Michael Riley and Alan Katz report: Investigators are examining possible computer breaches at as many as 12 banks linked to Swift’s global payments network that have irregularities similar to those in the theft of $81 million from the Bangladesh central bank, according to a person familiar with the probe. FireEye, the security firm hired by…
Category: Financial Sector
Now It’s Three: Ecuador Bank Hacked via Swift
If you’d worry more about the health of your industry and all the consumers your industry serves instead of worrying just about your reputation and fallout, we might not be dealing with as many breaches. Share information, people! Devlin Barrett and Katy Burne report: A little-noticed lawsuit details a hacking attack similar to one that…
UBS wins $1.1M from Wells Fargo in insider data theft case
William Sprouse reports the outcome of an arbitrated insider data breach case where a departing employee allegedly took client data with him to his new employer. I don’t think this case was ever covered on this site before, but Law360 had reported the lawsuit back in 2012. Sprouse reports: A FINRA arbitration panel ruled a…
Commercial Bank of Ceylon website hit by hack attack
Jason Murdock reports: The Sri Lanka-based Commercial Bank of Ceylon has released a statement admitting that a “hacking attack” on its website resulted in a successful intrusion – however, it maintained that no customer data has been compromised. The bank, which released a statement in the wake of major cyberattacks targeting the Bangladesh central bank…
NZ: Teen hacks up to $260,000
Police estimate a Gisborne teenager’s internet banking fraud could now have a tally as high as $260,000. Jake Kyle Hall, 19, yesterday pleaded guilty in Gisborne District Court to about 95 more fraud charges. He had already pleaded guilty last December to about 80 charges, with a total of his unlawful takings estimated at that time…
Southern Michigan Bank & Trust notifies customers of stolen laptop
Elena Hines reports: A Southern Michigan Bank & Trust employee’s vehicle was burglarized and a laptop stolen on April 10. The bank says there is no indication of a data breach, but staff are doing what they can to protect customers. “Once we became aware, we immediately took several steps to protect our clients,” said…