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Category: Financial Sector

RBS WorldPay downplays database hack reports

Posted on September 11, 2009 by Dissent

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…

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Employees: Sensitive info stolen during break-in; clients not being told

Posted on September 11, 2009 by Dissent

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…

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Judge considers giving final approval to TD Ameritrade settlement

Posted on September 11, 2009 by Dissent

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…

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Chase notifies customers of lost storage tape

Posted on September 10, 2009 by Dissent

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…

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Heartland: Judge to Hear Motions to Dismiss Suits

Posted on September 9, 2009 by Dissent

Linda McGlasson of BankInfoSecurity.com updates us on the status of lawsuits against Heartland Payment Systems and Heartland’s motion to dismiss: There are two class action suits — one on the consumer side and the second on behalf of the financial institutions affected by the massive breach. Earlier in June, a Multidistrict Litigation (MDL) panel decided…

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Nearly a dozen charged in counterfeit credit card scheme

Posted on September 7, 2009 by Dissent

Michelle Knoll reports: Prosecutors have charged eleven people in an elaborate, counterfeit credit card scheme. Eight of them are in custody. Federal investigators are still looking for the other three defendants. According to the criminal complaint, between July 2008 and April 2009 the group is accused of purchasing the personal information of Capitol One Bank…

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