An Estonian man was sentenced today to 66 months in prison for his years-long role in furthering and facilitating computer intrusions, the movement of fraudulently obtained goods and funds, and the monetization of stolen financial account information. He also participated in ransomware attacks causing over $53 million in losses and was ordered to pay over…
Category: Financial Sector
Morgan Stanley client accounts breached in social engineering attacks
Sergiu Gatlan reports: Morgan Stanley Wealth Management, the wealth and asset management division of Morgan Stanley, says some of its customers had their accounts compromised in social engineering attacks. The account breaches were the result of vishing (aka voice phishing), a social engineering attack where scammers impersonate a trusted entity (in this case Morgan Stanley) during a…
Data leak at Desjardins: Industry watchdog wants to ban mortgage broker
Hugo Joncas reports (machine translation follows): Mathieu Joncas, who is also a private lender, bought confidential information on “150,000 to 200,000” Desjardins customers without ensuring their consent. During the hearings, he admitted having given this information to a fellow broker in January 2017. In September 2021, the disciplinary committee of the Organisme d’autoréglementation du courtage…
Morgan Stanley Data Security Settlement emails being sent
UPDATE: DO NOT CALL DATABREACHES.NET IF YOU RECEIVED ERRONEOUS MAIL FROM MORGAN STANLEY. THIS SITE IS MERELY REPORTING ON THE NEWS. CONTACT MORGAN STANLEY’S SETTLEMENT SITE FOR ALL INQUIRIES OR PROBLEMS: https://www.morganstanleydatasecuritysettlement.com/ In January, Morgan Stanley agreed to settle a lawsuit stemming from its failure to properly dispose of hardware containing personally identifiable information during…
PayTM clarifies RBI bar on new customers
Economic Times reports: The RBI barred Paytm Payments Bank from taking on new customers on March 11 because it had allowed data to flow to servers abroad in violation of India’s rules, and didn’t properly verify its customers, Bloomberg reported on Monday, citing a person familiar with the matter. Annual inspections by the Reserve Bank…
HI: Police: Suspect accused of hacking bank’s system could have hit other institutions
Hawaii News Now reports: Police are urging Hawaii banks, businesses and government institutions to see if a hacking suspect was spotted on their surveillance video. Kobina Nyarku, 30, has been charged with two felonies for allegedly hacking into Central Pacific Bank’s computer system. Police said he pretended to apply for a job at the bank…