Joanna Small of WSBT reports that a lien release mailed to a customer by Commerce Bank included the customer’s social security number on the envelope, right under the customer’s name: […] We talked to a Commerce Bank spokesperson Saturday evening. She says the bank will immediately look into the Martin’s situation and have an explanation…
Category: Financial Sector
FINRA Imposes Fines Totaling $600,000 Against Lincoln Financial Securities and Lincoln Financial Advisors for Failure to Protect Confidential Customer Information
The Financial Industry Regulatory Authority (FINRA) announced today that it has imposed fines of $450,000 against Lincoln Financial Securities, Inc. (LFS) and $150,000 against an affiliated firm, Lincoln Financial Advisors Corporation (LFA), for failure to adequately protect non-public customer information. In addition, LFS failed to require brokers working remotely to install security application software on…
Bank of America website exposes customer accounts, data
Ray Wert reports on Jalopnik that Bank of America’s online banking system experienced a security breach or glitch that enabled logged in users to see other people’s accounts: Someone very close to me called moments ago and told me that when she logged into her Bank of America account earlier this evening she saw, rather…
Follow-up to RBS Breach: Russian hacker admits guilt in $10 million cyber theft x
Reuters reports: A Russian man has pleaded guilty in court to stealing $10 million from former Royal Bank of Scotland division World Pay in 2008 by hacking into accounts, RIA News reported on Monday. Investigators said 27-year-old Yevgeny Anikin was a member of an international hacking ring that copied client account information and boosted the…
Credit Report Resellers Settle FTC Charges; Security Failures Allowed Hackers to Access Consumers’ Personal Information
As part of the Federal Trade Commission’s ongoing campaign to protect consumers’ personal information, three companies whose business is reselling consumers’ credit reports have agreed to settle FTC charges that they did not take reasonable steps to protect consumers’ personal information, failures that allowed computer hackers to access that data. The settlements require the companies…
CA: Three arrested for credit card fraud
San Luis Obispo Police arrested three people who allegedly stole $58,000 from at least 100 people by strategically placing small cameras and card readers at several county banks. For several months, police have been investigating local credit card skimming operations. On January 13, a Chase Bank investigator told police he had captured video images of…