The Associated Press reports that police in Romania have detained 20 people suspected of cloning the web sites of banks in other countries to deplete customers’ bank accounts. Individuals in both Spain and Italy were affected. In another case, police detained a person suspected of hacking into the servers of U.S. universities and government agencies,…
Category: Financial Sector
Inquiry into how PrimeShares World Markets acquired personal info of Opes Prime clients
Mark Hawthorne of The Sydney Morning Herald reports that the Australian Securities and Investments Commission is investigating how the private account details of Opes Prime clients were acquired by New York- based PrimeShares World Markets. Read more.
Bits ‘n Pieces
In the justice system: Kimberly Taylor, a former loan officer at Advantage Loans Inc. in Fayetteville, was sentenced to federal prison Monday, more than two years after her license was revoked for falsifying documents and stealing clients’ personal information to borrow money. More. Hugh Rodley and David Nash have been convicted for their parts in…
San Diego Man Pleads Guilty to International Debit Card Fraud Scheme
Mikhail M. Tuknov, Jr. pleaded guilty in federal court to debit card fraud and conspiracy to launder money. He faces a maximum sentence of up to 30 years in prison and up to $750,000 in fines. In connection with his guilty plea, Mr. Tuknov admitted that he obtained debit card numbers and associated personal identification…
Pointer: Heartland’s Lonely Quest For Reform
Rebecca Sausner has an article in Bank Technology News, in which Avivah Litan of Gartner is quoted as saying, “Visa’s next.” But the more interesting question, of course, is what’s next? …. Visa is sticking to its guns with the PCI standards. “…While no guarantee, maintaining compliance with the PCI DSS remains the best protection…
National City Bank apologizes for misdelivered dividend tax statments
Law firm Prokauer Rose has notified the New Hampshire Attorney General’s Office that its client, Developers Diversified Realty Corporation, became aware of a “potential security breach” on or about February 2nd. According to the report (pdf), National City Bank, one of DDR’s dividend disbursing agents, mailed some 1099-DIV tax forms on January 29th. In some…