The Financial Industry Regulatory Authority (FINRA) issued the following press release today: The Financial Industry Regulatory Authority (FINRA) announced today that it has fined D.A. Davidson & Co., of Great Falls, MT, $375,000 for its failure to protect confidential customer information by allowing an international crime group to improperly access and hack the confidential information…
Court to Notify Countrywide Customers About a Class Action Settlement Involving the Theft of Personal and Financial Data
A press release from the United States District Court for the Western District of Kentucky: A notification program began today in the United States, including Puerto Rico and recognized territories of the U.S., as ordered by the United States District Court for the Western District of Kentucky (the “Court”), to alert people who provided their…
UK: Labour attacked over mailshot to cancer patients
Chris Hastings, Maurice Chittenden and Nyta Mann report: The Conservatives and the Liberal Democrats have attacked the Labour Party for sending “alarmist” literature to cancer patients, and called for an inquiry into whether NHS databases had been used to identify recipients. The row erupted after Labour sent cancer patients mailshots saying that their lives may…
In: Lawyer held for data theft from office
Aneesh Phadnis reports: A junior lawyer, who uploaded over 4,000 documents related to suits and litigations from his office server to personal email accounts, has been booked for data theft. On Friday, the Vakola police arrested Chittaranjan Das after his employer, advocate Rajesh Sharma, complained that he had transferred documents from the office server to…
B.C. Ferries’ data security system flawed, audit finds
Gary Mason reports: B.C. Ferries customers who pay with a credit card are being put at risk by flaws in the company’s data security system. Recent internal audits conducted by the ferry corporation have identified glaring deficiencies in the way in which the company is protecting sensitive customer credit card information. […] In order to…
(follow-up) Data theft puts LPL clients at risk
Bruce Kelly of Investment News has more on the recent LPL Financial breach reported previously here. Kelly reports that LPL’s chief risk officer, John McDermott, says that LPL advisers guilty of mishandling or losing client data face an escalating series of punitive measures — “starting with a formal reprimand, then fines and ultimately termination.” McDermott…