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…
Category: Financial Sector
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
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…