Chris Dolmetsch reports the latest on Galen Marsh’s case: A fired Morgan Stanley financial adviser who downloaded client information to a home server to give his job search a boost was sentenced to three years’ probation for accessing the bank’s computer network without permission. Galen Marsh, who prosecutors say called the stolen data “the world’s best…
Category: Financial Sector
The Weakest Link in Banks’ Fight Against Hackers
Robin Sidel reports: Terrified by a string of recent hacks, banks are spending billions of dollars trying to fend off a faceless army of digital intruders. But the biggest threats may come from within. Banks fear a growing number of employees are unwittingly exposing valuable information to hackers or in some cases leaving digital clues that…
UAE: Extortion demand refused by InvestBank, hacker goes on data dump rampage
Mazhar Farooqui reports an update to a hack and data dump involving InvestBank customers: The cyber criminal who hacked into a Sharjah bank last month has gone on the rampage. After the bank refused to give into his blackmail and pay $3 million in ransom money, the criminal Hacker Buba has posted the confidential details…
Former Employee Of Global Financial Services Company Charged With Unauthorized Access Of Supervisor’s Email Account On Approximately 100 Occasions
Another CFAA case. Although the victim company is not named, the defendant’s LinkedIn profile indicates that he was employed at Western Asset Management from March 2007 – March 2011. How he was able to access his former supervisor’s email account years after he left their employ is not addressed in the press release, but raises questions as to whether…
Oh what a tangled web they wove…
Peter Strozniak asks a question many should be asking: how did this go on for so long without being detected? One of New Jersey’s smallest credit unions was directly connected to a sprawling criminal enterprise that led to the largest customer data theft case in history, which involved the nation’s biggest bank, according to court…
Spy Banker Trojan Being Hosted On Google Cloud
Sara Peters reports: The Spy Banker Trojan is spreading through Brazil through the help of Google and Facebook, according to researchers at ZScaler ThreatLabZ. Attackers host the Spy Banker downloader on Google Cloud servers. The downloader, in turn, installs the payload Spy Banker Trojan Telax. Victims are infected by drive-by download or led to it via…