Mary Gazze of The Canadian Press reports: Scotiabank says it will use digital locks on data discs after three CDs containing unencrypted information, such as customer social insurance and account numbers, were lost in its internal mail system. The bank said a “small percentage” of customers are affected, but it is warning clients as a…
Category: Financial Sector
Financial data stealing Malware now on Amazon Web Services Cloud
Dmitry Bestuzhev of Kaspersky writes: There were some recent comments about Amazon Cloud as a platform for successful attacks on Sony… Well, today I found that Amazon Web services (Cloud) now is being used to spread financial data stealers. The evidence indicates that the criminals behind the attack are from Brazil and they used several…
Global Financial Aid Services reports a completely avoidable security breach
For those who remember the Peter, Paul, and Mary song, feel free to sing along with me: “When will they ever learn? Oh when will they ever learn?” Global Financial Aid Services of Gulfport, Mississippi recently notified the New Hampshire Attorney General’s Office that a laptop containing unencrypted student names, addresses, and Social Security Numbers…
NY man pleads guilty to skimming Valley National Bank customer data
A Bulgarian native and Queens, N.Y., resident admitted to a scheme to steal account information from bank customers by installing secret recording devices on ATMs in Nutley and Belleville, N.J., U.S. Attorney Paul J. Fishman announced. Georgi Nikiforov, 25, pleaded guilty in Newark federal court to an Information charging him with one count of conspiracy…
DA Announces Bust of Brooklyn-Based Identity Theft, Check Forgery Ring
Authorities announced the bust of a Brooklyn-based identity theft ring that stole personal information of customers at various banks, using it to create and cash fake checks. In one case a bank worker was even involved in the scheme, according to the DA. Manhattan District Attorney Cyrus Vance said 28 people were indicted Wednesday in…
BofA Breach: ‘A Big, Scary Story’
Tracy Kitten reports: An internal breach at U.S. financial giant Bank of America shows how some corporations do not focus enough attention on mitigating internal fraud risks. According to news reports, a BofA employee with access to accountholder information allegedly leaked personally identifiable information such as names, addresses, Social Security numbers, phone numbers, bank account…