A court has given UBS the legal right to challenge the handover of sensitive client data by the Swiss tax authorities to France. The bank is under investigation by French prosecutors for alleged tax evasion offences. The Federal Administrative Court on Wednesday granted UBS “party status” to the proposed data transfer after Switzerland green lighted…
Category: Financial Sector
Cybercriminals are using social media to trick customers into handing over their online banking credentials. Danny Palmer
Danny Palmer reports: A phishing campaign is targeting customers of every major UK bank, with cybercriminals posing as customer support staff on Twitter in an attempt to steal users’ online banking credentials. […] In this instance, cybercriminals monitor Twitter for users approaching genuine support accounts for banks, and attempt to hijack the conversation with a…
MT: Credit union tells customers about possible security breach
AP reports thatRocky Mountain Credit Union in Montana has notified 135 of its members that some of their personal information could have been publicly accessible through its website between April 15 and June 30. President and CEO Ed Stofko says the information technology staff found a security issue with the website customers used to upload documents while applying…
California Attorney General Investigating Wells Fargo For Identity Theft
Caleb Pershan reports: California Attorney General Kamala Harris is leading an investigation into whether criminal identity theft took place at Wells Fargo, a bank embroiled in a scandal that may involve up to two million bank and credit card accounts allegedly created without customers’ approval as part of an unscrupulous, sales-driven corporate culture. The LA…
Bank informs RBI of security breach: Axis suffers cyber attack, hires EY to probe damage
Sugata Ghosh and Sachin Dave report: A month ago, an official of Axis Bank– India’s third largest private sector lender — received an unexpected telephone call. The caller, an engineer at Kaspersky Lab, the well-known Moscow-headquartered cyber security firm, rattled off the names of several Axis computers which, he claimed, have been breached. The Kaspersky…
Security breach: State Bank of India blocks over 600,000 debit cards after malware breach at non-SBI ATMs
ToI reports: Pune: In one of the biggest card replacements in Indian banking, State Bank of India has said that it will re-issue around six lakh debit cards to customers, which have been blocked following a malware-related security breach in a non-SBI ATM network. “It’s a security breach, but not in our banks’ systems. Many other banks also have this…