The Office of the United States Attorney for the District of Vermont stated that Derrell Lee, 25, of Atlanta, Georgia, was sentenced today for his role in a scheme to defraud TD Bank through the cashing or attempted cashing of fraudulent checks in Vermont using the stolen personal information and bank account information of other…
Category: Financial Sector
Turkey’s Akbank faces $4 million hit from attempted SWIFT cyber heist
Reuters reports: Hackers targeted Turkey’s Akbank via the SWIFT global money transfer system in an attack which the bank said had not compromised customer data but would cost it up to $4 million. Banks globally face a growing threat from cyber attacks, more of which have succeeded since February’s $81 million heist from the Bangladesh…
National Australia Bank email gaffe sends 60,000 overseas customers’ banking details to wrong email
ABC reports: National Australia Bank (NAB) has accidentally sent the account details belonging to 60,000 overseas customers to an incorrect email address. NAB wrote to all the account holders involved, telling them the emails included information such as their name, address, email, BSB and account numbers, but it did not include any passwords. Read more…
Accused mastermind of $100M JPMorgan Chase customer data hack surrenders to feds at JFK
Stepan Kravchenko, Erik Larson, and Bob Van Voris report: An American fugitive who is accused of conspiring to organize the largest known cyber attack on Wall Street arrived back home in the U.S. from Russia, resolving months of negotiations at a moment of high tension over hacking between Moscow and Washington. Joshua Aaron pleaded not guilty…
EBA’s Proposed Guidelines Call for 2-Hour Notice of Data Breach
From PayBefore: The European Banking Authority (EBA) working with the European Central Bank (ECB) recently released a consultation paper on guidelines for payment service providers (PSPs) to follow in the event of security breaches. Among the suggested mandates is notifying authorities of an incident within two hours from the moment the breach is detected—that’s significantly faster than…
HK: Dozens of bank staff arrested over bribery-linked data leak
Esther Yu reports: Nearly 30 people have been arrested over allegations of bribery in order to obtain confidential customer information for loan business sales purposes, the Independent Commission Against Corruption said. Among the 29 people held after the graftbusters launched operation “Mirabilis” were three managers and 18 serving and former direct sales representatives of a…