This will be one for the books… and Hollywoood spinoffs. Jessica Dye and Jim Finkle of Reuters report: The government charged eight people with using data obtained by hacking into two credit card processors in a worldwide scheme that netted some $45 million within hours, a crime prosecutors described as one of the biggest bank…
Category: Financial Sector
Tomren Wealth Management notifies clients of server compromise; access to client data uncertain
Tomren Wealth Management sent out notification letters recent following a server breach that occurred between February 21 and March 6, when the intrusion was discovered. “The forensic examiners found spamming software was loaded onto the machine in a failed attempt to send out ‘junk” spam emails, however, we have been unable to determine whether the…
Two years after a vendor is hacked, OneWest Bank notifies customers
OneWest Bank has been notifying customers of a breach that occurred back in 2011. According to their letter, a copy of which they submitted to California under the state’s breach reporting requirements, the bank recently learned that one of our service providers, was the victim of an illegal and unauthorized intrusion into its network (“Network…
Bank Sues Cyberheist Victim to Recover Funds
Brian Krebs reports on a lawsuit where Park Sterling Bank (PSB) in Charlotte, North Carolina is suing a former client, Wallace & Pittman PLLC , after the latter was the victim of a fraudulent wire transfer. The breach occurred after a key logger was installed on its system via a phishing attempt and criminals obtained…
State National Insurance claims no responsibility to pay for Global Payments’ breach costs
Global Payments may have gotten some welcome news when a class action lawsuit against was dismissed last month (Willingham v. Global Payments), and they may have concluded its investigation of the breach they disclosed in March 2012, but they’re not done with problems from the breach, it seems. Law360 reports: Global Payments Inc.’s excess insurer State…
Westpac tight-lipped over privacy breach
Jimmy Ellingham reports: Westpac is refusing to say if it has told customers affected by a privacy breach that details of their term deposits have been either handed over or taken from one of its Palmerston North branches. Regardless of how the breach happened, the Office of the Privacy Commissioner says it is often a…