Meena Harris writes: Earlier this week, U.S. District Court Judge Esther Salas directed the Federal Trade Commission (“FTC”) and Wyndham Hotels and Resorts to seek mediation to resolve their landmark dispute over whether the FTC has the authority to regulate companies’ data-security practices. As we’ve previously reported, the FTC alleged that Wyndham violated Section 5…
Category: U.S.
Large-scale security breach at banks in USVI and BVI
The Virgin Islands Consortium reports: FirstBank VI is in the middle of a massive security breach crisis, with many of its Visa Debit card customers blocked from using their cards and some customers claiming to have had “thousands of dollars” stolen from their personal accounts. Banco Popular and Scotia Bank on St. Croix are also reporting security breaches…
Goldman fires staff over leak of confidential NY Fed information
Tanya Agrawal reports: Goldman Sachs Group Inc said it fired two employees over the leaking of confidential information from the Federal Reserve Bank of New York, raising again questions about the bank’s alleged cozy relationship with its regulator. The bank said a junior employee was sacked for passing on to a colleague information from the…
TD Bank Claims Rival Stole Customer Files
Charles Toutant reports: TD Bank claims in a suit filed in federal court in Newark that a competing institution illegally obtained its confidential files in hopes of poaching loan customers from the bank. Kearny Federal Savings Bank of Fairfield, N.J., hired TD Bank loan officer Patrick DiSanto, then set up an email address that he…
Personal information for hundreds of people exposed after break in at apartment office
Jennifer Bauer reports: The personal information of hundreds of renters was exposed after crooks broke into an apartment complex front office. The break-in happened at the Carrington of Champion Forest apartments in the 13000 block of Cutten Road back in August but one family told Local 2 they are still dealing with the fallout several…
Former BYU-Idaho student charged with grand theft and computer crimes
Caleb Despain reports: Jacob Mahonri Espinal, a former BYU-Idaho student, was formally charged with two counts of computer crimes, felonies and grand theft, a felony. […] According to the Rexburg Police Department report, Espinal, a former document processor and graduation specialist at BYU-Idaho’s Student Records and Registrations Office, posted an associates degree in science he…