John Miller and Farah Master report: Customers of a Chinese-owned Liechtenstein bank are being told by unknown blackmailers they must pay a portion of their savings or face having account details sent to finance authorities and the media, a German newspaper reported on Sunday. Those targeted have accounts at Valartis Bank Liechtenstein, located in the…
Category: Financial Sector
Report holds Hitachi responsible for debit card data theft
It looks like I missed a breach report in October involving Hitachi Payment Systems, who initially denied any breach of their system. But now Nupur Anand reports that an interim forensics report has found that there was, in fact, a compromise involving malware: …. The breach is said to have occurred because there was malware…
FINRA Fines Lincoln Financial Subsidiary $650,000 For Cybersecurity Shortcomings
Glen A. Kopp and Laura Preback Hang of Bracewell LLP write: A Lincoln Financial Group subsidiary agreed to pay $650,000 to the Financial Industry Regulatory Authority (FINRA) to resolve allegations that it failed to implement sufficient security policies to protect confidential customer information after its web-based customer account database was hacked in 2012. The 2012…
Russian hackers target cash before politics
Thibault Marchand reports: Just as the scandal over alleged Russian hacking of the US Democratic Party erupted in June, police in Russia were rounding up a group known as Lurk. In the underground world of Russian hackers, a shadowland of anonymous internet forums where users exchange the latest malware, Lurk was legendary. The group, active…
Update: Tesco Bank refunds £2.5 million to customers after weekend’s security breach
Anthony Spadafora reports: Tesco Bank has released more details regarding the cyber attack that took control of its online accounts and led the bank to freeze all of its users online transactions. Over the weekend the bank was hit by an attack that it initially thought affected 20,000 customers. However, Tesco Bank has now revealed that…
Hacker Claims to Take Down Russian Bank Websites on Election Day
Joseph Cox reports: Just as Americans are lining up to vote, one DDoS-for-hire service has already claimed responsibility for several brief attacks against Russian targets, apparently in response to the country’s alleged interference throughout the US election. On Tuesday, a hacker calling himself vimproducts showed Motherboard a selection of Russian banking and other financial websites, before claiming…