For Immediate Release Citigroup Inc. (NYSE: C) December 22, 2009 Citi Says Its Systems Were Not Breached NEW YORK – In response to an inaccurate story today by The Wall Street Journal on Citi’s cyber security, Citi issued the following statement: Allegations reported today by The Wall Street Journal of a breach of Citi systems…
Category: Financial Sector
WSJ report on Citigroup hack disputed by Citigroup
Siobhan Gorman and Evan Perez of the Wall Street Journal report: The Federal Bureau of Investigation is probing a computer-security breach targeting Citigroup Inc. that resulted in a theft of tens of millions of dollars by computer hackers who appear linked to a Russian cyber gang, according to government officials…… The Citibank attack was detected…
Albert Gonzalez Enters Plea Agreement in Heartland, Hannaford Cases
Kim Zetter reports: Albert Gonzalez, who has admitted hacking into TJX and other companies, has filed a plea agreement in charges that he breached Heartland Payment Systems, Hannaford, 7-Eleven and two other companies. Under the terms of the agreement, Gonzalez, a former Secret Service informant, will plead guilty to two counts of conspiracy to gain…
Heartland to pay up to $2.4 million to settle cardholder class action suit
Under the terms of the settlement, Heartland says it will pay a minimum of $1 million and up to a maximum of $2.4 million to class members who submit valid claims for losses as a result of the intrusion. The payment processor says it will also shell out $1.5 million for the cost of notice…
UPDATE: France agrees to hand back ‘stolen’ Swiss bank data
From the Agence France-Presse: France said Monday it would agree to a Swiss request to hand back data taken from a HSBC bank branch in Geneva that is at the centre of a row between the two countries. France said Monday it would agree to a Swiss request to hand back data taken from a…
(follow-up) HSBC denies ignored pvt bank whistleblower warning
Reuters reports on another aspect of HSBC-French tax mess: the ex-employee’s allegations that he tried to warn the private bank: IT specialist Herve Falciani, an ex-HSBC employee accused of handing data taken in 2006 and 2007 to the French, told Le Figaro he had passed the information to French tax authorities after it was ignored…