Switzerland is still considering whether to take Germany to court over the purchase of stolen bank data the country is using to root out tax dodgers, Swiss President Doris Leuthard said on Wednesday. “The government has not yet decided,” Leuthard told broadcaster Deutschlandfunk ahead of a meeting with German Chancellor Angela Merkel in Berlin. Some…
Category: Financial Sector
Security fears as HSBC forgets to BCC
Ben Flanagan reports: Some of HSBC Middle East’s wealthiest customers have complained that their privacy has been compromised after the bank sent a mass mailout to its ‘Premier’ customers – whom are required to maintain a minimum balance or investment of AED350,000 ($95,300) – with customers’ email addresses visible in the ‘To’ field. The customer…
ESB tells customers of leak
Bobbi Mlynar reports: An ounce of prevention is worth a pound of cure for ESB Financial officials who this morning announced that a data backup seven years ago had inadvertently been sent to an unauthorized storage source. Marketing Vice President Karen Sommers said that the bank had hired a specialist to work on a special…
Two Romanian nationals charged with stealing bank acount numbers
Paula Reed Ward reports: Two Romanian nationals are in federal custody for allegedly using card skimmers to steal the account numbers from PNC Bank card users and then using those accounts to spend some $200,000. Alexandra Razvan Serb and Mihai Popa are charged with bank fraud, access device fraud and aggravated identity theft. The Western…
CT Attorney General Seeks More Details About Student Loan Data Breach Involving 3.3 Million
Attorney General Richard Blumenthal today announced that he is seeking more details about a data breach at Educational Credit Management Corporation (ECMC) that may have exposed personal information on 3.3 million federal student loan borrowers, including hundreds of thousands from Connecticut. Minnesota law enforcement officials announced that they have recovered the stolen data and arrested…
Attorney General Reaches Settlement with Certegy Check Services over Data Breach
Attorney General Bill McCollum today announced a settlement with a financial services company over allegations the company did not provide adequate data security for consumer records. Certegy Check Services, Inc., a St. Petersburg-based company, experienced a massive data breach which exposed personal identification information from approximately 5.9 million consumer files. Under the settlement, the company…