A former employee of the Federal Reserve Bank in New York, Curtis L. Wiltshire, pleaded guilty today to one count of bank fraud and one count of aggravated identity theft for having obtained student loans using stolen identities. Kenneth Wiltshire, Curtis Wiltshire’s brother, pleaded guilty to related charges on September 15, 2009. According to the…
Category: Financial Sector
Lawsuits over Heartland data breach folded into one
Jaikumar Vijayan reports: A lawsuit consolidating 16 separate class-action complaints brought by financial institutions against Heartland Payment Systems Inc. has been filed in U.S. District Court for the Southern District of Texas. […] The amended complaint includes for the first time several statements that Heartland is alleged to have made regarding the controls it had…
Lawsuit: Heartland Knew Data Security Standard was ‘Insufficient’
Linda McClasson reports: Months before announcing the Heartland Payment Systems (HPY) data breach, company CEO Robert Carr told industry analysts that the Payment Card Industry Data Security Standard (PCI DSS) was an insufficient protective measure. This is the contention of a new master complaint filed in the class action suit against Heartland, which in January…
Royal Bank glitch allowed Visa customers to view others’ transactions
Gillian Shaw reports: The Royal Bank says it has fixed a computer security glitch that allowed some of its West Coast Visa customers to view transactions made by other cardholders. Vancouver’s Mike Jagger was checking his RBC Visa statement online when he found himself staring at someone else’s transactions — about $20,000 worth of charges….
Dutch bank DSB denies problems after TV comments
Reuters reports: Dutch bank DSB dismissed calls from a mortgage foundation on Thursday for customers to withdraw their money and denied there was a run on the bank. “There are no mass numbers of people taking away their money,” DSB spokesman Klaas Wilting said following remarks by Pieter Lakeman, chairman of the Stichting Hypotheekleed, in…
URLZone touted as most sophisticated banking trojan yet
Angela Moscaritolo reports: A new banking trojan called URLZone enabled cybercriminals to steal roughly $439,000 from German bank accounts during a recent 22-day crime spree, according to researchers at web security firm Finjan. “So far, this is the most sophisticated bank trojan that we have seen,” Yuval Ben-Itzhak, CTO of Finjan, told SCMagazineUS.com on Wednesday….