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…
Category: Financial Sector
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…
Morgan Stanley investors notified that lost CDs contained their personal and financial data
Christopher Maag reports: Personal information belonging to 34,000 investment clients of Morgan Stanley Smith Barney has been lost, and possibly stolen, in a data breach. According to two letters sent to clients, and obtained by Credit.com, the information includes clients’ names, addresses, account and tax identification numbers, the income earned on the investments in 2010,…
Citigroup Cites $2.7 Million in Customer Losses From Hack
Randall Smith reports: Citigroup Inc. has told government officials that about 3,400 of the customers whose credit-card information was hacked have suffered about $2.7 million in losses, according to people familiar with the matter. The disclosure is the first acknowledgment by the New York company that the May security breach resulted in any losses. Citigroup…