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…
Category: Of Note
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…
The state of data security – or lack thereof – in NY school districts
Yesterday, I posted an item about a Lindenhurst school district audit that indicated that a school district’s funds had been illegally transferred back in 2007 and that the district had not detected the problem. Last month, a similar situation occurred with the Duanesburg School District, also in New York. Dee Alpert, publisher of The Special…
TX: (follow-up) Memorial Hermann worker sentenced for bank fraud, ID theft
As a follow-up to a case previously mentioned on this site: A former patient care assistant of a Houston area hospital has been sentenced to prison for bank fraud and stealing the identities of patients, United States Attorney Tim Johnson announced today. Nakeshia Brown, 30, of Houston, was sentenced to a total of 60 months…