Diane Bartz reports: Two lawmakers want JPMorgan Chase (JPM.N), the second largest U.S. bank by assets, to answer a few questions about how many customers were affected when a computer tape with their personal information was lost earlier this year. Representatives Joe Barton, the top Republican on the Energy and Commerce Committee, and George Radanovich,…
Category: Financial Sector
Former teen stock swindler pleads to new hacking charges
Kevin Poulsen reports: A former teenage hacker who once served prison time for an online stock-trading scheme pleaded guilty last week to new charges of cracking a New York-based currency exchange service and gifting himself more than $100,000. On Sept. 29, Van T. Dinh, now 25, confessed to computer fraud and identity theft in federal…
Heartland Breach: Inside Look at the Plaintiffs’ Case
Two stories today take a look at the the master complaint (pdf) filed last month in U.S. Southern District Court in Houston. Linda McClasson of BankInfoSecurity.com provides a timeline and re-hash of the breach that incorporates allegations from the lawsuit, including statements made by Heartland before and after the breach and the statement made by…
IT analyst at NY Fed Reserve Bank pleads guilty to ID theft scheme
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…
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…