Jaikumar Vijayan of Computerworld reports: A couple whose bank account was breached can sue their bank for its alleged failure to implement the latest security measures designed to prevent such compromises. In a ruling issued last month, Judge Rebecca Pallmeyer, of the District Court for the Northern District of Illinois, denied a request by Citizens…
Category: Of Note
TJX settles banks’ lawsuit
The Associated Press reports that TJX has settled TJX said it has paid $525,000 to settle claims by some banks about costs they incurred as a result of the retailer’s massive data breach. Other banks — AmeriFirst Bank, HarborOne Credit Union, SELCO Community Credit Union and Trustco bank – have dropped their respective claims against…
Wyndham Hotels and Resorts hacked again
Wyndham Hotels and Resorts (“WHR”) reports that it suffered a second hacking-related breach that it learned of while still dealing with a 2008 breach (see previous coverage). In a letter [pdf] dated August 21 to the New Hampshire Attorney General’s Office, Wyndham indicates that 201 residents of New Hampshire were affected by the latest incident:…
Biggest Breaches of 2009
Linda McGlasson of BankInfoSecurity.com provides an analysis and commentary, based on ITRC’s statistics for this year. There have been 356 data breaches so far in 2009, according to the Identity Theft Resource Center (ITRC). And 46 of those breaches have involved financial institutions – up from 34 at this same time last year. In reviewing…
Gonzalez pleads guilty, sentenced to 15-25 years
The Associated Press has reported that Albert Gonzalez has agreed to plead guilty to conspiracy, wire fraud and aggravated identity theft charges. Under a plea agreement with federal prosecutors filed in Boston on Friday, Albert Gonzalez would serve a sentence of 15 to 25 years after pleading guilty to a 19-count indictment. He would also…
‘The Analyzer’ Pleads Guilty in $10 Million Bank Hacking Case
Ehud Tenenbaum, aka “The Analyzer,” quietly pleaded guilty last week to a single count of bank-card fraud for his role in a sophisticated computer-hacking scheme that federal officials say scored $10 million from U.S. banks. The Israeli hacker was arrested in Canada last year for allegedly stealing about $1.5 million from Canadian banks. But before…