ITV News reports: Tesco Bank has blocked some customers’ cards after fraudsters seemingly targeted the banks customers. Thousands of accounts were reportedly affected, with many people taking to social media to alert the bank to suspicious activity. One man tweeted his available balance had dropped by £700 without him making a transaction while another said…
Category: Financial Sector
Man Charged In Scheme To Steal More Than $1.5 Million From A U.S. Financial Institution
On October 27, a complaint was unsealed charging Dwayne C. Hans, a United States citizen, with wire fraud, computer fraud, and money laundering. According to the complaint, between April 2016 and July 2016, the defendant masterminded a series of frauds against a U.S. financial institution in which he masqueraded as an authorized representative of that…
UBS can challenge client data handover to France
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…
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…