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Category: Financial Sector

AU: Super IT blunder risked $23m contract

Posted on October 23, 2011 by Dissent

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…

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Financial Tracking Technologies denies any breach involving SEC staff brokerage data

Posted on October 20, 2011 by Dissent

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…

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Wells Fargo responds to breach report involving mail collation error

Posted on October 20, 2011 by Dissent

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…

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FL: Wells Fargo Customers Got Someone Else’s Financial Information (update 2)

Posted on October 20, 2011 by Dissent

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…

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In the wake of really bad press, First State Super walks back its threats against researcher

Posted on October 20, 2011 by Dissent

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…

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UAE: Bank gaffe shows info of wealthy customers

Posted on October 17, 2011 by Dissent

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…

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