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Category: Financial Sector

An Odyssey of Fraud

Posted on June 17, 2009 by Dissent

Brian Krebs has a good article on Security Fix today: Andy Kordopatis is the proprietor of Odyssey Bar, a modest watering hole in Pocatello, Idaho, a few blocks away from Idaho State University. Most of his customers pay for their drinks with cash, but about three times a day he receives a phone call from…

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Bits n’ Pieces

Posted on June 17, 2009 by Dissent

In the justice system: Richard J. Berger has been sentenced to for 13 months and ordered to repay about $130,000 after admitting that he illegally accessed insurance company computers at The Hartford and Sunlife Financial in a scheme to steal annuity clients. More. Julia Caldwell and Jacqueline Colbert, both Taco Bell of Laurel employees, have…

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AL: Major Credit Card Security Breach, Thousands Affected

Posted on June 12, 2009 by Dissent

A major credit card security breach is affecting thousands of people tonight. We have confirmed several credit card companies are canceling accounts and issuing new credit and check cards. […] NBC 15 News contacted Visa to try to find out where the security breach happened.. A Visa representative told us: For security, the bank does…

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Heartland, RBS WorldPay lawsuits consolidated

Posted on June 11, 2009 by Dissent

Dan Kaplan of SC Magazine reports that in separate judgments, the U.S. Judicial Panel on Multidistrict Litigation decided this week that lawsuits against Heartland will be heard in Texas, while action against RBS WorldPay will be moved to Georgia: “These actions share factual allegations concerning an electronic intrusion into Heartland’s processing system,” said the transfer…

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Bits ‘n Pieces

Posted on June 11, 2009 by Dissent

In the justice system: Federal prosecutors in Virginia have leveled conspiracy and bank-fraud charges against the alleged leader and nine members of a national organization of high-tech pickpockets called “Cannon to the Wiz” that’s been the scourge of police around the country since at least early 2007. Personal info on over 120 victims was found…

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Pointer: Commentaries on Merrick Bank v. Savvis

Posted on June 8, 2009 by Dissent

Last week, people started talking about a lawsuit first filed last year by Merrick Bank against Savvis Inc. The basis for the suit is that when Savvis audited CardSystems Solutions for compliance with the CISP security standards of the time, they gave them a clean bill of health. Merrick sued them after the breach, and…

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