There’s a news story on CBS13 out of Sacramento that suggests that at least some banks are still not adequately disposing of paper with personal information. The news team reports that Jonah Nelson has allegedly admitted to stealing the identities of more than 500 people by dumpster diving local banks and businesses. According to the…
Category: Financial Sector
Bits ‘n Pieces
In the justice system: Marsha Billock-Strahm pled not guilty when she appeared in Toledo’s U.S. District Court June 22 to face charges of aggravated identity theft, false credit card applications, identity theft, and theft of mail while she was a rural mail carrier for the U.S. Postal Service. More. Yi Feng Reid and Yu Jane…
CFTC Fines Interbank for Security Breach
The U.S. Commodity Futures Trading Commission today simultaneously filed and settled charges against Interbank FX, LLC (Interbank), ordering Interbank to pay a $200,000 civil monetary penalty for violating rules designed to protect the confidential personal information of consumers. The CFTC order also requires Interbank to establish a comprehensive security program that provides administrative, technical, and…
Broadridge Financial Breach Exposes Dynegy Shareholder Info
Broadridge Financial Solutions,Inc. provides proxy services for clients, including the processing, distribution and tabulation of Annual Meeting Proxy materials for registered shareholders of publically traded companies. On June 2, 2009, the firm inadvertently disclosed Dynegy shareholder information including name, address, Social Security number and other account information to another client. Broadridge notified the shareowners by…
CardersMarket.com Boss Pleads Guilty
Max Ray Vision pleaded guilty to wire fraud today in a Pittsburgh federal court for stealing credit card and identity information from tens of thousands of people by hacking into the computers of financial institutions and credit card processing centers. Vision, who legally changed his name from Butler, used online aliases of “Iceman,” “Aphex,” “Digits”…
Coffman on the Heartland Lawsuits
Tom Field of BankInfoSecurity.com has an interesting interview with Richard Coffman, the Texas attorney who filed the first class action lawsuit against Heartland Payment Systems (HPY). Coffman represents banks and financial institutions suing HPY. One of the more intriguing aspects of the interview has to do with why Coffman thinks that banks and financial institutions…