Paul Davis reports: First Horizon in Memphis, Tenn., disclosed that a number of online customer bank accounts were targeted by a data security breach. The $87.5 billion-asset company said in a regulatory filing Wednesday that it first learned of the breach this month. Read more on Amercan Banker
Category: Financial Sector
Jp: Notice about the occurrence of an online trading system failure due to unauthorized access
Nissan Securities has issued a statement disclosing that it experienced unauthorized access on April 25, 2021. The statement reads as follows (translation); Since April 25, 2021, the online trading system (trading options / futures on stock indexes, click 365, click shares 365) has been damaged due to unauthorized access by a third party. Due to…
Ca: Court approves data breach settlements with BMO, CIBC
James Langton reports: An Ontario court has approved proposed class action settlements with Bank of Montreal (BMO) and CIBC over cybersecurity breaches involving thousands of clients. The Superior Court of Justice endorsed settlements and distribution plans designed to resolve lawsuits against the banks stemming from a data theft that affected more than 10,000 clients of…
AU: National Australia Bank repays customers $687k for 2019 data breach
James Frost reports: National Australia Bank has revealed it paid $686,878 in compensation to customers exposed in a 2019 data breach after the personal account details of more than 10,000 customers were uploaded to a website similar to Google Sheets. The bank said it provided thousands of customers with a one-off payment while a smaller…
Bank Groups Object to Proposed Breach Notification Regulation
Doug Olenick reports: The American Bankers Association and three other groups have voiced objections to provisions in a cyber incident notification regulation for banks proposed by three federal agencies. For example, they say that the definition of a reportable “computer security incident” is too broad and would result in the reporting of insignificant events. The…
Br: Leak exposes 1.7 TB of customer data from Brazilian fintech iugu
Felipe Demartini reports (translation): A serious security breach exposed the information of, it is believed, all customers of the iugu services company, which operates in Brazil through financial management and automation systems. Users’ personal, banking and transaction data was available on an unprotected server for at least an hour. The discovery is by security expert…