As noted here and elsewhere, the number of breaches reported in the media and other sources declined in 2009 relative to 2008, but newly obtained data suggests that once again, there was much that we did not know. During the period September 1 – December 31, 2009, 141 breach reports were received by the…
Category: Financial Sector
Missing Woodbury Financial USB contained client data
Woodbury Financial Services, an affiliate of The Hartford, is a broker-dealer using independent registered agents. On or about March 16, one of the agents gave WFS an unencrypted USB drive containing client data. The USB was subsequently found to be missing, and a search of the premises was unsuccessful. Woodbury Financial notified the New Hampshire…
(follow-up) Bank Worker Pleads Guilty to Hacking 100 ATMs
As a follow-up to a case reported here previously, Kim Zetter reports that a former Bank of America employee, Rodney Reed Caverly, pleaded guilty Tuesday to installing malware on more than 100 ATMs, and stealing $304,000 over a seven-month period. Authorities were able to recover at least $167,000 in cash after the worker told U.S….
Liechtenstein digs in heels against stolen bank data
The small tax haven of Liechtenstein is preparing to backpedal on an agreement with Germany to crack down on tax dodgers, and now plans to give no help if investigations are based on stolen data, a report said Wednesday. The tiny alpine principality, which lies between Switzerland and Austria, intends to introduce new clauses into…
79,000 clients identified from stolen HSBC data: prosecutor
Some 79,000 customers have been identified from data stolen from a Swiss unit of HSBC bank, a French prosecutor said Tuesday, citing a far higher number than previously made public. The chief executive of HSBC Private Bank (Switzerland) said last month that details on 24,000 bank customers may have been leaked in the theft three…
FINRA Fines D.A. Davidson & Co. $375,000 for Failure to Protect Confidential Customer Information
The Financial Industry Regulatory Authority (FINRA) issued the following press release today: The Financial Industry Regulatory Authority (FINRA) announced today that it has fined D.A. Davidson & Co., of Great Falls, MT, $375,000 for its failure to protect confidential customer information by allowing an international crime group to improperly access and hack the confidential information…