Brian Krebs reports: Payroll services provider PayChoice took its Web-based service offline for the second time in a month on Wednesday in response to yet another data breach caused by hackers. Moorestown, N.J. based PayChoice, provides direct payroll processing services and licenses its online employee payroll management product to at least 240 other payroll processing…
Category: Financial Sector
London cyber criminals face jail over Natwest fraud
Asavin Wattanajantra reports: London-based cyber criminals face jail after siphoning off £600,000 from bank customers with a trojan virus. According to a report in the West Sussex County Times, the criminals used a trojan to infected computers, which waited until a user logged onto an account and then slithered its way into online cash transfer…
Card firm hacking hits thousands of Swedes
David Landes reports: Debit card information for tens of thousands of Swedish banking customers may have fallen into the wrong hands following a security breach at card manufacturers MasterCard and Visa. Computer systems at both card makers were breached recently, allowing hackers to get away with data on thousands of banking cards, the Aftonbladet newspaper…
Bank of Bermuda moves to protect customers after security breach
From the your-guess-is-as-good-as-mine dept, Amanda Dale reports: Several hundred Bank of Bermuda accounts were closed yesterday and cards cancelled as an overseas retailer reported a breach in customer security. Bank spokeswoman Susan Jackson said: “Bank of Bermuda received notification from Visa and MasterCard that an overseas vendor has been compromised and that a number of…
Two charged in superseding indictment for their roles in a $30 million bank fraud and ID theft ring
A Miami Beach, Fla., man and his driver were charged Thursday in a Superseding Indictment for their roles in a telemarketing fraud and identity theft scheme that attempted to defraud financial institutions and their account holders throughout the United States of millions of dollars through the unauthorized and fraudulent debit of customer bank accounts. Acting…
Police look into shredder bin theft
Linda Golz reports: Authorities are investigating the thefts this week of large bins used to store paper waiting to be shredded from three FirstMerit Bank branches in Streetsboro, Westlake and Elyria. […] FirstMerit spokesman Rob Townsend said just one of the stolen containers actually had customer and bank information in it. Townsend said he is…