Dan Oakes reports: The Commonwealth Bank is urgently investigating a potential data breach that may have given its staff access to customers’ sensitive medical information. The issue was discovered around late July as the bank made preparations for the $3.8 billion sale of its insurance arm, CommInsure, to the AIA group. Medical information supplied by…
Category: Financial Sector
NZ: Bank staff exposed for using private information to stalk
Rob Stock reports: “Employee browsing” is a term for when bank staff access customers’ private information for their own uses. And Privacy Commissioner John Edwards says banks aren’t doing enough to prevent it. Following the publication on Monday of a review of bank conduct by the Financial Markets Authority and Reserve Bank of New Zealand, Edwards said banks must…
Card data of 20,000 Pakistani bank users sold on dark web: report
Dunya News reports: Echoes pertaining to the sale of Pakistani bank users’ credit and debit cards in black market continues to resonate. An international report suggests that the card data of at least 20,000 Pakistani bank users have been sold at the dark web. It includes 22 Pakistani banks and 19,864 cards. In the first…
HSBC Bank notifies customers after hacking incident (updated)
On November 2, HSBC sent letters to an undisclosed number of customers concerning a breach of their accounts. A template of the letter was submitted to the California Attorney General’s Office. It states, in part: HSBC became aware of online accounts being accessed by unauthorized users between October 4, 2018 and October 14, 2018. When…
Bank Islami Comes Under Biggest Cyber Attack of Pakistan’s History
Muhamed Bilal reports: Bank Islami Pakistan has come under the biggest cyber attack in the history of Pakistan. The incident came under the limelight when numerous customer of the bank complaint of an unusual activity – that their payments cards are being used in the different international countries. It is alleged that a group of…
Baer ‘Whistleblower’ Cleared by Top Court in Data-Theft Case
Hugo Miller reports: A former Julius Baer banker who leaked documents from a Cayman Islands subsidiary was cleared of breaking Swiss banking secrecy by Switzerland’s top court, creating possible problems for how the Alpine nation’s banks manage their foreign units. The Supreme Court voted 3-2 to reject the arguments of Zurich prosecutors who had appealed…