Authorities announced the bust of a Brooklyn-based identity theft ring that stole personal information of customers at various banks, using it to create and cash fake checks. In one case a bank worker was even involved in the scheme, according to the DA. Manhattan District Attorney Cyrus Vance said 28 people were indicted Wednesday in…
Leader Of Prescription Fraud Scheme Sentenced For Health Care Fraud HIPAA Violations And Aggravated Identify Theft
U.S. District Judge C. Lynwood Smith Jr. today sentenced Isaac Earl Smith, 38, of Pleasant Grove to six years in prison for his part in a prescription fraud scheme. Between September 2008 and April 2009, Smith engaged in a criminal conspiracy to commit health care fraud that resulted in HIPAA violations and aggravated identity theft….
SC: More debit/credit fraud cases
Elizabeth Bush reports: The list of victims of debit/credit card fraud on Daniel Island is growing. Both island residents and island employees have been affected. City of Charleston Police and the Charleston office of the United States Secret Service are now investigating the string of cases. After an article on the subject appeared in last…
IL: Some Soy Capital debit cards compromised
Allison Petty reports: Officials at Soy Capital Bank and Trust are working to get customers their money back after an unknown number of debit cards were compromised over the weekend. The bank was one of five Midwest financial institutions where some MasterCard-issued debit cards received fraudulent charges, said bank President Leon Hinton. The charges began…
Web leaders urge global pact on data security
Georgina Prodhan and Leila Abboud report: Internet executives meeting in Paris will urge G8 leaders to adopt an international approach to protecting users’ personal data but will recommend leaving the thorny issue of copyright protection largely to national governments, according to a draft communiqué seen by Reuters. The so-called eG8 forum, which has attracted Internet…
BofA Breach: ‘A Big, Scary Story’
Tracy Kitten reports: An internal breach at U.S. financial giant Bank of America shows how some corporations do not focus enough attention on mitigating internal fraud risks. According to news reports, a BofA employee with access to accountholder information allegedly leaked personally identifiable information such as names, addresses, Social Security numbers, phone numbers, bank account…