Lee Sun-young reports: Korea Credit Information Services, a pan-industry body tasked with data preservation and protection, was launched in Seoul on Tuesday amid mounting calls for data security after a series of large-scale information leaks. The new entity will act as a centralized data center for personal credit information, taking over data collected and preserved…
Category: Financial Sector
Security Breach At Quincy Credit Union Investigated
Jim Smith reports: Authorities continue to investigate a security breach at the Quincy Credit Union, a breach that gave hackers access to hundreds of accounts. It was a busy day at the credit union on Monday as customers came in to get their accounts checked, and in some cases, get new ATM and debit cards. WBZ found…
Ex-Morgan Stanley Adviser Avoids Prison Over Theft of Data
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…
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…