Gareth Corfield reports: A former Santander bank manager has pleaded guilty to £15,000 worth of computer misuse crimes after her boyfriend talked her into giving him illicitly obtained customer information. This morning at the City of London Magistrates’ Court in England, Abiola Ajibade, 24, of Martock Court, Consort Road, Southwark, pleaded guilty to “causing a…
Category: Financial Sector
China’s cyber watchdog scolds Ant Financial over user privacy breach
Reuters reports: Jan. 10 – China’s cyber watchdog has scolded Ant Financial, Alibaba’s payment affiliate, for compromising user privacy after many users of its Alipay service were automatically enrolled in its credit scoring system. The Cyberspace Administration of China (CAC) said in a statement it had summoned Ant Financial representatives to a meeting last Saturday…
Federal Appeals Court Slams Data Breach Privilege Claim
Craig A. Newman writes: In the most recent object lesson in a data breach privilege case, a federal appeals court has ordered a Michigan-based mortgage lender to turn over privileged forensic investigatory documents after the investigator’s conclusions were revealed in discovery. Background. In the case, Leibovic v. United Shore Financial Services, LLC, et al, No. 17-2290,…
UK banks will be forced to publish security breach info and complaints
Katherine Lofthouse reports: UK banks will now have to publish complaints and security breach data as part of efforts to shake up Britain’s heavily consolidated industry. This means that it is vital for banks to be transparent in order to increase customer trust says Fujitsu UK & Ireland, responding to the news. Sarah Armstrong-Smith, head of continuity…
‘Cyber heist’: 600 bank accounts hacked for Rs 10million
It’s hard to tell, but it sounds like skimmers were involved in this one? Dunya News reports: Cyber hackers have stolen at least Rs 10million in a development that was reported Monday from some 600 bank accounts of multiple banks. One of the victims of the hack, Habib Bank has informed State Bank of Pakistan…
Poor incident response? Bad PR, Monday edition
If you can’t prevent a breach, can’t you at least fake genuine concern? You know, the “At <blahblahblah>, we take your privacy and security very seriously” bit? Mark Flamme reports on a Key Bank breach where the bank’s response to notification of a problem is at least as problematic as the breach itself. After a…