Saint Francis Federal Credit Union officials said that 8,400 account holders’ information may be at risk after the loss of a backup tape that contained customer information. Officials said the tape may have been destroyed during a “trash removal process,” but that they have been unable to confirm this. Read more on Tulsa World.
Category: Financial Sector
J.P. Morgan Chase employee pleads guilty to selling customer profiles
Dennis C. Pfannenschmidt, United States Attorney for the Middle District of Pennsylvania, announced that a Monroe County woman pleaded guilty before Senior U.S. District Court Judge William J. Nealon to participating in a scheme with others to access and unlawfully obtain more than $60,000 from accounts in a New Jersey bank. Pfannenschmidt stated that Christine…
(follow-up) Latvians to be deported for role in Davidson Companies extortion plot
Some breaches continue to tie up resources for years. The Davidson Companies breach, first revealed in January 2008, seems to be one of them. Even though the lawsuit against the firm was settled in November, in April, FINRA fined them, and some attempted extortionists were indicted. Now there’s yet another update to the story. Travis…
Ca: Risks remain in wake of mortgage broker breaches, audit shows
Several mortgage brokerages improved some privacy and security measures following a string of major data breaches, but failed to implement controls to raise the alarm about any future suspicious activity, a privacy audit has found. The audit by the Office of the Privacy Commissioner of Canada (OPC) was launched after the brokerages reported 14 data…
BofA Call Center Worker Pleads Guilty to Data Theft
Robert McMillan reports: A Bank of America call center employee has pleaded guilty to charges that he stole sensitive client information and then tried to sell it for cash. Brian Matty Hagen pleaded guilty last week to one count of bank fraud. According to court filings he allegedly recorded customer account information when BofA customers…
Five indicted in cybertheft of city’s bank accounts
Jaikumar Vijayan reports: Five people were indicted this week on wire fraud and other criminal charges stemming from a 2007 cybertheft in which nearly $450,000 was stolen from the bank accounts of the city of Carson, Calif. […] The alleged thieves used valid login credentials to access the city’s bank account and initiate both the…