The press release from Manhattan District Attorney Vance: Manhattan District Attorney Cyrus R. Vance, Jr., today announced the guilty plea of HAO “HOWIE” WANG, 28, for stealing more than $1.1 million from JPMorgan Chase & Co. (“JPMC”) and stealing the identities of four victims. WANG pled guilty to Grand Larceny in the First Degree, Identity…
Category: Financial Sector
Yet Another Bank Sued By A Small Business For Fraudulent Hacker Transfers
Ericka Chickowski reports: A new court case brought to bear against Professional Business Bank by Village View Escrow Inc. continued the battle waged over who’s to blame for hacking attacks that leave small business accounts drained following online password theft. Filed in late June in the California Superior Court in Los Angeles, the case is…
New ACH Fraud Suit Filed
Tracey Kitten reports: A March 2010 incident of corporate account takeover has led to yet another legal dispute between a commercial customer and its former bank. [See the complaint.] California-based Village View Escrow Inc. on June 27 filed a complaint with the California Superior Court, Los Angeles, against Professional Business Bank, claiming the bank is liable for the $465,000 financial…
IN: Parents worried about info breach at college savings program
WTHR reports: … Outside one of the nation’s largest student loan servicing centers is a warning: someone’s watching. But it’s the inside job David Miller is concerned about. He just learned the 529 College Savings accounts for his 16-year-old son Zach and 13-year-old son Noah were breached. The suspect is an employee at another Sallie…
If you were a customer of Geoff Gray Corporation, your breach notification letter may be in the mail
Financial services provider Geoff Gray Corporation notified the New Hampshire Attorney General’s Office this week of a “potential security breach” that occurred sometime between June 9th – when one of their servers was working properly and accessible – and June 14, when they were notified that the server wasn’t accessible. Their July 5th letter states that…
Missing Morgan Stanley Data: Who’s to Blame?
I saw this one coming after seeing all of the headlines blaming Morgan Stanley Smith Barney for the loss of two CDs with client data. I think a lot of people interpreted Credit.com’s original reporting on the breach to mean that the CDs arrived at the state offices. But their reporting was actually a bit…