For Heartland Payment Systems Inc. CEO Robert Carr, the year did not start off well, to say the least. In January, the Princeton, N.J.-based provider of credit and debit processing, payment and check management services was forced to acknowledge it had been the target of a data breach — in hindsight, possibly the largest to…
Category: Financial Sector
BofA, Citigroup warn of security breach (updated)
Tim McLaughlin pf Boston Business Journal reports that Bank of America and Citigroup have issued new credit and debit cards to Massachusetts customers after security concerns. Both sent letters to customers in MA that their account numbers may have been compromised. “We have learned that account information from certain Bank of America debit cards may…
Chinese hackers detained
Police in northeastern China’s border prefecture Yanbian said Friday they have detained two hackers who stole 450 million won (about 362,000 U.S. dollars) from online accounts at the Republic of Korea banks. The case involved the largest amount of money of its kind in China, said the public security bureau at a press conference in…
Three Atlantans indicted for bank fraud conspiracy
Three metro Atlanta residents have been indicted on bank fraud conspiracy and identity theft charges for allegedly stealing Wachvoia Bank account numbers and draining thousands of dollars from the accounts. Yolanda Denise Scott, 31, of Hampton, Ga., and Germaine Monroe, 57, of Atlanta, have made initial appearances in court. A third defendant charged in the…
MUFJ Nicos loses data on credit card customers
Credit card company Mitsubishi UFJ Nicos Co. said Thursday that it has lost key information on about 197,000 customers but that the data are unlikely to be leaked to unauthorized sources or abused in electronic transactions. […] Mitsubishi UFJ Nicos said an internal investigation revealed the company may have mistakenly discarded the data, which were…
AU Storm clients outraged over doctored files
Clients of Storm Financial (Storm) have claimed they received copies of strangers’ files instead of their own when they applied to Colonial Geared Investments (CGI) for their loan documents in the months after the advice firm’s collapse. In a submission to the Parliamentary Joint Committee on Corporations and Financial Services inquiry into financial products and…