Edward Taylor, Matthias Inverardi and Mark Hosenball report: In the digital age, pen and paper are useful tools for intrigue. In 2007, Sina Lapour, an assistant to a private banker at Credit Suisse, hand-copied the names of potential tax evaders listed on two of the firm’s internal computer systems. By not downloading information, Lapour avoided…
Category: Financial Sector
Western Union dismisses threat of data security breach at PrivatBank
Christopher J. Miller reports: A regional head of the U.S.-based financial services and communications company Western Union said he is not worried about recent security breaches at Ukraine’s largest bank which allowed a hacker to obtain sensitive data of Western Union customers, potentially putting them at risk for fraud. Ulugbek Umarov, Western Union country director…
European Data Protection Authorities investigate bank data security
The Belgian and Dutch Data Protection Authorities (DPAs) will be conducting an investigation into the security of SWIFT’s payment networks following, among others, international media reports on foreign intelligence services – possibly the NSA – allegedly having unlawful access under European law to financial messaging data at SWIFT. The Dutch Data Protection Authority (CBP) and the Belgian…
Australian Bitcoin bank hacked: $1m+ stolen
Ben Grubb reports: A four-month-old Australian Bitcoin bank holding more than $1 million has been hacked, leaving thousands of customers in the lurch including a man who claims he was holding the virtual currency to buy a house with his girlfriend. The alleged hacking happened on both October 23 and 26, with the service’s operator,…
AU: Hunter United Credit Union admits it tried to avoid embarrassment over email privacy breach
So you goofed and disclosed customers’ e-mail addresses in the To: or CC: field. Should you: (a) immediately acknowledge the gaffe, or (b) say nothing and hope that people don’t notice? Hint: the correct answer is (a).
NZ: Westpac remains tight-lipped about privacy incident
Jimmy Ellingham has update on a breach first reported back in April. Westpac remains tight-lipped about a privacy breach where customer details went walkabout from one of its Palmerston North branches. The bank will not confirm if it has told affected customers what happened. Meanwhile, the man who was accused of taking documents has not…