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…
Category: Financial Sector
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…
Ex-UBS Worker Guilty of Money Laundering in Data Theft Case, Sentenced to More Than Three Years
Mara Bernath and Hugo Miller report: A former UBS Group AG employee, who fled the country rather than face trial, was found guilty of money laundering by a Swiss court over allegations of the theft and sale of client data to German tax authorities. Rene S., as Bloomberg has identified him, was sentenced by a…
Bank Worker Forced by Darknet Criminals to Make Fraudulent Transfers
Bruno writes: A bank employee in Scotland stole £75,000 from bank customers after involving himself with a crime gang from a dark web forum. Dayne Lynn, a 22-year-old from North Ayrshire, became interested in the dark web after watching a Netflix documentary, presumably Dark Net. He decided to see with his own eyes if what…