Sometimes you have to keep fighting, and sometimes, going to the media to get coverage of your complaint will help. Mark Emem reports: Bank of America repeatedly refused to reimburse a customer after hackers cracked his account and drained $70,000, according to a new report. 74-Year-Old Henry Waleczko says he became locked in a battle…
Category: Financial Sector
Hacker Arrested for Data Theft Targeting Spanish Bank Customers
Divya reports: Spanish authorities have successfully apprehended a sophisticated cybercriminal who allegedly stole sensitive data from major financial institutions, educational organizations, and private companies across the country. The arrest represents a significant victory in the ongoing battle against cybercrime targeting Spanish citizens and businesses. A collaborative effort between the Mossos d’Esquadra (Catalan police) and Spain’s…
State Legislation : Rhode Island Enacts New Financial Institutions Cybersecurity Law With Immediate Effect
From a Cooley alert: As the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) scale back rulemaking and enforcement, states are advancing more prescriptive cybersecurity standards for financial institutions, including many that align with the approach and standards set by the New York Department of Financial Services (NYDFS). On July 2, 2025, Rhode…
Michigan ‘ATM jackpotting’: Florida men allegedly forced machines to dispense $107K
Cole Waterman reports: Two Florida men allegedly spent a September day burglarizing ATMs in four Michigan counties, making off with more than $100,000. The next month, police found them in a Minnesota hotel amid stacks of cash. The duo is now facing federal charges for allegedly engaging in a lucrative, tech-savvy scam known as “ATM…
Bitcoin holds steady as hackers drain over $40 million from CoinCDX, India’s top exchange
Kri reports: Bitcoin (BTC) has remained resilient in its price action following another cryptocurrency exchange hacking incident, this time involving India’s CoinDCX. … The calm in Bitcoin’s price comes even after blockchain investigator ZachXBT revealed that CoinDCX had been drained of approximately $44.2 million in a targeted cyberattack during the early hours of Saturday. The initial activity…
HB1127 Explained: North Dakota’s New InfoSec Requirements for Financial Corporations
Joseph J. Lazzarotti & Rachel A. Jacob of JacksonLewis write: Earlier this year, North Dakota’s Governor signed HB 1127, which introduces new compliance obligations for financial corporations operating in North Dakota. This new law will take effect on August 1, 2025. The law applies to certain “financial corporations.” Under the law, financial corporation means all entities regulated by…