Reuters reports that 18 people have been indicted in New York City for operating a bank fraud and identity theft scheme that resulted in the cashing of more than 1,000 counterfeit checks at several large banks. The defendants are accused of obtaining bank customers’ personal data with the help of insiders who they recruited for…
Category: Financial Sector
Bits ‘n Pieces
In the justice system: A routine traffic stop for seat belt and speeding violations landed Robert Loveland in the Orange County Jail on multiple charges including possession of Social Security cards, credit cards and gift cards with assorted names. More. Narvaez Family Provider Services seemed like it was legitimately providing home care services for aging…
Rash of debit fraud due to Heartland Payment Systems breach
When Heartland Payment Systems announced a major breach on January 20, some banks and credit unions decided to replace cards proactively. Others decided to just monitor the cards flagged. Now, one week after the deadline for submitting claims to Visa, some banks may be regretting their decision not to replace cards. For example, consider this…
UK: Bank worker was arrested for attempted theft
Ecommerce Journal reports that Ansir Khan, an employee of Carter Allen Private Bank, wrote down stolen customer details “in a complex code to avoid detection.” He gave the details to accomplices who then rang up the bank pretending to be the customers, transferring money to their own accounts. A Detective Constable used the Scoutmaster’s A…
Another processor breached!? (nope – see update 1)
WBZ is reporting that hundreds of bank customers are starting their holiday weekend off without their debit cards after a breach at the bank’s card processor, Metavante, forced the Winthrop Federal Credit Union to deactivate some customers’ MasterCards. At least one case of fraud has already been tentatively linked to the breach. No one was…
Bits ‘n Pieces
In the justice system: Four San Fernando Valley men were charged with ID theft and other charges in an alleged electronic crime scheme in which more than two dozen victims — including two banks — lost more than $400,000 via phony ATM withdrawals. More. As a follow-up to a breach reported in November, Luis Corona…