David Enrich of the WSJ reports: Citigroup Inc. denied a report in The Wall Street Journal that federal authorities are investigating the theft of tens of millions of dollars from customer accounts by hackers, and sought to reassure clients that their funds are safe. The New York financial company sent employees in U.S. bank branches…
Category: Financial Sector
Press Release: Citi Says Its Systems Were Not Breached
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…
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…