Robert McMillan of IDG News Service reports: A sanctioned security test of a bank’s computer systems had some unexpected consequences this week, leading the federal agency that oversees U.S. credit unions to issue a fraud alert. On Tuesday, the National Credit Union Administration (NCUA) warned all federally insured credit unions of a bogus letter that…
Category: Financial Sector
Credit Card fraud exposed in Andhra Pradesh
The sleuths of Cyber Crime Cell of Hyderabad Police today claimed to have busted a credit card fraud involving clandestine leakage of client’s confidential data with the arrest of four persons belonging to Andhra Pradesh. The police seized cloned credit cards of various banks, (local and international pertaining to Indians cards), skimmer (a device used…
‘The Analyzer’ Pleads Guilty in $10 Million Bank Hacking Case
Ehud Tenenbaum, aka “The Analyzer,” quietly pleaded guilty last week to a single count of bank-card fraud for his role in a sophisticated computer-hacking scheme that federal officials say scored $10 million from U.S. banks. The Israeli hacker was arrested in Canada last year for allegedly stealing about $1.5 million from Canadian banks. But before…
Hacking ring linked to theft at Citibank ATMs
The hacking ring allegedly at the centre of the world’s largest identity theft last week was also involved in cracking a network of Citibank-branded ATMs in 7-Eleven stores and operated by a third company, a law enforcement source claimed. […] In the case of the Citibank-branded ATMs, the perpetrators penetrated a network linking 2,200 kiosks…
I can’t picture this happening here
The Guardian in the UK published this letter: My mother regularly deposits pocket money in my 15-year-old son’s Bradford & Bingley savings account. Recently she paid in a £40 cheque at her local branch and asked for a receipt. She was handed a printed mini-statement showing his latest transactions. She did not feel she had…
Hacking kingpin negotiating plea deal with feds
The former government informant facing three separate indictments for allegedly being behind the largest data breaches in U.S. history is being offered a plea deal, U.S. and defense attorneys confirmed today. The plea negotiations with Albert Gonzalez, 28, of Miami, Fla., who was indicted Monday for the third time in connection with major data breaches,…