Andrew Martinez reports: The legal fallout from a massive data breach impacting over 4 million borrowers’ personally identifiable information just got bigger. A federal judge Monday ordered a class action lawsuit against Community Loan Servicing be folded into a larger, similar suit against two of its sister companies, according to court records. The consolidated complaints from…
Category: Financial Sector
British teenager, 18, denies creating computer virus that crashed hundreds of institutions when he was just 14
David O’Dornan and Paul Higgins report: A teenager today denied creating a computer virus which allegedly ‘crashed hundreds of financial institutions across the world when he was just 14 years old. Josh Maunder, now 18, from Abbey Park in Bangor, Co Down in Northern Ireland, entered not guilty pleas to each of the 21 charges against…
Honolulu Man Pleads Guilty to Sabotaging Former Employer’s Computer Network
Casey K. Umetsu, Sr., age 40, of Honolulu, Hawaii, pled guilty today before United States District Judge Jill A. Otake to sabotaging his former employer’s computer network. Sentencing is set for January 19, 2023. According to court documents and information presented in court, Umetsu worked as an information technology professional for a prominent Hawaii-based financial…
Morgan Stanley to pay $35 million fee for ‘astonishing’ customer data disposal practices
Jonathan Greig reports: Morgan Stanley will pay a $35 million penalty to settle charges from the U.S. Securities and Exchange Commission for wide-ranging failures around properly disposing of hard drives and servers containing the personal information of some 15 million customers. The company did not respond to requests for comment, but the SEC said in…
Revolut confirms cyberattack exposed personal data of tens of thousands of users
Carly Page reports: Fintech startup Revolut has confirmed it was hit by a highly targeted cyberattack that allowed hackers to access the personal details of tens of thousands of customers. Revolut spokesperson Michael Bodansky told TechCrunch that an “unauthorized third party obtained access to the details of a small percentage (0.16%) of our customers for a…
SN Servicing settles data breach litigation
Top Class Actions reports: SN Servicing Corp. agreed to pay $900,000 to resolve claims that its lack of cybersecurity measures resulted in a October 2020 data breach. The settlement benefits individuals whose personal information was accessed by unknown third parties during SN Servicing’s October 2020 data breach. In July 2021, SN Servicing announced it had been the…