Jane Wester reports: U.S. District Judge Nelson Román of the Southern District of New York on Monday dismissed a proposed class action lawsuit against Ally Financial, finding that the plaintiff failed to establish the injury suffered by a data breach incident. Named plaintiff David De Medicis sued the bank in 2021, arguing that the security…
Category: Financial Sector
UniCredit hit with £2.3 million fine for data breach
FinExtra reports: UniCredit, Italy’s second-largest bank, has been fined €2.8 million (£2.3 million) by the country’s data protection authority over 2018 data breach case. The 2018 cyber attack on the bank’s mobile banking platform impacted the data over 750,000 customers. The sanction, announced on Thursday, is a reminder that “banks must take all necessary technical…
loanDepot notifying 17 million customers after ransomware attack in January
On February 16, BlackCat added loanDepot to their dark web leak site, but without any data as proof. At the time, they claimed that LoanDepot had shown up in the negotiation chat, and had offered $6 million for the data and a decryptor, but allegedly claimed they could offer more after the weekend. But after…
Leading Mobile Banking App Hit by IntelBroker Hackers, Sensitive Data Up for Sale
Ashish Khaitan reports: The IntelBroker hacker group has claimed responsibility for a potential cyberattack on a popular (undisclosed) mobile banking app boasting over 10 million users. The threat actor, known for their prowess in exploiting vulnerabilities, posted details of the exploit on a hacker forum on Saturday, January 27, 2024. The post by IntelBroker, titled…
Attorney General James Sues Citibank for Failing to Protect and Reimburse Victims of Electronic Fraud
Imagine having a law on your side that actually helps you in the event your bank account is hacked or your funds are stolen by scammers, but the bank never tells you that you are protected by that law, and worse, does not comply with it. According to NYS Attorney General Letitia James, that’s pretty…
Ex-IRS contractor who leaked Trump’s tax returns sentenced to 5 years
Salvador Rizzo reports: A former IRS contractor who leaked a slew of confidential tax records filed by the wealthiest Americans, including those of President Donald Trump, was sentenced Monday to the maximum of five years in prison. Charles Littlejohn pleaded guilty last year to one count of unauthorized disclosure of income tax returns. Littlejohn, 38, admitted that he…