First Republic Bank has been notifying clients after records containing their information were improperly disposed of on August 2. In its letter to clients, Maureen Maginn, Senior Vice President of Deposit Services, wrote: … on August 2, 2012, certain data were discarded in a way that did not adhere to our strict data disposal requirements….
Category: Financial Sector
Willingboro woman sold IDs of TD Bank customers, used them to take money from accounts: police
Jessica Beym reports: A Burlington County woman and a New York man were each charged Thursday with one count of bank fraud and two counts of aggravated identity theft in a scheme that netted them more than $170,000, announced United States Attorney Zane David Memeger. Authorities said Patricia Lightsey, 27, of Willingboro, worked as a…
Oops x 2: lack of logs confounds thorough breach investigation
The Depository Trust and Clearing Corporation realized that employee information – including SSN and financial information – was improperly accessible to other employees on its intranet. But its lack of adequate logging procedures made it impossible for them to determine who may have accessed the data, they report to the New Hampshire Attorney General.
Global Payments Takes Charge of $84 Million for Data Breach
Andrew R. Johnson of Dow Jones Newswires reports: Global Payments Inc. (GPN) said Thursday a security breach that exposed potentially millions of consumers’ payment cards to fraudsters will cost it $84.4 million. The Atlanta-based company, which processes card transactions for banks and merchants, recorded a pre-tax charge for the amount, equal to 68 cents of…
Swiss Confirm Falciani Arrest in Spain Over HSBC Data Theft
Neil MacLucas of Dow Jones Newswires reports: Switzerland has confirmed the arrest in Spain of Herve Falciani and are now seeking extradition of the Italian-French citizen being sought by police in connection with the theft of customer data from the Geneva branch of HSBC Private Bank. […] Copies of the HSBC data, which lists the…
MN: Bankers’ breaches to help ID theft ring lead to prison
Dan Browning reports: Two former bankers convicted of aggravated identity theft and helping an international crime organization based in the Twin Cities to bilk more than $50 million from U.S. banks apologized for their crimes Wednesday and pleaded with a judge to go easy on them. But Chief U.S. District Judge Michael Davis flatly rejected…