Brian Krebs writes: An escrow firm in Missouri is suing its bank to recover $440,000 that organized cyber thieves stole in an online robbery earlier this year, claiming the bank’s reliance on passwords to secure high-dollar transactions failed to measure up to federal e-banking security guidelines. The attack against Springfield, Mo. based title insurance provider…
Category: Financial Sector
KY: Broker Accused Of Using Clients’ Credit Cards
A Louisville mortgage broker is accused of using his clients’ credit cards to make thousands of dollars in purchases. Brett Howard spoke with WLKY News about the charges filed against him on Tuesday. Howard said he started working as a mortgage broker for Homequest Mortgage in May 2009. He said that by mid-August, he wasn’t…
Hacked Federal Reserve Network Was Test-only
Robert McMillan reports: A June 2010 hacking incident that compromised a network at the Federal Reserve Bank of Cleveland happened on a test system and not the bank’s production servers…. According to Gates, the hacker managed to break into a single Fed test PC that was connected to other test computers. “This is a system…
Malaysian National Indicted for Hacking into Federal Reserve Bank
The Dept. of Justice issued the following press release about a case noted earlier today on this blog: Defendant’s Criminal Activities Extended to the National Security Sector A four-count indictment was returned by a federal grand jury in Brooklyn today charging Lin Mun Poo, a resident and citizen of Malaysia, with hacking into a computer…
Federal Reserve Hacker Steals 400,000 Credit Card Numbers: Feds
Jonathan Dienst reports: A Malaysian man hacked his way into the Federal Reserve Bank’s computers in Cleveland and also had more than 400,000 stolen credit card numbers when Secret Service agents finally caught up with him, federal prosecutors said. Lin Mun Poo was arrested at John F. Kennedy Airport last month as he traveled to…
New TD Ameritrade data theft settlement offers $50-$2,500 for ID theft in breach
Associated Press reports: Online brokerage TD Ameritrade (Nasdaq:AMTD) will offer up to $2,500 to each of the more than six million current and former customers affected by the theft of their contact information more than three years ago. But the proposed settlement, which will cost between $2.5 million and $6.5 million, still must be approved…