Andrew Pearce reported on Feb. 13: Aviva has sacked two members of staff after customer claims information and car details may have been accessed or disclosed to third party companies. The insurer confirmed that when the “illegal activity” was identified, the Insurance Fraud Enforcement Department was immediately contacted. And the Insurance Fraud Enforcement Department (IFED)…
Category: Insider
Two Sigma Analyst Charged With Confidential Data Theft
Chris Dolmetsch and Tiffany Kary report: An employee of Two Sigma Investments LLC, an $18 billion quantitative hedge fund, was charged by New York prosecutors with stealing computer data from the company, the latest in a growing number of proprietary financial firm theft cases brought by the Manhattan district attorney. Two Sigma sued Kang Gao,…
UK: Barclays cybertheft involved cooperation of employee
Steve Gold has an update to a breach noted previously on this blog involving a gang that transferred funds from some Barclays customers’ accounts. At the time, it was suspected that one of the gang members had posed as an engineer to install a KVM device that enabled them to access the bank’s computer and…
Ex-employee of Birmingham Social Security office pleads guilty to stealing from beneficiaries
Kelsey Stein reports a follow-up to an insider breach for tax refund fraud involving the Alabama Social Security Department: A former employee of the Social Security Administration office in Birmingham at a hearing Tuesday pleaded guilty to stealing information and benefits. Tabaris Archie Brown, 35, of Montgomery, entered a guilty plea at a hearing Tuesday morning…
KR: Shinhan Bank allegedly snooped into accounts of politicians
Na Jeong-ju reports: Shinhan Bank may face punishment by regulators for allegedly illegally accessing hundreds of bank accounts held by its customers, including politicians, sources said Monday. The Financial Supervisory Service (FSS) is currently looking into claims by an opposition lawmaker last year that the bank accessed bank accounts held by 22 people, including 16…
Wachovia customer sues bank for failing to protect his account and then falsely fingering him to the feds
Jay Weaver of the Miami Herald has a must-read piece about what Carlos Gomez, a Wachovia Bank customer, went through after becoming a victim of ID theft by a bank employee, and how he’s suing Wachovia, which has since been taken over by Wells Fargo: Just before dawn, insistent pounding on the front door jolted…