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…
Category: Financial Sector
(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…
(follow-up) France stands by use of stolen bank data
France’s use of HSBC client data stolen by a former HSBC employer continues to create international tension. France maintains that they have obtained the information legally and can use it, while HSBC and the Swiss government do not see the data as having been legally obtained. Peggy Hollinger reports France said yesterday that it had…
Heartland pays Amex $3.6M over 2008 data breach
Robert McMillan reports: Heartland Payment Systems will pay American Express $3.6 million to settle charges relating to the 2008 hacking of its payment system network. This is the first settlement Heartland has reached with a card brand since disclosing the incident in January of this year. […] This settlement resolves “all intrusion-related issues between the…
No law, no investigation. So change the law!
On August 28, Missouri’s new data protection law went into effect. Fat lot of good it did for past clients of Nationwide Credit Counseling. When their financial records, replete with personal information, were found in bankers boxes in a dumpster , were they notified of the breach? No. And was any action taken against the…
Former Lone Star National Bank VP convicted of bank fraud
A former vice president and senior loan officer of Lone Star National Bank has been convicted of bank fraud. Emma Vigil, 48, of McAllen, pleaded guilty to two counts of bank fraud. At the hearing, Vigil admitted to using her position at Lone Star to conduct hundreds of thousands of dollars in fraudulent and unauthorized…