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Category: Financial Sector

The staggering cost of a data breach

Posted on September 28, 2012 by Dissent

Occasionally, I check Global Payments’ site for information on what their breach(es) last year cost them. Here’s what they reported in their SEC 10-K/A filing today: For the year ended May 31, 2012, we have recorded $84.4 million of expense associated with this incident. Of this amount, $19.0 million represents the costs we have incurred…

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Chase’s servers compromised

Posted on September 24, 2012 by Dissent

High-end jewelry firm Tiffany & Co. reports an incident involving unauthorized access to  JPMorgan Chase Bank’s servers.  The compromised servers contained information on a Tiffany employee travel expense reimbursement system, and held the employees’ names, addresses, Social Security numbers and banking account information. In its letter to the New Hampshire Attorney General’s Office on September…

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Transcend Capital notifies clients after server hacked last month

Posted on September 21, 2012 by Dissent

Transcend Capital reports that its data server in Austin Texas was hacked during the week of August 20th. The compromised server held clients’ name, physical and e-mail addresses, Social Security numbers, telephone numbers, security positions and cash positions. In a notification to the California Attorney General’s Office, James Kupfer, Chief Compliance Officer, notes that the…

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Hack of Red Boat Advisor Resources server containing brokerage account applications

Posted on September 16, 2012 by Dissent

Lincoln Financial Securities Corporation reports that the virtual server of one of their independently-owned financial planning offices, Red Boat Advisor Resources, was accessed some time between January and early April of this year. In their letter dated August 30 to the New Hampshire Attorney General’s Office, LFS’s attorneys write that the server held TIFF images…

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TX: Former Capital One Bank employee sentenced in ID theft scheme

Posted on September 12, 2012 by Dissent

Here’s an update to a case previously noted on this blog: Jamal Gerard Mose-Burrel, 22, of Houston, has been sentenced to a four-year-term of imprisonment for conspiracy to commit bank fraud and aggravated identity theft, United States Attorney Kenneth Magidson announced today. Mose-Burrel pleaded guilty Wednesday, May 2, 2012. Today, U.S. District Judge Lee H….

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BMO Harris Bank notifies customers after laptop stolen from vendor

Posted on August 30, 2012 by Dissent

In the healthcare sector today, Harris County Hospital District reported a breach. In the financial sector, it’s BMO Harris Bank reporting a breach today.  Any other Harris’s want to disclose a breach so we can have a Harris breach trifecta? Paul Gores reports: BMO Harris Bank said Thursday it has sent letters to an undisclosed number…

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