A Selvaraj reports: The CB-CID’s cyber crime wing on Saturday arrested two Mumbai men for withdrawing Rs 26.55 lakh and Rs 75,510 respectively through fraudulent means from two separate accounts of two Tamil Nadu-based persons using net banking. The arrested, S Vinayak Shivaji Khandare (20) and I Ibrahim Ansari (25), have been brought to Chennai…
Category: Financial Sector
CA: Credit card numbers stolen in the East Bay
A handful of East Bay Wells Fargo customers had their credit cards canceled after their card numbers were stolen. The bank says the card holders were victims of what’s called “a point of sale compromise.” That means thieves acquired card numbers at a store or ATM — not by hacking into a computer system. Customers…
PlainsCapital, former customer settle cyber fraud dispute
Chad Eric Watt reports on a case that made news because of who sued whom: PlainsCapital Bank has settled a lawsuit it brought against a Plano business after cyber thieves transferred more than $800,000 from the company’s PlainsCapital bank account. Hillary Machinery Inc. and PlainsCapital were able to recover about $600,000 of the funds sent…
MasterCard Reaches Settlement With Heartland Payment Systems To Provide Issuers Worldwide Up To $41.4 Million For Data Breach Claims
MasterCard Worldwide today announced it has reached a settlement with Heartland Payment Systems (Heartland) to resolve claims by MasterCard and its issuers in connection with Heartland’s previously announced data security breach. The settlement agreement calls for Heartland to fund up to $41.4 million of “alternative recovery offers” to be made to eligible MasterCard card issuers…
(RBS follow-up) Hong Kong man jailed for role in 10-million-US-dollar scam
Another follow-up to previous coverage here: A former policeman in Hong Kong began a four-year jail sentence Tuesday for his part in a global scam in which 10 million US dollars was stolen using cloned credit cards. Cheung Hoi-wing, 40, was recruited as one of five Hong Kong “cashers” in the international plot masterminded by…
Los Angeles Firemen’s CU Has Data Breach
David Morrison reports: The $889 million Los Angeles Firemen’s Credit Union has notified some of its more than 28,000 members that private information may have been compromised. The May 10 letter from CEO Michael Maestro said that “an extremely small percentage” of member files were “not properly moved” when the CU relocated from an old…