H. Deen Kaplan, Harriet Pearson, Timothy Tobin, and Stephanie Handler write: On November 9, 2015, Anthony Albanese, Acting Superintendent of the New York State Department of Financial Services (NYDFS), issued a letter to a wide array of federal and state financial services regulators that are part of the Financial and Banking Information Infrastructure Committee (FBIIC)….
Category: Financial Sector
UK: IFA pulls clients from Ascentric after ‘terrible’ data breach
Charles Walmsley reports: Sussex-based Prosperity IFA director Simon Munday is set to pull his clients from the Ascentric platform after a technology error allowed one of his clients to access another adviser’s client portfolios. Munday (pictured) has 129 clients with around £10 million of assets under advice on the platform but will move them onto other…
UK: Nutmeg customers caught in data breach
Ruth Gilbe reports: Personal data including names, addresses and investment details of dozens of customers of Nutmeg were accidentally emailed to the wrong people following a system glitch. In a report by FTAdviser’s parent paper the Financial Times, Nutmeg said due to a fault with the code running its service, the company had emailed more than…
Mystery Remains of Who Had Fingers on Keyboard in JPMorgan Hack
Michael Riley and Chris Strohm report: A key figure is missing in the court documents outlining the biggest computer attack ever of the U.S. financial system: the actual hacker. The Israeli mastermind of the crime syndicate with global operations — computer servers in Egypt, online casinos in Ukraine and Hungary, Azerbaijan payment processors and a…
Indictment in Atlanta charges three in E*TRADE, Scottrade ID theft and fraud scheme
Related to the big news out of Southern District of New York earlier today about the mega-hacking and fraud scheme that allegedly impacted financial institutions, stock prices, and online gambling casinos, another indictment was unsealed in Atlanta against two of the defendants: Three people were charged in an indictment unsealed Tuesday in Atlanta with an…
JPMorgan Among Victims of Vast Criminal Hacking Enterprise
Greg Farrell and Patricia Hurtado report: JPMorgan Chase & Co. was among the targets of the biggest theft of customer data from U.S. financial institutions in history, prosecutors said in announcing charges against four men accused of running online schemes including stock manipulation and casino gambling that generated hundreds of millions of dollars. The new allegations…