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…
Category: Financial Sector
MA: HarborOne says 800 people affected by breach at Randolph branch
John Chesto reports: The assailant who attacked a courier on May 9 at the HarborOne Credit Union branch in Randolph didn’t end up getting any cash. But the attacker did end up with some sensitive information that was in a courier bag. That’s why the credit union sent out letters this week to about 800…
Kr: Hacker steals customer data from small brokerage
An unidentified hacker has broken into the computer system of a small South Korean brokerage house to steal the firm’s customer data, the financial regulator said Thursday, adding concerns over financial firms’ computer security maintenance. The Financial Supervisory Service (FSS) said the hacker infiltrated the computer server of Leading Investment & Securities Co. and stole…
(follow-up) Kr: Regulator plans to discipline Hyundai Capital over hacking
A Hyundai Capital data breach disclosed in April is resulting in consequences from South Korea’s financial regulator. Yonhap News Agency reports: South Korea’s financial regulator decided Wednesday to punish Hyundai Capital Services Inc. for lax computer system maintenance, which led to a major hacking attack at the biggest local consumer finance firm. The Financial Supervisory…
FL: Pasco couple used stolen IDs, bogus tax returns to pocket cash, deputies say
Molly Moorhead reports: A woman who worked at a Regions bank branch is accused of creating nearly 200 phony bank accounts using real people’s names and information, filing fraudulent tax returns in the victims’ names and then funneling the money to her boyfriend. All told, authorities say, Howayda Hamdan, 28, had more than $1 million…
GA: Former SunTrust employee indicted for theft, identity theft
Alan Riquelmy reports: A former Columbus SunTrust Bank employee faces accusations by a federal grand jury that she stole more than $170,000 from several people by taking money from their accounts or stealing their identities and making loans in their names. The grand jury indicted Tracey R. Pearson on Wednesday on 15 counts of theft…