The Information Commissioner’s Office (ICO) has found Bellgrange Mortgages and Insurance Services Ltd in breach of the Data Protection Act after clients’ details were found in two large waste bins intended for the use of local residents. The organization, based in Stanmore, has signed an official Undertaking to improve data security. The material included mortgage…
Category: Financial Sector
Heartland in $60 mln settlement agreement with Visa
Reuters is reporting: Heartland Payment Systems Inc (HPY.N) said it reached a $60 million settlement agreement with Visa Inc (V.N), under which it will pay issuers of Visa-branded credit and debit cards for data security breach claims. Heartland, the fifth-largest payments processor in the United States, said the settlement was with respect to losses issuers…
KS: Two Indicted For Identity Theft
WIBW reports: A Topeka man and Olathe woman are accused of identity theft. 45-year old Robert L. Maxwell of Topeka and 46-year old Marcella D. Machado of Olathe are each charged with conspiracy, bank fraud, aggravated identity theft, and theft or receipt of stolen mail. The indictment alleges that Maxwell and Machado obtained information relating…
Heartland breach shows why compliance is not enough
Jaikumar Vijayan reports: […] The [Heartland] intrusion led to the “stark realization that passing a PCI security audit does not make a company secure,” said Avivah Litan, an analyst at research firm Gartner Inc. “This was known well before the breach, but Heartland served as a big pail of ice water thrown on the face…
Hackers May Have Unearthed Dirt on Stanford
Brian Krebs writes: In early 2008, while federal investigators were busy investigating disgraced financier Robert Allen Stanford for his part in an alleged $8 billion fraudulent investment scheme, Eastern European hackers were quietly hoovering up tens of thousands customer financial records from the Bank of Antigua, an institution formerly owned by the Stanford Group. […]…
MA: Data breaches affect million state residents
Hiawatha Bray of the Boston Globe had an article in today’s paper about the 807 breach notifications the state received over a two-year period. The article referenced some breaches not previously reported in the media: Smaller incidents include the theft in October of three laptop computers from the Springfield accounting firm Moriarty & Primack. The…