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…
Category: Financial Sector
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.
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…