Mech Dara and Daniel de Carteret report: A group of online hackers calling themselves Cyber TeamRox have breached several local websites over the past two days, including those of the Cambodian Navy, AEON Microfinance and Build Bright University. In what appears to be a random selection of targets, a hacker with the group using the alias Harith101,…
Category: Financial Sector
26-year-old Turkish hacker sentenced to record 334 years in prison for ID theft, bank fraud
If you thought our federal prosecutors over-charge under the CFAA and/or seek unreasonable prison terms for hacking, read this story in the Daily Sabah: … Onur Kopçak was sentenced Sunday to 135 years in prison for stealing 11 people’s credit card information and selling it to other cyber criminals. With this new sentence approved by the…
Korea opens pan-industry center for credit data protection and security
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…
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…