Kathy Kristof reports on a story that should make everyone who banks online think about whether they, too, are at risk: …. Seven years ago, Fan Bao opened a checking account at Bank of America to facilitate his small import-export business called ZICO USA. When he needed to wire money, he or his wife, Cathy…
Category: Of Note
AvMed: Data of 208,000 at risk after Gainesville theft
The Gainesville Sun reports that AvMed Health Plans announced that personal information of some current and former subscribers may have been compromised by the theft of two company laptops from its corporate offices in Gainesville on Dec. 11. The information includes names, addresses, phone numbers, Social Security numbers and protected health information, according to an…
Liechtenstein bank owes tax dodger damages, court rules
A German tax dodger has won millions in damages in a suit against his Liechtenstein bank for failing to reveal that his information was stolen along with hundreds of other account holders and sold to Berlin for a criminal investigation. The case against LGT Treuhand, a former subsidiary of the LGT Group, was decided in…
AU: Extorted companies silent on stolen data
Darren Pauli reports: Desperate companies are buying off data thieves and extortionists to recover stolen data, according to experts. They claim it is “common” for some businesses operating in Australia to pay ransoms to hackers and disgruntled employees to re-secure sensitive information or prevent illicit corporate activities from becoming public. Law firm MMLC Group managing…
Shell employee contact data breach affects over 100,000
The following was posted by John Donavan and attributed to Royal Dutch Shell (“Shell”) Chief Ethics & Compliance Officer Richard Wiseman: Colleagues, I am writing to inform you of an incident involving misuse of company data. It has become clear recently that the Global Address List, containing contact information of everyone in Shell and some…
(update) Ceridian computer glitch may have helped hacker
Steve Alexander reports: The hacker who stole information about 27,000 people from payroll processor Ceridian Corp. apparently had some inadvertent help from the company. According to one hacking victim, a Ceridian employee told him that his inactive, 10-year-old payroll data had been stolen because a Ceridian software glitch kept it in the company’s database long…