Catalin Cimpanu reports: Two members of the Carbanak (Cobalt) cybercrime group were sentenced today in a Kazakhstan court to eight years in prison for stealing from Kazakhstan banks. The sentencing was announced today by the Almaty city prosecutor’s office. The two hackers, whose names were not released, were found guilty of hacking into the IT systems of several Kazakh…
Category: Financial Sector
Klarna battles data breach with reports of leaked user info
Isabel Woodford reports: Consumers have raised the alarm about a data breach — including users’ names — at Klarna, Europe’s largest private fintech. The company, which is reportedly in the throes of closing a deal valuing it at $40bn, came under fire on Thursday after users complained they were being accidentally logged in as other people, given…
Bizarro banking malware targets 70 banks in Europe and South America
Ionut Ilascu reports: A banking trojan named Bizarro that originates from Brazil has crossed the borders and started to target customers of 70 banks in Europe and South America. Once landed on a Windows system, the malware can force users into entering banking credentials and uses social engineering to steal two-factor authentication codes. Read more…
In Capital One Data Breach Litigation Federal Judge Grants Capital One’s Motion To Certify Question to Virginia Supreme Court
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…
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.