Joe Davidson reports: In yet another example of fragile security in federal cyber systems, data for 44,000 Federal Deposit Insurance Corp. customers was breached by an employee leaving the agency. The breach occurred in February and was outlined in an internal FDIC memorandum obtained by The Washington Post. The March 18 memo from Lawrence Gross Jr.,…
Category: Financial Sector
Sweden Military Servers Hacked, Used in 2013 Attack on US Banks
Sometimes it takes years before we find out more details about a particular attack. On Friday, AFP reported that the source of months-long DDoS attacks on U.S. banks in 2012-2013 were compromised Swedish military computers that were used to launch the attacks. An Iranian hacktivist group had claimed responsibility for the attacks. Speaking to AFP, military…
NY: Ringleader In Orange County Bank Fraud And Identity-Theft Scheme
There’s an update to a case noted previously on this site. Attorney General Eric T. Schneiderman today announced the sentencing of ringleader Tyrone “Reece” Lee, 29, for running an identity-theft ring that stole over $457,000 from customers of Wachovia Bank (now Wells Fargo) in Newburgh, N.Y. In February, following a trial in Orange County Court,…
Update to #InvestBank hack?
I had reported on a hack and extortion demand involving InvestBank back in November and December of 2015. The bank hadn’t paid the extortion demand by “Hacker Buba” and massive amounts of data had been dumped. This week, there was an update to the incident. I’m not sure what to make of it, but a…
Seven Iranians Working for Islamic Revolutionary Guard Corps-Affiliated Entities Charged for Conducting Coordinated Campaign of Cyber Attacks Against U.S. Financial Sector
A grand jury in the Southern District of New York indicted seven Iranian individuals who were employed by two Iran-based computer companies, ITSecTeam (ITSEC) and Mersad Company (MERSAD), that performed work on behalf of the Iranian Government, including the Islamic Revolutionary Guard Corps, on computer hacking charges related to their involvement in an extensive campaign…
Jury Awards Calif. Mortgage Co. $25M For Rival’s Data Theft
There’s a follow-up to an insider theft case previously noted on this site. Y. Peter Kang reports: A California state jury on Tuesday awarded $25.1 million in damages to Mount Olympus Mortgage Co., finding rival mortgage lender Guaranteed Rate Inc. liable for illegally transferring hundreds of private consumer loan files from MOMCo’s computer systems, according…