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…
Category: Financial Sector
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….
Credit Card Issuer TCM Bank Leaked Applicant Data for 16 Months
Brian Krebs reports: TCM Bank, a company that helps more than 750 small and community U.S. banks issue credit cards to their account holders, said a Web site misconfiguration exposed the names, addresses, dates of birth and Social Security numbers of thousands of people who applied for cards between early March 2017 and mid-July 2018….
Data leaks at 2 Thai banks spark call for legal safeguards
Cyber-security experts have urged the government to quickly strengthen legal safeguards by adding measures to prevent data leaks after the computer systems of two major Thai banks were hacked recently. According to the Bank of Thailand (BOT) on Wednesday, the computer systems of Kasikornbank (Kbank) and Krungthai Bank (KTB) were compromised in the attacks, affecting…