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…
Category: Financial Sector
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…
Capital One: Who’s in their database?
On May 18, Capital One notified the New Hampshire Attorney General’s Office that a “fraud ring may have obtained certain customer information.” The personal information included names, addresses, account numbers, Social Security Numbers, and “other sensitive information.” According to the letter to affected individuals from James McFadden, Vice President Chief Privacy Officer, the compromise may…
Wells Fargo reports two insider breaches in 6-month period
Although it seems to have flown under the mainstream media radar, Wells Fargo reported at least two breaches involving insider wrongdoing in a six-month period. On November 12, 2009, its subsidiary, Wells Fargo Advisors (WFA) advised the New York State Consumer Protection Board that when a stock broker for Wachovia Security left the firm in…