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…
Category: Financial Sector
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. …
UK: Yorkshire Building Society takes action after customers’ details are stolen
The Information Commissioner’s Office (ICO) has found Yorkshire Building Society (YBS) in breach of the Data Protection Act after an unencrypted laptop belonging to the former Chelsea Building Society (CBS), which had recently merged with YBS, was stolen from its Cheltenham premises. The laptop contained a substantial part of the CBS customer database. The laptop…
Confessions of an ATM Hacker
Tracy Kitten writes: I caught up this week with Barnaby Jack, the so-called ethical hacker who cracked the operating systems of two retail ATMs during last month’s Black Hat Technical Security Conference in Vegas. Jack, who heads research for IOActive Labs, a privately held computer and network security firm in San Francisco, hacked two commonly…
Banks Complicit in Fraud — Is it Systemic?
Naomi Wolf has followed up on her recent column about her experiences with WaMu and fraud by describing her shock at discovering how widespread such problems are and the e-mails she received from readers. Well, I certainly now felt less alone — but far more outraged and alarmed, on behalf of all of us, especially…
Swiss Bank Data Studied by Baden-Wuerttemberg for $1 Billion in Unpaid Tax
Patrick Donahue reports: German authorities in the state of Baden-Wuerttemberg are examining tax information offered by an informant detailing what may be illicit funds stashed in Swiss accounts, though they said they won’t buy stolen data. Finance Ministry officials in the southwestern region received an offer from an informant who claimed to have information on…