Virgil Larson of World-Herald News Service reports on the tentative approval of a settlement in the class action lawsuit against TD Ameritrade resulting from a hack in 2006 and 2007 that affected customer contact information on 6.3 million clients. The settlement will not result in any money for class members but the lawyers get almost…
Category: Financial Sector
Bits ‘n Pieces
In the justice system: Yomi Jagunna, one of 8 people arrested last year as part of a New Jersey ring, pleaded guilty for his part in setting up a phony collection agency to obtain access to commercial databases where they obtained Social Security numbers and info. Jagunna pleaded guilty to selling 39 SSN, but prosecutors…
Branch Banking & Trust employee arrested for selling client information
On January 14, law enforcement officials investigating another matter discovered client information from Branch Banking & Trust Co. (BB&T) in the possession of unauthorized individuals. Once alerted to the breach, BB&T conducted an internal investigation and discovered that a former employee who had legitimate access to client accounts had abused the access and had sold…
Pointer: Heartland CEO Vows To Fight MasterCard Breach Fines Of $6 Million-Plus
Fred J. Aun of StorefrontBacktalk writes: Heartland Payment Systems has apparently decided that being a data breach victim doesn’t mean that it has to be victimized by the card brands. At least that’s the impression from how Heartland CEO Robert Carr is reacting to more than $6 million in fines imposed on it by MasterCard,…
Bits ‘n Pieces
In the justice system: Susan Shaw has been charged with multiple counts of theft and identity theft. Investigators say she gained access to a financial database and that there are at least 11 victims. More. Mark Pinella, owner of Dino’s Pizza in Fayetteville, has been charged with multiple counts of ID theft for skimming his…
Bank of Bermuda web site hacked?
Sirkka Huish of BDA Sun reports that the of Bank of Bermuda was hacked. The article suggests that the hack involved the online banking site, but the bank has provided no details or confirmation that the hackers gained access via the web site, and did not respond to a request for clarification from this site.