Connie reports: To strengthen regulations on protecting personal information following a recent data leak by credit card companies here in Korea a new privacy protection bill is moving through the National Assembly. The bill, passed Wednesday by the Security and Public Administration standing committee, would require financial institutions and other public companies to use encrypted…
Category: Financial Sector
Ie: BoI customers hit as skimmers hack into their current accounts
The Independent reports: GARDA investigation is under way after hundreds of Bank of Ireland (BoI) customers had their accounts skimmed in two branches over the weekend. Customers in two BoI branches in Graiguenamanagh, Co Kilkenny, and in Borris, Co Carlow, had their current accounts accessed from the United States over a three-day period in a scamming operation…
OR: Office landlord fined after trashing mortgage records in course of eviction
Eliot Njus reports: The owners of a Northeast Portland office building have been fined after a state regulator said its cleaning service threw 30 boxes of mortgage records into an unlocked trash bin while evicting a mortgage company. The Oregon Department of Consumer and Business Services has ordered 122nd Group LLC to pay $5,000 for failing to…
Kenerson Associates notifies employees of breach at payroll processor, BenefitMall
Kenerson Associates in Beverly, Massachusetts is notifying 18 current and former employees whose personal information may have been accessed in a breach involving their payroll processor, Dallas, Texas-based BenefitMall. In a letter dated February 18 to the New Hampshire Attorney General’s Office, Kenerson incorporated BenefitMall’s January 16th notification letter to Kenerson about the breach. Their report…
Queens, N.Y., Men Sentenced To 57 Months In Prison For Large-Scale Atm Skimming Scheme Targeting New Jersey Bank Customers
Two Romanian natives residing in Queens, N.Y., were sentenced today to prison terms for a scheme to steal account information from bank customers throughout New York, New Jersey, and Connecticut by installing secret card-reading devices on ATMs, U.S. Attorney Paul J. Fishman announced. Ioan Leusca, a/k/a “Ionel Spinu,” 30, and Dezso Gyapias, a/k/a “Valentin Folea,”…
Two Sigma Analyst Charged With Confidential Data Theft
Chris Dolmetsch and Tiffany Kary report: An employee of Two Sigma Investments LLC, an $18 billion quantitative hedge fund, was charged by New York prosecutors with stealing computer data from the company, the latest in a growing number of proprietary financial firm theft cases brought by the Manhattan district attorney. Two Sigma sued Kang Gao,…