Polly Rippon reports: A conman from Sheffield who masterminded conspiracies to defraud high street bank customers out of hundreds of thousands of pounds has been ordered to pay back nearly £30,000 to the authorities. Lawrence Siaw, aged 36, recruited bank workers to steal customers’ account details, then used them to plunder huge sums from their…
Category: Financial Sector
Report: RBS WorldPay Hacker Gets Four Years’ Probation
Robert McMillan reports: The mastermind behind one of the biggest hacking paydays in history has been sentenced to four years’ probation and an US$8.9 million fine, according to published reports. Victor Pleshchuk, 28, was sentenced to four years’ probation on Wednesday, according to Bloomberg News. He is considered the leader of a group of criminals who…
JM: First persons charged under Cyber Crimes Act
Jamaica’s Cyber Crimes Act was enacted earlier this year. Now two people who were observed acting suspiciously in front of an ATM while in possession of access and cloning devices have become the first individuals charged under the new law. The Jamaica Observer has the story.
Heartland Payment Systems, Discover Agree To $5 Mln Intrusion Settlement
Heartland Payment Systems said it reached a settlement agreement with Discover Financial Services (DFS) related to the 2008 criminal intrusion of Heartland’s payment system environment. Under the agreement, Heartland would pay Discover $5 million, resolving all issues related to the 2008 intrusion. “This settlement marks our final agreement with a card brand related to the…
AIB tells tribunal employee dismissed for accessing accounts
Genevieve Carbery reports: Unauthorised access to the bank accounts of 13 employees and three customers by a former Allied Irish Banks worker was “absolutely not” acceptable, a senior AIB manager said yesterday. Former AIB Capital Markets employee Brian Purcell (38), from Dublin, was dismissed in April 2009 after the bank discovered he had accessed the…
ID thief who had Wells Fargo customer info sentenced
Jonah Hanneke Nelson was sentenced Thursday to 58 months in prison following a plea agreement to resolve ID theft and bank fraud charges mentioned previously on this site. As noted last year, when aw enforcement executed a search warrant on his home, they found the names and account numbers of 550 Wells Fargo bank customers. …