Chris Keall reports: The Reserve Bank has suffered the ignominy of being the first organisation to be hit by a compliance notice under the new Privacy Act, which came into force in December last year. Privacy Commissioner John Edwards says an independent review carried out by KPMG after a December 2020 cyber attack “revealed multiple…
Category: Financial Sector
African Bank warns of data breach with personal details compromised
BusinessTech reports: African Bank has confirmed that one of its appointed professional debt recovery partners, Debt-IN, was targeted by cybercriminals in April 2021. At the time, expert security advice concluded that there was no evidence that the ransomware attack had resulted in a data breach – however, Debt-IN is now aware that the personal data…
Credit unions demand assurances from Central Bank after data leak blunder
Charlie Weston reports: A leading credit union body is seeking assurances from the Central Bank that it can protect the personal data of people who have to register with it. The call from the Irish League of Credit Unions comes after the Central Bank mistakenly gave out the names and home addresses of credit union…
Fired NY credit union employee nukes 21GB of data in revenge
Sergiu Gatlan reports: Juliana Barile, the former employee of a New York credit union, pleaded guilty to accessing the financial institution’s computer systems without authorization and destroying over 21 gigabytes of data in revenge after being fired. “In an act of revenge for being terminated, Barile surreptitiously accessed the computer system of her former employer, a New…
Hackers Steal Data from Neuchâtel Cantonal Bank
FInews reports: There was a cyber attack on the Neuchâtel Cantonal Bank (BCN) at the beginning of August, spokeswoman Marie-Laure Chapatte, told the «AWP» news agency (in German), resulting in the potential theft of around 1,500 email addresses. Neither the banking infrastructure – such as the online banking platform – nor other sensitive systems were affected by the…
Envision Credit Union ‘taking all appropriate steps’ after possible cyber attack
TaMaryn Waters reports: Envision Credit Union may have been the latest victim of an apparent ransomware attack, a malicious software that disrupts computer systems until demands are met. Initial signs of a potential attack surfaced this week on social media and indicated the LockBit 2.0 ransomware group threatened to publish stolen data on Aug. 30, according to…