Tara Loader Wilkinson reports: According to a report published by Swiss research group MyPrivateBanking last week, 61% of banks do not offer secure web messaging. And nearly 60% do not give privacy warnings to users of their website about sending unprotected e-mails to recipients at the bank. […] More than half of banks offered a…
Category: Financial Sector
(update) Salmat caused St George data breach
Renai LeMay reports: Business process outsourcing firm Salmat has acknowledged responsibility for a data breach at St George that saw some customers of the Westpac subsidiary receive account details that belonged to other customers. “Our statement production company Salmat has acknowledged responsibility for the error which occured and is currently completing a full investigation,” said…
CIBC to compensate customers for disclosing data
Joe Schneider reports: Canadian Imperial Bank of Commerce, the country’s fifth-biggest bank, agreed to compensate customers whose personal information was sent by mistake to businesses in the U.S. and Quebec. The agreement, approved by a judge in Toronto, settles a class-action, or group, lawsuit filed by the customers over the disclosure of their names, social…
St. George Bank printing gaffe fuels fraud fears (updated)
Jessica Johnston reports: A serious bank blunder has threatened the financial security of 42,000 people after their statements were mailed to strangers. A former bank manager and a business owner are among the Gold Coast victims of a major fraud scare after private details were distributed during a St George Bank printing mistake. The error…
TD Ameritrade data theft settlement talks resume
A lawsuit over the theft of contact information for more than 6 million TD Ameritrade customers has been ordered into mediation, so the search for a satisfactory settlement will continue. Last fall, U.S. District Judge Vaughn Walker in San Francisco rejected a proposed settlement last fall that offered anti-spam software and a promise of tighter…
Rash of identity thefts hits Valley
David Bolling reports: A wave of identity theft has struck Sonoma with numerous local citizens falling victim to fraudulent bank charges. In the past week alone, at least nine Sonoma residents reported fraudulent charges billed to their bank accounts through bank card transactions they did not make. The charges were global in scope, occurring in…