Brendan Pedersen reports: Morgan Stanley was slapped with a $60 million fine by regulators Thursday for risk management problems tied to a 2016 data breach. The consent order by the Comptroller of the Currency cited failures at both Morgan Stanley Bank, N.A., and Morgan Stanley Private Bank, N.A. related to the shutdown of two wealth…
Category: Financial Sector
AL: Some Pell City utility customers may have suffered data breach
Taylor Mitchell reports: Some customers who pay the city of Pell City via paper check for their utility bills may have had their data breached according to the municipality and Valley Bank. City Manager Brian Muenger said the municipality has been informed by Valley Bank that some of the city’s customers may have had their…
Hungarian banks, telecoms services briefly hit by cyber attack: Magyar Telekom
Anita Komuves and Marton Dunai report: Some Hungarian banking and telecommunication services were briefly disrupted by a powerful cyber attack on Thursday launched from computer servers in Russia, China and Vietnam, telecoms firm Magyar Telekom MTEL.BU said on Saturday. The event was a distributed-denial-of-service (DDoS) attack, a cyber attack in which hackers attempt to flood a…
Central Bank of Seychelles reports ransomware attack on Development Bank of Seychelles
From a Central Bank of Seychelles(CBS) press release of September 11, as first reported by Bleeping Computer: The Central Bank of Seychelles (CBS) has been informed of a ransomware attack on the network of the Development Bank of Seychelles (DBS). The incident was communicated to CBS on Wednesday 9 September 2020. Since then, CBS has…
CU Collections Notifies Customers of Data Security Incident
The following press release was released on Friday, September 11, after 5 pm. It appears to be the same press release CU Collections issued on July 29, with the exception that this one specifically mentions Wellspring Credit Union: CU Collections, LLC (“CU Collections” or the “Company”) announced today that it had suffered a data security…
Japan Regulator Is Set to Ask Nomura to Report on Data Leak
Takashi Nakamichi and Takako Taniguchi report: Japan’s Financial Services Agency is set to order Nomura Holdings Inc. to submit a report on how client information was leaked to a rival firm, a person with knowledge of the matter said. The regulator has asked Nippon Institutional Securities Co., the company that received the information from a Nomura employee, to provide…