Tang See Kit reports: Japan’s securities-market watchdog said on Tuesday (Dec 8) it has asked the Financial Services Agency (FSA) to penalise Deutsche Bank’s brokerage unit in Tokyo for the improper sharing of information about a company’s earnings with its clients. The Securities and Exchange Surveillance Commission (SESC) recommended that the FSA take “administrative action”…
Category: Insider
Morgan Stanley Suspected Russian Hackers in Client-Data Breach
Justin Baer reports: Morgan Stanley suspected that Russian hackers stole client data from a former financial adviser who pleaded guilty to illegally accessing the bank’s computers and taking the information home with him. Galen Marsh, who was fired from the Wall Street firm in January for viewing and copying account information on other advisers’ clients, pleaded guilty…
NY: Developer arrested for theft of source code from former employer
Preet Bharara, the United States Attorney for the Southern District of New York, and Diego Rodriguez, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced the arrest of XU JIAQIANG for theft of a trade secret, in connection with XU’s theft of proprietary source code from XU’s former…
Lawsuit: Former employee used computer program to steal trade secrets from Virginia Beach company
Scott Daugherty reports: A Virginia Beach construction company claims a former employee stole trade secrets earlier this year and provided them to a competitor. Unlike most such cases, however, officials with Atlantic Marine Construction Company aren’t arguing the employee stole their proposal sheets and other records before he was fired. Rather, the company claims Christopher…
Mercedes in “data theft” legal action against Ferrari-bound engineer
Valentin Khorounzhiy reports: Mercedes has formally filed a lawsuit against Ferrari-bound engineer Benjamin Hoyle, alleging that he was looking to take sensitive data to the Italian manufacturer. As reported by Bloomberg, Hoyle, who works as a Performance Application Team Leader for Mercedes AMG, informed the manufacturer earlier this year that he would resign at the end…
U. Colorado Health Notifies 827 Patients That Employee Snooped in Their Records
From their public notice: UCHealth in northern Colorado is notifying approximately 800 patients that an employee inappropriately accessed their electronic medical record information. Letters to these patients have already been mailed, and affected patients will receive the letters over the coming days. The privacy and confidentiality of patients’ medical record information is a priority, and…