Jaikumar Vijayan reports: Five people were indicted this week on wire fraud and other criminal charges stemming from a 2007 cybertheft in which nearly $450,000 was stolen from the bank accounts of the city of Carson, Calif. […] The alleged thieves used valid login credentials to access the city’s bank account and initiate both the…
Category: Financial Sector
Capital One: Who’s in their database?
On May 18, Capital One notified the New Hampshire Attorney General’s Office that a “fraud ring may have obtained certain customer information.” The personal information included names, addresses, account numbers, Social Security Numbers, and “other sensitive information.” According to the letter to affected individuals from James McFadden, Vice President Chief Privacy Officer, the compromise may…
Wells Fargo reports two insider breaches in 6-month period
Although it seems to have flown under the mainstream media radar, Wells Fargo reported at least two breaches involving insider wrongdoing in a six-month period. On November 12, 2009, its subsidiary, Wells Fargo Advisors (WFA) advised the New York State Consumer Protection Board that when a stock broker for Wachovia Security left the firm in…
In: 2 men held for stealing lakhs via net banking
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…
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…