Caroline Hudson reports: A Florida man has filed a class-action lawsuit regarding data breaches at Wyndham Capital Mortgage. Ethan Darnell filed the complaint on Dec. 10 in North Carolina’s Western District Court. In October, Charlotte-based Wyndham alerted clients and state attorneys general about an email data breach the month prior. A Wyndham employee sent an email…
Category: Financial Sector
RU: Freedom Finance admits data leak of 16,000 clients
InterFax reports: The broker Freedom Finance has admitted the leak of data on 16,000 clients, saying the data dated 2018, Timur Turlov, founder and general director of the broker, said on his Instagram account. It was earlier reported that the broker client’s data had appeared on several shadow forums. Read more on InterFax.
UK: Pensions firm NOW tells some customers a ‘service partner’ leaked their data all over ‘public software forum’
Matthew Hughes reports: Workplace pension provider NOW: Pensions has emailed a number of UK customers to warn about a data leakage caused by contractor error. The email, seen by this publication, claims a service provider “unintentionally” posted user data to an unnamed “public software forum”. These records include biographical data (names, email addresses, and dates…
FCA fines Charles Schwab UK £8.96 million over safeguarding and compliance failures
The Financial Conduct Authority (FCA) has fined Charles Schwab UK Ltd (CSUK) £8.96 million for failing to adequately protect client assets, carrying out a regulated activity without permission and making a false statement to the FCA. Customers affected by the breaches were all retail customers, who require the greatest level of protection. Mark Steward, Executive…
Federal financial regulators propose computer-security incident notification for banks
Sindhu Ajay reports: The US Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation Friday proposed a new computer-security incident notification requirement for banking organizations and their bank service providers. The proposed rule would require a banking organization to provide its primary federal regulator a prompt notification of…
NEXA Mortgage sued over broker’s alleged data theft
James Kleimann reports: In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. Smart Mortgage, which operates in Illinois, Indiana, Colorado and Florida, filed suit against former senior loan…