Jonathan Greig reports: Morgan Stanley will pay a $35 million penalty to settle charges from the U.S. Securities and Exchange Commission for wide-ranging failures around properly disposing of hard drives and servers containing the personal information of some 15 million customers. The company did not respond to requests for comment, but the SEC said in…
Category: Financial Sector
Revolut confirms cyberattack exposed personal data of tens of thousands of users
Carly Page reports: Fintech startup Revolut has confirmed it was hit by a highly targeted cyberattack that allowed hackers to access the personal details of tens of thousands of customers. Revolut spokesperson Michael Bodansky told TechCrunch that an “unauthorized third party obtained access to the details of a small percentage (0.16%) of our customers for a…
SN Servicing settles data breach litigation
Top Class Actions reports: SN Servicing Corp. agreed to pay $900,000 to resolve claims that its lack of cybersecurity measures resulted in a October 2020 data breach. The settlement benefits individuals whose personal information was accessed by unknown third parties during SN Servicing’s October 2020 data breach. In July 2021, SN Servicing announced it had been the…
KeyBank: Hackers of third-party provider stole customer data
Frank Bajak reports: Hackers stole personal data including Social Security numbers, addresses and account numbers of home mortgage holders at KeyBank, the bank reports, in the breach of a third-party vendor that serves multiple corporate clients. The hackers obtained the information on July 5 after breaking into computers at the insurance services provider Overby-Seawell Company,…
Pk: Tension within SECP escalates as it tries to downplay data breach
Umar Cheema reports: Sensitive data of the Securities and Exchange Commission of Pakistan (SECP) has allegedly been stolen which has resulted in a tug of war between the chairman and the relevant commissioner. The latter claims she was kept in dark about the breach. The commissioner has now written to the finance minister for independent…
South Korea to ban 16 unregistered overseas crypto exchanges
FE Digital Currency reports: South Korea’s Financial Services Commission (FSC) has reported 16 foreign crypto exchanges to investigative agencies for violating the Specific Financial Information Act, Cryptoslate reported quoting news1. As per the report, the 16 companies have reportedly been offering crypto services to Koreans and conducting events geared toward Koreans despite the law prohibiting…