LawFuel reports: Geoffrey S. Berman, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced that STANISLAV VITALIYEVICH LISOV, a/k/a “Black,” a/k/a “Blackf” (“LISOV”), pled guilty today to conspiring to deploy and use a…
Category: Financial Sector
Chinese bank’s software chief jailed after finding way to withdraw US$1m in ‘free’ cash from ATMs
Stephen Chen reports: Qin Qisheng, 43, a former manager in Huaxia Bank’s technology development centre in Beijing, spotted a loophole in the bank’s core operating system that meant cash withdrawals made around midnight were not recorded. The bank accepted his explanation that he had simply been trying to test its internal security and the cash…
Fallout Over Hack by N. Koreans Hits Philippines Bank
Christine Stuart reports: Bangladesh’s central bank brought a federal complaint against one of the largest banks in the Philippines on Thursday to recover $80 million that it says was stolen from North Korean hackers. At the time it was stolen from Bangladesh Bank, says lawyer John Sullivan of Yehudah Gordon, the money was being held…
In: SBI denies data leak charges, but customers be on alert
Saikat Das reports: State Bank of India, the country’s biggest lender, said that the data of its customers are safe and that it is continuing to probe the systems for a potential breach of security after a Techcrunch report on data compromise at the bank. “Basis our initial probe, we hereby confirm that SBI’s data…
Aetna settles with California in HIV-related privacy breach
AP reports: Aetna will pay $935,000 after one of its vendors sent letters to California patients that revealed via a window on the envelopes that the recipients were taking HIV-related medications, officials said Wednesday. The settlement resolves allegations that Aetna violated state health privacy laws, California Attorney General Xavier Becerra said. Nearly 2,000 Californians —…
Palisades Park officials say nearly $500,000 is missing from its accounts in bank breach
Kristie Cattafi reports: Officials in Palisades Park were notified last week that nearly half a million dollars had been drained from its accounts at Mariner’s Bank, the borough’s mayor and business administrator said Wednesday. Mariner’s Bank, which is based in Edgewater and has seven locations in Bergen County, told the officials that $460,000 was missing…