Amanda Pinto reports: Four Romanian citizens have been indicted on charges related to a multi-state ATM scam through which they allegedly installed “skimming devices” and pinhole cameras in order to steal customers’ banking information. Two of the men employed the scam at People’s United Bank in Madison in September 2009, and used the information to…
Category: Financial Sector
Maryland Attorney General Settles with Mid Atlantic Processing
Attorney General Douglas F. Gansler announced that his Consumer Protection Division has entered into a settlement with MAP, LLC, a payment processing company formerly doing business as Mid Atlantic Processing, and Martin A. Taylor and Rony Natanzon, two officers of the company. The Division alleged that when Mid Atlantic Processing closed its Owings Mills office…
Heartland breach expenses pegged at $140M — so far
Jaikumar Vijayan reports: The costs to Heartland Payment Systems Inc. from the massive data breach that it disclosed in January 2009 appear to be steadily adding up. Quarterly financial results released by Heartland last week show that the card payment processor has accrued $139.4 million in breach-related expenses. The figure includes a settlement totaling nearly…
Email error adds insult to injury
Karin Spaink’s blog summarizes a Dutch data leak: Many people who were duped by DSB Bank going broke, joined the foundation Hypotheekleed (’mortgage pains’). One of them suddenly started to receive e-mails containing the names, data and mortgage information of other members. Apparently, this happened because one of the employees of the foundation entered the…
Check cashing business throws out documents with Social Security numbers
Denae D’Arcy reports: A man made a disturbing find in North Knoxville Thursday evening. Hundreds, maybe thousands, of documents with personal information were dumped behind a shopping center. […] When a 6 News crew arrived at Fast Cash in a shopping center at 5100 Clinton Highway, they found documents scattered around a dumpster behind the…
Visa Warns of Fraud Attack from Criminal Group
Brian Krebs reports: Visa is warning financial institutions that it has received reliable intelligence that an organized criminal group plans to attempt to move large amounts of fraudulent payments through a merchant account in Eastern Europe, possibly as soon as this weekend. In an alert sent to banks, card issuers and processors this week, Visa…