CUMIS Insurance Society and the credit unions it insures have failed in their lawsuit against BJ’s Wholesale Club and Fifth Third Bank over a 2004 breach that affected 9.2 million cardholders. The background of the case, as summarized in the court opinion: In February, 2004, Visa and MasterCard determined that computer thieves had gained access…
Category: Financial Sector
HSBC Heist Includes Data on 130,000 Clients Worldwide, JDD Says
Le Journal du Dimanche (JDD) reports that the data stolen from HSBC in Geneva includes information on 130,000 clients from around the world, according to a story in Bloomberg News that cites the paper and a French prosecutor, Eric de Montgolfier. A former employee at the Swiss bank leaked the information to de Montgolfier, who…
Wells Fargo says “system error” to blame for mailing mixup
Bill O’Driscoll reports: When a Wells Fargo Bank statement showed up in Janet Levesque’s mail, the Reno address was right but the name wasn’t hers. She opened it to find her correct account number, but fearing for the safety of her identity, she said she called the bank headquarters in California and was told some…
Ca: Alberta health board cleared in records breach
Because we don’t have a privacy commissioner who actually — gasp — investigates breaches and issues findings, and all we have is HHS which doesn’t publish its findings and leaves us generally in the dark, this report out of Canada is especially interesting. The Alberta privacy commissioner’s office has found that the province’s health board…
HSBC whistleblower in hiding amid money-laundering investigation
The Times Online has more details on the HSBC breach that is causing some international conflict. Earlier, HSBC had reported that an employee had stolen some client data (on fewer than 10 clients) and sold it to French authorities who were seeking to investigate French citizens who were using Swiss banks to avoid paying taxes….
Judge dismisses shareholder lawsuit against Heartland (updated)
Dan Kaplan reports: A U.S. District Court judge in New Jersey has tossed out a class-action lawsuit filed by shareholders against Heartland Payment Systems, the credit card processor announced Wednesday. The judge granted Heartland’s motion to dismiss the action, which was filed in the wake of Heartland’s massive breach that was reported earlier this year,…