The Associated Press reports: MasterCard Inc. said Thursday nearly all of the banks with claims related to a 2008 data security breach have agreed to accept a settlement. The settlement, agreed to by MasterCard and credit card payment processor Heartland Payment Systems Inc., required at least 80 percent acceptance by MasterCard issuing banks. MasterCard said…
Category: Financial Sector
Under the media radar: recently reported breaches
In a recent press release, the Identity Theft Resource Center (ITRC) pointed out that in some cases, we only find out about breaches because a state lists the reports it receives online. Some recent submissions to the New Hampshire Attorney General’s Office are a case in point. Although most of the breaches reported below would…
HSBC Helping Out Mail Thieves By Sending Out Pre-Activated Debit Cards
Phil Villarreal writes: Legitimate businessmen aren’t the only ones who need stimulus packages to get their games rolling again. Dudes who dig through peoples’ mail and steal debit cards can also use a little loving. HSBC understands this fact and is helping out by sending out pre-activated debit cards, Knowzy reports. There are reports that…
(follow-up) Former FDIC Employee Fined for Leaking Financial Data
Merikay Wootton, 63, Lenexa, Kan., has been sentenced to 24 months probation and fined $3,600 for disclosing confidential information while she was an employee of the Federal Deposit Insurance Corporation. Wootton pleaded guilty to unlawfully disclosing confidential information from a government agency. In her plea, she admitted she was working as a loan officer for…
Former Bank of New York Mellon computer tech pleads guilty
The Associated Press reports that Adeniyi Adeyemi, a former computer technician at Bank of New York Mellon, pleaded guilty to computer tampering and other charges. Adeyemi reportedly admitted to stealing 2,000 other employees’ identities and then using their ID’s for years to loot about $1 million from charities. Adeyemi had been indicted in October…
Bank of New York Mellon granted summary judgment in lost backup tapes lawsuit
Brandon Tavelli writes: On June 25, 2010, Judge Richard Berman of the U.S. District Court of the Southern District of New York granted summary judgment to The Bank of New York Mellon Corp. in Hammond v. The Bank of New York Mellon Corp., dismissing in its entirety a putative class action lawsuit arising from the…