Kristin L. Bryan of Squire Patton Boggs writes: CPW [Consumer Privacy World] has been tracking since last year the Capital One data breach multidistrict litigation (remember that privilege ruling?). Well, today the federal judge overseeing the litigation granted Capital One’s motion to certify to the Virginia Supreme Court a question of whether there exists under Virginia…
Category: Financial Sector
Sg: United Overseas Bank employee allegedly fell prey to scam & leaked personal information of 1,166 customers
Matthias Ang reports: An employee in UOB has disclosed the personal details of 1,166 customers, who are China nationals, as a result of an impersonation scam. According to a press release by the bank, the employee had allegedly been deceived by a China police impersonation scam, leading to the disclosure of the customers’ names, identification and mobile…
AmeriFirst Warns Customers of December Data Breach
Mogin Rubin writes: The personal loan information of certain #AmeriFirst Financial, Inc., customers have been compromised, according to the bank’s “data security incident” notification. AmeriFirst said it discovered the breach on April 12, 2021, which infiltrated the bank’s data storage from Dec. 2 to Dec. 10, 2020. Read more on The National Law Review.
NYDFS Issues Report on the SolarWinds Attack and Covered Entities’ Responses
Kate Hanniford of Alston & Bird writes: Following the SolarWinds cyber espionage attack (the “Attack”) and the resulting focus on supply chain risk, the New York Department of Financial Services (NYDFS) has issued a report detailing the impact on and responses by its regulated covered entities to the Attack. Although there have been no reported instances of…
It: BCC Roma suffers cyberattack impacting 188 branches
Banco di Credito Cooperativo (BCC Roma) is one of the largest cooperative credit banks in Italy. Now Andrea Greco reports that operations at 188 branches have been impacted by a cyberattack. BCC has posted a notice reassuring customers that although operations may be slower, the branches are operational (translation): We inform our customers that the…
First Horizon discloses data security breach
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