Sapa reports: Cape Town – The department of home affairs and the banking sector are collaborating on an online fingerprint verification model to curb identity-related fraud and corruption that is costing the economy millions of rands, cabinet spokesperson Jimmy Manyi said on Thursday. Speaking at the fortnightly post-cabinet briefing on Thursday, Manyi said: “This will…
Category: Financial Sector
Korean hacker awaiting deportation
A Korean who hacked into a communication company’s database and downloaded data of its 40,000 customers is currently awaiting deportation to Seoul, the Bureau of Immigration said. Shin Un-sun, 37, has been apprehended last October 5 in a popular shopping center in San Juan City by the Philippine National Police Criminal Investigation and Detection Group…
AU: Super IT blunder risked $23m contract
Asher Moses reports that the Pillar Administration coding that left First State Super clients’ account information viewable online by simple url manipulation also affected three other superannuation funds and the federal government is delaying a contact it had with Pillar until its security is assured: The federal government has been in daily contact with the…
Financial Tracking Technologies denies any breach involving SEC staff brokerage data
Because reputation is important and because I covered accusations by the SEC that their contractor, Financial Tracking Technologies, LLC, improperly disclosed staff personal stock account data to a subcontractor or subcontractors, it seems only right to publish FTT’s response denying the allegations: With respect to the notice that the SEC provided to employees, Financial Tracking…
Wells Fargo responds to breach report involving mail collation error
Wells Fargo sent DataBreaches.net the following statement about the breach reported in mainstream media earlier today: Some of our customers with accounts established in South Carolina and Florida may have received in error pages from other customer accounts in their September paper statements. (Note: Online accounts were unaffected by this error.) The error occurred due…
FL: Wells Fargo Customers Got Someone Else’s Financial Information (update 2)
Mike Lyons reports that a mailing error by Wells Fargo in Florida exposed customers’ bank account information to each other. Social Security numbers were not involved, but bank account numbers, balances, and transactions were. Ugh. Update: This may be a regional or national problem, as other parts of the country are also reporting complaints from…