Chaitraly Deshmukh reports: The Cybercrime cell of the Pune city police have arrested seven people in connection with the major hacking of Cosmos Bank servers. The hackers had managed to withdraw Rs 94.42 crores last month by hacking into the servers of the Pune branch of Cosmos Bank. The hackers transferred Rs 94.42 crore to…
Category: Financial Sector
AU: Westpac employee gave customer passwords to mortgage broker in serious data breach
Paul Farrell reports: A Westpac manager handed over the banking passwords of 80 customer accounts to a mortgage broker, giving them direct access to personal bank accounts in a serious breach of customer privacy. It is one of a catalogue of 32 breaches Australia’s four largest banks disclosed to the Office of the Australian Information…
Manhattan U.S. Attorney Announces Extradition Of Alleged Russian Hacker Responsible For Massive Network Intrusions At JP Morgan Chase, Other U.S. Financial Institutions, Brokerage Firms, A Major News Publication, And Other Companies
Press release of September 7: Geoffrey S. Berman, the United States Attorney for the Southern District of New York, William F. Sweeney, Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), and David E. Beach, Special Agent in Charge of the U.S. Secret Service New York Field…
NY Cyber Law Hits 3rd Deadline: Toughest Yet to Come
Craig A. Newman of Patterson Belknap writes: By today, financial institutions are required to meet their next deadline for compliance with New York’s cybersecurity law. The regulation – enacted in March 2017 –includes a series of rolling deadlines that require banks and insurance companies covered by the law to meet varying data security requirements. Today’s…
Hackers hit American Eagle Credit Union
Greg Edwards reports: American Eagle Credit Union said Monday its ATM system and member accounts had been hacked. The credit union said members would not be liable for any related losses. Read more on KSDK.
Former JP Morgan Chase Bank Employee Sentenced to Four Years in Prison for Selling Customer Account Information
August 10 – Earlier today, in federal court in Brooklyn, Peter Persaud, a former personal banker at JP Morgan Chase Bank, was sentenced by United States District Judge Eric N. Vitaliano to 48 months’ imprisonment for aggravated identity theft in connection with access device fraud. Persaud pleaded guilty to these charges on March 7, 2017….