Investment adviser firm Curian Capital maintains some records on clients of the financial professionals (such as investment advisers and broker-deals) it serves. According to a notification to the New Hampshire Attorney General’s Office dated January 29, on January 19, during the posting of routine fee statements to the secure electronic file cabinets of its financial…
Category: Financial Sector
(update) Ceridian computer glitch may have helped hacker
Steve Alexander reports: The hacker who stole information about 27,000 people from payroll processor Ceridian Corp. apparently had some inadvertent help from the company. According to one hacking victim, a Ceridian employee told him that his inactive, 10-year-old payroll data had been stolen because a Ceridian software glitch kept it in the company’s database long…
London moves to buy stolen bank data
Vanessa Houlder reports: Britain has approached Germany to buy data stolen from a Swiss bank in an effort to discover details of accounts hidden in the country by potential UK tax evaders. […] A number of German politicians, as well as the Swiss government, have criticised Berlin’s decision to purchase the stolen data. Although the…
Resident of India Pleads Guilty in International Online Brokerage “Hack, Pump and Dump” Scheme
A resident of India pleaded guilty today to conspiracy and aggravated identity theft charges arising from an international fraud scheme to “hack” into online brokerage accounts in the United States and use those accounts to manipulate stock prices, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and U.S. Attorney Deborah K.R. Gilg…
Swiss Data Affair Could Pay Off Handsomely for Germany
The extent of tax evasion by a number of German citizens with Swiss bank accounts appears to be far wider than originally thought. As the German government prepares to fork out a considerable sum for a CD with information about Germans suspected of dodging taxes, a newspaper reports that tax authorities could recover up to…
Heartland Payment Systems and Visa Inc. Announce Acceptance Rate of Over 97 Percent for Data Security Breach Settlement Agreement
From the press release: Financial institutions representing more than 97 percent of eligible Visa-branded credit and debit cards have accepted the Alternative Recovery Offers they received pursuant to the settlement entered into by Visa Inc. (NYSE:V), Heartland Payment Systems® (NYSE: HPY) and Heartland’s sponsoring acquirers last month. This level of acceptance fulfills the 80 percent…