Yordan Kavaklov, 29, of Bulgaria, was sentenced yesterday by Senior United States District Judge Willis B. Hunt, Jr. to serve over 4 years in federal prison on multiple felony charges for conspiring to steal the bank debit card numbers and passwords of over 200 individuals through the use of a skimming device the defendant connected…
Category: Financial Sector
Hackers breach Warrick Co. bank accounts
Nicole DiDonato reports: Cyber thieves have recently hacked their way into dozens of online bank accounts in Warrick County. Investigators said that it happened to customers of People’s Saving and Trust Bank in Boonville (Indiana). The breach is not being done inside the bank itself, but rather to the company that services their customer’s debit…
RBS WorldPay downplays database hack reports
John Leyden reports: RBS WorldPay and a hacker are at loggerheads over the seriousness of a supposed breach on websites run by the payment processing firm. Security shortcomings – since blocked – on RBS WorldPay website exposed confidential information, including admin passwords and the contact details of partners, according to blog posts by Romanian hacker…
Employees: Sensitive info stolen during break-in; clients not being told
Mike Bowersock of NBC4i reports that although a burglary at NCO Financial Systems, a collection agency in Dublin Ohio, was reported to the police, what was not reported was that client data, including Social Security numbers, was stolen. The allegation comes from two employees who reportedly told the news reporter that they do not want…
Judge considers giving final approval to TD Ameritrade settlement
Josh Funk of Associated Press reports: The settlement over contact information stolen from online brokerage TD Ameritrade Holding Corp. is nearing approval, but the more than 6 million current and former customers affected will have to wait a little while longer. A hearing on the settlement was held Thursday, but U.S. District Judge Vaughn Walker…
Chase notifies customers of lost storage tape
A reader emailed me yesterday asking about an incident involving Chase. When I looked into it, I found that there was an incident first reported early last month involving a backup tape stored at an unnamed secure off-site facility that could not be located. On digging some more, I found that the incident had local…