision has triggered protests from victims. In early February, the Financial Consumer Agency asked the regulator to probe the banks and credit…
Category: Financial Sector
Former Capital One teller sentenced for stealing customer information
Associated Press reports: A bank teller who conspired to use customers’ information to order fraudulent checks and steal money their accounts has been sentenced to more than five years in prison. Twenty-four-year-old Jayad Zainab Ester Conteh of Glenarden was also ordered to pay more than $36,000 in restitution at sentencing Tuesday in federal court in…
Thieves Jam Up Smucker’s, Card Processor (update 1)
Brian Krebs reports: Jam and jelly maker Smucker’s last week shuttered its online store, notifying visitors that the site was being retooled because of a security breach that jeopardized customers’ credit card data. Closer examination of the attack suggests that the company was but one of several dozen firms — including at least one credit card processor — hacked…
Commentary: Repeated insider breaches at TD Bank should trigger federal regulator investigation (update 1)
Update 1: March 9, 2014: Added some other incidents that were reported to NYS in 2012 and early 2013. These additions are underlined for your convenience. In the process of reviewing other materials, I have also identified two other banks that have recurring reports of insider wrongdoing. Eventually, I will write up my findings on…
VALIC notifying customers of breach in 2007 (updated)
The Variable Annuity Life Insurance Company (VALIC) is notifying customers of what appears to be an old security lapse. In a letter template submitted yesterday to the California Attorney General, the firm writes: It recently came to our attention that a financial advisor formerly associated with VALIC was in possession of information relating to some of…
KR: Hackers arrested over data leakage
Choi Mo-Ran reports: Authorities said yesterday that they have arrested three hackers suspected of leaking the personal data of 17 million people from 225 websites. The Incheon Metropolitan Police Agency announced yesterday that it had arrested the trio, who stole personal data from Korean websites and sold it to loan lenders and chauffeur service companies…