Some updates to the First State Superannuation breach reported previously: 1. First State will not be taking legal action against Patrick Webster, the customer and IT security expert who alerted them to the breach. 2. The Australian Privacy Commissioner will investigate the breach. 3. On October 19, First State issued a statement linked from their home…
Category: Financial Sector
UAE: Bank gaffe shows info of wealthy customers
Gregor Hunter reports: A bank blunder has revealed the personal email details of scores of HSBC’s high-income customers for the second time in two years. The security breach occurred after a mass email was sent on Sunday morning to 178 customers of HSBC Premier, the bank’s account level for high earners, advising them that it…
Update: Suspected hacker in Hyundai Capital incident arrested in Philippines
A suspected hacker wanted on suspicion of stealing customer data earlier this year from Hyundai Capital, an affiliate of South Korea’s top automaker, has recently been arrested in the Philippines, police here said Monday. The 35-year-old man, identified only by his surname Shin, allegedly broke into the computer system of the financial firm several times…
SEC Warns Staff Their Stocks Data Was Exposed (Update 1)
From the heeding-their-own-advice dept.: The Securities and Exchange Commission is warning staffers that their personal brokerage account information may have been compromised, after it uncovered security flaws with an ethics compliance program.%
GA: Former bank employee accused of theft, identity fraud
J. Scott Trubey reports: A Villa Rica woman who formerly worked for a bank will make an initial court appearance Wednesday on charges that she siphoned money out of customer accounts and stole identities to make fraudulent loans. Sherri Whitlock Hines, 40, was indicted last week in Carroll County Superior Court on five counts of…
Ameritrade lawsuit settlement approved
In one of the longer-running databreach lawsuits, a court has now approved the settlement in the Ameritrade case. Associated Press reports that the deal will cost Ameritrade between $2.5 million and $6.5 million. Settlement details are available online at www.accountdatasettlement.com.