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.
Category: Financial Sector
Citigroup Sued by Cardholders Over May Security Breach
Patricia Hurtado reports: Citigroup Inc. (C), the third-largest U.S. bank, was sued by cardholders over a May computer security breach that affected more than 360,000 accounts. Kristina and Steven Orman of Northport, New York, sued Citigroup in federal court in Manhattan today, seeking to represent victims of the hacking in a class-action, or group, lawsuit….
Admitted Countrywide data thief gets 8 months in prison (updated)
In a breach case that was first revealed in August 2008, a former Countrywide employee has been sentenced: A former employee of mortgage lender Countrywide Financial Corp. was sentenced Tuesday to eight months in prison and ordered to repay $1.2 million after pleading guilty to downloading millions of borrower files on thumb drives and selling…
Hana SK Card joins the ranks of South Korean firms suffering data leaks
Kang Seung-woo reports: A succession of data leaks are besieging local credit card issuers as the latest version of online security breach has taken place at Hana SK Card. The continuous irregularities are keeping customers on their toes amid mounting worries about faulty online security. According to the card issuer, its telemarketing employee leaked not…
Bank’s credit card bills found dumped
Ellen Jia reports: At least 500 credit card bills were found dumped at a recycling station in the Pudong New Area yesterday, raising concerns over a possible leak of bank customers’ personal information. The bills, in more than 10 bunches of 50 each, were from the Shanghai Pudong Development Bank. The bank and the Pudong…
Credit Union MasterCard “glitch” reveals personal information
David Giles reports: It was not the type of password reset Patty Oglivie-Evans was expecting when she reset her Credit Union MasterCard password Wednesday morning. Oglivie-Evans was having trouble logging into her account and when she decided to reset her password, she ended up seeing another persons’ account history. […] That information included yearly salary,…