Faced with financial problems, a bank executive sold customers’ confidential details to several buyers, including an illegal moneylender, a court heard yesterday. In return, Sazaly Selamat, who worked for DBS Bank, was paid a total of $2,625. Yesterday, the 40-year-old pleaded guilty to seven charges of corruption and two of computer misuse. He was authorised…
Category: Financial Sector
Malware snags Pentagon Federal CU member’s SSN and data
Through its lawyers, Pentagon Federal Credit Union (PenFed) has notified the New Hampshire Attorney General’s Office of a security breach. According to a letter sent to the state on December 30, on December 12, PenFed discovered that a laptop had been infected with malware. The compromise allowed access to a database containing names, addresses, Social…
Keylogger captured Sovereign Bank customer data
By letter dated December 22, Sovereign Bank’s Chief Privacy Officer notified the New Hampshire Attorney General’s Office of a security breach: On October 15, Sovereign Bank… became of aware of unusual activity based on IP traffic. Upon discovery of the issue, the Bank launched an investigation, and performed due diligence which was completed on December…
ID thieves zero in on home equity lines of credit
Dan Browning reports: Burnsville resident Mike Calcutt says he was stunned last March when he learned that someone had run up nearly $90,000 in unauthorized charges on his home equity line of credit account at Affinity Plus Federal Credit Union. His shock turned to anger when the credit union informed him that he’d have to…
Westpac worker ‘aided $1.1m fraud’
Margaret Scheikowski reports: A Westpac employee was probably an accomplice of a Sydney man who defrauded the bank of more than $1.1 million through “identity theft”, a judge has found. Westpac Banking Corporation took civil action in the NSW Supreme Court, claiming that Ersever Toksoz, also known as Gino Versace, was the chief architect of…
(follow-up) Compensation confusion over Santander’s statement fiasco
Victoria Bischoff reports: Santander yesterday admitted sending the wrong bank statements containing other people’s personal details to thousands and thousands of customers. We explain if these customers will be entitled to compensation and if they are now at more risk of fraud? Will I get compensation from Santander? Early misleading reports indicate that tens of…