Barbara Leonard reports: A Russian hacker broke into online brokerage accounts and stole hundreds of thousands of dollars from its customers in a “hack, pump and dump” scheme, Scottrade claims in Federal Court. Defendant Valery Maltsev responded in a statement that said, in part: “Scottrade investors didn’t even see that money were going away from…
Category: Financial Sector
Ca: ‘I have her stuff. Who has mine?’
Candice Mac Lean reports: When Vicki Hill opened a large, brown envelope stuffed with financial documents last week, she expected it was the student loan information she requested from CIBC weeks earlier. Vicki Hill ended up getting someone else’s documents containing personal financial information, but some of her documents she requested weren’t delivered. Instead, among…
Former bank employee indicted on identity theft charges
A federal grand jury today indicted a former Regions Bank employee on fraud and identity theft charges, U.S. Attorney Joyce White Vance, Postal Inspector Frank Dyer and Secret Service Special Agent in Charge Roy Sexton announced. An 11-count indictment filed in U.S. District Court charges WASH TAYLOR COLEMAN JR., 33, of Birmingham, with mail fraud,…
Swiss mull lawsuit against Germany over bank data
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…
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…