David O’Dornan and Paul Higgins report: A teenage boy was today charged with creating a computer virus which ‘crashed hundreds of financial institutions’ across the world. Although he did not appear at Newtownards Magistrates Court in Northern Ireland, 18-year-old Josh Maunder was charged with 21 offences. They included 13 charges of doing an unauthorised act…
Category: Financial Sector
Flagstar Bank discloses data breach impacting 1.5 million customers
Bill Toulas reports: Flagstar Bank is notifying 1.5 million customers of a data breach where hackers accessed personal data during a December cyberattack. Flagstar is a Michigan-based financial services provider and one of the largest banks in the United States, having total assets of over $30 billion. Read more at Bleeping Computer.
Quebec court approves $200.9M settlement against Desjardins over data breach
The Canadian Press reports: The Superior Court of Quebec has approved a nearly $200.9-million settlement of a class-action lawsuit against Desjardins over a data breach — the largest to date in the Canadian financial services sector. Siskinds Desmeules and Kugler Kandestin say everyone affected by the breach, regardless of where they live, will be eligible to claim….
LA: Third party data breach compromises local checking accounts
Jade Moreau reports: Lake Charles, LA (KPLC) – Numerous reports of bank account fraud are circulating throughout Southwest Louisiana. 7 News has heard many complaints from people who say their checking accounts may have been involved in a data breach. One area bank even said they had dozens of people closing accounts and creating new…
After a Breach, One Company’s Cybersecurity Claims Got Referenced in a Lawsuit
Joe Jabara writes: So it starts….with literally billions of dollars lost through cryptocurrency frauds and security breaches, it was only a matter of time before we started seeing a wave of litigation. On Monday, a case was brought in the United States District Court, Southern District of New York, by IRA Financial Trust against Gemini Trust Company…
Vietnam arrests Taiwanese national amid banking security breach
Khanh Vu and Phuong Nguyen report: Police in Vietnam have arrested a Taiwanese national amid an investigation into a cybersecurity breach in the country’s banking system, the Ministry of Public Security said. “A number of foreign groups have attacked and infiltrated into the system of Vietnam’s large commercial banks to steal their clients’ money,” the…