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…
Category: Financial Sector
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…
20 Banking Breaches So Far in 2010
Linda McGlasson of bankinfosecurity.com reports: There have been 171 reported data breaches so far in 2010, and 20 of these involve financial services companies. This means that in less than one quarter of the year, we already have seen nearly one-third of the 62 banking-related breaches reported in all of 2009. The rest of the…
Former National City Bank debit accounts hacked
Ieva M. Augstums reports: PNC Financial Services Group is investigating a systemwide account breach that affects former National City Bank customers and their debit card accounts. […] Bank officials were made aware of the data breach earlier this week, but Solomon would not say how many customers’ accounts have been compromised or how much money…
U.S. likely to get peek at HSBC accounts
Yesterday, it was the U.K. in the news over announcements it would be getting tax records stolen from HSBC. Now it’s the U.S.’s turn, it seems. Reuters reports: “To the extent the HSBC data includes U.S. based taxpayers having interests in HSBC foreign accounts, it is a virtual certainty such information will be delivered to…
UK To Acquire Stolen Private Banking Data Of HSBC In Switzerland
Tom Burroughes reports: The UK government is to acquire the Swiss bank account details of up to 6,600 wealthy UK citizens suspected of evading tax after information was stolen from HSBC’s private bank in Switzerland by a software engineer, the Sunday Times (of London) reported. The report comes shortly after it was reported that the…