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Category: Financial Sector

FDIC: 2011 FIS Breach Worse Than Reported

Posted on June 4, 2013 by Dissent

More fascinating reporting by Brian Krebs: A 2011 hacker break-in at banking industry behemoth Fidelity National Information Services (FIS) was far more extensive and serious than the company disclosed in public reports, banking regulators warned FIS customers last month. The disclosure highlights a shocking lack of basic security protections throughout one of the nation’s largest…

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CERT probing security breach at IT firms

Posted on May 13, 2013 by Dissent

ElectraCard Services was one of two payment processors in India named in conjunction with that massive $45M cyberheist.   The other one is reportedly EnStage, Inc. Read more on ManoramaOnline.com.

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Indian card processor in $45 million heist is ElectraCard Services – Reuter sources

Posted on May 11, 2013 by Dissent

Dinesh Nair and Jessica Dye of Reuters report that one of the card processors whose security was breached in a $45 million global cyber heist was India’s ElectraCard Services. No one has confirmed that officially, however, as the sources spoke on condition of anonymity. You can read the Reuter’s exclusive coverage here.

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Privacy Breach on Bloomberg’s Data Terminals

Posted on May 11, 2013 by Dissent

Amy Chozik and Ben Protess report on what the NYT calls a privacy breach, but is also a security breach, in my opinion: A shudder went through Wall Street on Friday after the revelation that Bloomberg News reporters had extracted subscribers’ private information through the company’s ubiquitous data terminals to break news. The company confirmed…

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US Charges Eight in $45 Million Cybercrime Scheme

Posted on May 10, 2013 by Dissent

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…

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Tomren Wealth Management notifies clients of server compromise; access to client data uncertain

Posted on May 7, 2013 by Dissent

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…

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