The bank was not identified in court documents. Do consumers want to know what bank so they can evaluate whether a bank has sufficient infosecurity checks in place to protect their money and accounts? Withholding the names of victim banks or businesses protects those entities, but does not serve consumers well. Deirdre M. Daly, United…
Category: Financial Sector
Scottrade Breach Hits 4.6 Million Customers (Updated)
Brian Krebs reports: Welcome to Day 2 of Cybersecurity (Breach) Awareness Month! Today’s awareness lesson is brought to you by retail brokerage firm Scottrade Inc., which just disclosed a breach involving contact information and possibly Social Security numbers on 4.6 million customers. In an email sent today to customers, St. Louis-based Scottrade said it recently heard…
Chase Can’t Dodge $10M Identity Theft Suit
Rose Bouboushian reports: Chase Bank must face identity theft claims for employees who let money launderers use a customer’s dormant accounts in a Medicare fraud scheme, the Second Circuit ruled Wednesday. Yelena Galper sued JP Morgan Chase Bank N.A. in New York state court in May 2013, claiming several of its employees accepted bribes to…
VacationRentPayment notifies customers whose account application information was hacked
YapStone (VacationRentPayments) is notifying some property managers and others who use their service to receive vacation rental payments that personal information in their account applications was compromised by unauthorized persons. In a letter dated September 11, YapStone CEO Thomas J. Villante writes that email and postal address, Social Security number, driver’s license number, date of birth, and bank…
WI: Educators Credit Union ATMs hit by skimmers
Michael Burke reports: Educators Credit Union reported Tuesday that five of its ATM machines, including one at 3525 Rapids Drive in Racine, were hit by the growing credit and debit card fraud called skimming. ECU Security Director Angela Langdon said just over 600 of ECU’s 128,000 members had their financial information stolen. Read more on…
CA: John Gordon Baden sentenced for hacking mortgage broker, wire fraud
When John Gordon Baden was arrested in Mexico in November 2014, the FBI issued a press release that provided background on the case. The allegations reproduced below are only for historical purposes: John Gordon Baden along with his co-conspirators were allegedly responsible for stealing the identities of 40,000 people and then using the stolen information to…