Some Union First Market Bank customers are upset after learning their private account information is accessible to other customers. Bank administrators say when online bill-pay accounts were transferred from First Market Bank to Union First Market Bank over the weekend, a bad file containing information of around 1000 customers was sent. That data is now…
Category: Financial Sector
Woman in Valley Forge theft ring sentenced
Mary Pat Flaherty and Martin Weil report: Thousands of dollars in unauthorized withdrawals were made from bank accounts in the Washington area after a skimming device was attached to an ATM in Alexandria, authorities said. The device, which captures bank card information, was spotted Feb. 28 at a Wachovia branch in the 3600 block of…
ID theft scam: 2 accused of stealing $289K in tax refunds
Serena Daniels reports: Two women pocketed nearly $300,000 in state and federal tax returns after stealing the identities of more than 60 customers of an Indiana H & R Block branch, federal prosecutors say. The alleged scheme was uncovered after Rosetta Buchanan, 35, and Francesca Foster, 32 — an H & R Block worker —…
(follow-up) Moscow gets tough on cybercrime as ID theft escalates
Joseph Menn reports: Russia has quietly arrested several suspects in one of the world’s biggest cyberbank thefts, raising hopes of a previously unseen level of official co-operation in a country that has been a haven for criminals. The Russian Federal Security Service (FSB)has detained suspects including Viktor Pleshchuk, an alleged mastermind behind a £6m (€6.6m,…
Firm denies hacking, stock manipulation charges
Elinor Mills reports: A Cyprus-based company accused of manipulating stocks on U.S. exchanges via compromised trading accounts denied the allegations on Friday, placing blame on “Russian swindlers.” A U.S. federal judge in New York agreed to freeze the assets of BroCo Investments on Tuesday, after the U.S. Securities and Exchange Commission filed a complaint alleging…
New 5/3 debit cards ‘safety precaution’
WOOD-TV reports: A security breach through a third-party payment company prompted Fifth Third Bank to send new debit cards to its customers as a safety precaution. Bank officials sent a letter to customers and said the debit cards may have been compromised, but other sensitive information, such as Social Security numbers, were not accessed. The…