Jade Moreau reports: Lake Charles, LA (KPLC) – Numerous reports of bank account fraud are circulating throughout Southwest Louisiana. 7 News has heard many complaints from people who say their checking accounts may have been involved in a data breach. One area bank even said they had dozens of people closing accounts and creating new…
Category: Financial Sector
After a Breach, One Company’s Cybersecurity Claims Got Referenced in a Lawsuit
Joe Jabara writes: So it starts….with literally billions of dollars lost through cryptocurrency frauds and security breaches, it was only a matter of time before we started seeing a wave of litigation. On Monday, a case was brought in the United States District Court, Southern District of New York, by IRA Financial Trust against Gemini Trust Company…
Vietnam arrests Taiwanese national amid banking security breach
Khanh Vu and Phuong Nguyen report: Police in Vietnam have arrested a Taiwanese national amid an investigation into a cybersecurity breach in the country’s banking system, the Ministry of Public Security said. “A number of foreign groups have attacked and infiltrated into the system of Vietnam’s large commercial banks to steal their clients’ money,” the…
Capital One to settle 2019 data breach class action lawsuit for $190 million
Capital One will pay $190 million to resolve claims it jeopardized customer information in a 2019 data breach. The settlement benefits around 98 million Capital One customers whose information was compromised as part of the 2019 data breach. Read more at TopClassActions. This settlement is separate from the $80million penalty Capital One was fined in…
Ph: BSP sanctions BDO, UBP over December hacking incident
CNN Philippines reports: The Bangko Sentral ng Pilipinas (BSP) on Thursday announced it will sanction BDO Unibank and the Union Bank of the Philippines over the hundreds of unauthorized bank transfers last December. The BSP said its monetary board arrived at the decision following the conclusion of its investigation into the hacking incident. CNN Philippines…
Iranian Hackers Claim They’ve Hit the Bank of Israel – but ‘No Proof,’ Cyber Authority Says
Oded Yaron reports: A group of hackers purportedly linked to Iran said on Monday that they had succeeded in hacking into the system used to transfer money between Israeli banks and through it entered into people’s personal accounts. However, Israel’s National Cyber Directorate and the Bank of Israel, which operates the network, said they found…