Park Han-na reports: Korean bank customers will soon be able to make online transactions without using security cards or one-time passwords (OTP) as the government is seeking ways to make online payments easier so as to drive innovation in the sector, financial authorities said Sunday. […] The move is expected to encourage financial institutions to…
Category: Financial Sector
Iranian man pleads not guilty in bank fraud of South Mississippi customers
Robin Fitzgerald reports: An Iranian national whose cybercrime victims include three South Mississippi banks and thousands of its customers flew to New York after winning a lottery that allowed him to obtain a U.S. permanent resident visa, a federal agent’s affidavit said. Milad Rezaei Kalantari, 30, is suspected of operating websites known as carding forums,…
Interior Ministry: Hackers’ attack against Russian banks in 2015 affected Visa, MasterCard
TASS reports: An attack against the Russian banking system made by hackers last year compromised Visa and MasterCard international payment systems, representative of the Cybercrime Department of the Russian Interior Ministry Alexander Vurasko said on Thursday. “The specificity of that [hackers’] ring was that they managed to compromise the largest international payment systems, including Visa…
Ca: RBC sends wrong RRSP info, including names and SINs, to ‘approximately 500’ customers
Pete Evans reports: The biggest bank in Canada says it accidentally mailed hundreds of incorrect RRSP receipts to the wrong customers, exposing the names, addresses and social insurance numbers of those clients in the process. Royal Bank of Canada says that as a result of what it called a “printing error” a number of its…
Bank Yerushalayim: Customer Money Safe, Despite Hack
Dror Halavi reports: Hackers broke into the servers of Bank Yerushalayim over the weekend, entering a customer database, where they accessed data on thousands of customers. The bank took the database offline after the breach was discovered, it reported in a notice sent to customers on Motzoei Shabbos. The bank said that the database included…
KR: Credit card firms ordered to compensate consumers for data leak
The Korea Herald reports the latest development in a massive data leak first reported at the end of 2013: A local court on Friday ordered three credit card-related companies, hit by a massive data leak in 2014, to give 100,000 won ($83) to each victim, a ruling that could set a precedent for other similar…