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 —…
Category: Financial Sector
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…
BlackRock exposes info on thousands of advisers via website
Bloomberg reports: BlackRock Inc., the world’s largest asset manager, inadvertently posted confidential information about thousands of financial adviser clients on its website. The data appeared in three spreadsheets, linked on one of the New York-based company’s web pages dedicated to its iShares exchange-traded funds. The documents included names and email addresses of financial advisers who buy…
Ex-UBS Employee Charged With Data Theft on Trial in Switzerland
Hugo Miller reports: An ex-employee of UBS Group AG charged with stealing data on the bank’s clients and selling it to German tax authorities stands trial in Switzerland on Monday, in a case that rakes up the thorny issue of whether such leaks are the work of a whistleblower or a thief. The man, whom…