A reader sent along this item from CoinWeek, noting the interesting references to tampering with AmEx security: U.S. Postal Service inspectors are investigating the fraudulent use of stolen American Express credit cards to purchase apparently tens of thousands of dollars of gold coins. “The orders are placed by phone, often for $10,000 to $20,000 worth…
Category: Financial Sector
Ukraine says breaks up global hacker ring, banks targeted
Olzhas Auyezov reports: Ukraine’s state security service on Thursday said it had broken up an international hacking ring that infiltrated foreign banks’ computer networks and stole $72 million. The hacker group, organised and led by Ukrainians, used a computer virus to access bank accounts abroad, the SBU security agency said. Read more from Reuters Canada.
UK banks unaffected by European data breach crackdown
Karl Finders reports: A crackdown on businesses which will make it mandatory to report security breaches will have little impact on UK banks, according to the British Bankers Association (BBA). Speaking at the BBA’s Data Protection and Privacy Conference, Viviane Reding, vice-president of the European Commission, said new rules will be implemented in Europe forcing businesses to…
Executive Learns From Hack
Evan Ramstad reports about the lessons learned by one executive after the Hyundai Capital Services hack: … His biggest mistake, he says, was that he used to treat the information-technology department as simply one of many units that helped the company get its main job done. Today he treats it as central to everything the company…
AZ: Lending Company security breach may be inside job
Melissa Ziedy reports: Investigators now believe the security breach at major Phoenix mortgage company could be an inside job. A police report obtained by CBS 5 News details how last month officials at the Lending Company in north Phoenix contacted detectives. One of its managers had reported seeing a computer transferring customer’s personal information to…
Citigroup reveals breach affected over 360,000 cards (updated)
John Ribeiro reports that Citigroup has updated its initial statement about its breach. Their updated statement is likely to fuel debate about time frames for disclosing breaches. It now seems that over 360,083 credit card accounts in North America were accessed by the hacker(s) during the compromise of its card account management website in May….