Romulus Bacian, 40, and Marius Enache Csapay, 45, both of Romania, pleaded guilty today to their roles in a conspiracy to steal ATM/debit card account information from hundreds of Washington Mutual customers using “skimming” equipment they illegally affixed to ATMs around the metro Atlanta area. According to various sources: beginning in the fall of 2007…
Category: Financial Sector
Heartland revises results for third quarter due to breach costs
Breach costs force a revision in estimates. From their press release: …. subsequent to the release of its earnings for the third quarter on November 3, 2009, Heartland engaged in settlement discussions that resulted in an increase in settlement offers made to certain claimants in an attempt to resolve certain of the claims asserted against…
Ca: Winnipeg bank customers defrauded
Hundreds of Winnipeggers woke up on the weekend to discover that while they were sleeping, criminals were awake and stealing money from their bank accounts. Both bank and credit union customers say hundreds of dollars were taken, or attempted to be withdrawn, from their accounts. Customers from Royal Bank and Bank of Montreal say their…
Private paperwork found in Yankee parade confetti
Julia reports: The half ton of recycled confetti provided to buildings lining the Canyon of Heroes in downtown Manhattan for the Yankees’ victory parade yesterday turned out not to be enough for some people to show their enthusiasm. Medical records, financial statements, pay stubs, law firm invoices and court records were found in the fifty…
MassMutual warns of data breach
Jaclyn Cashman reports: “MassMutual can confirm that, despite comprehensive procedures and diligent practices to protect confidential and private data concerning employees at MassMutual and several of its subsidiaries, a limited amount of personal employee information maintained in a database by an outside vendor (engaged by the company) may have been subject to unauthorized access. However,…
FSA condemns weak controls at UBS that allowed rogue traders to flourish
Michael Herman reports: The Financial Services Authority (FSA) has fined UBS £8 million for weak controls that allowed staff in its private bank to make thousands of unauthorised trades with clients’ money and then hide the losses. It is the third-largest fine awarded by the FSA. Four private bankers in UBS’s London office were able…