Too Speculative’: US Judge Throws Out Data Breach Suit Against Ally Financial

Jane Wester reports: U.S. District Judge Nelson Román of the Southern District of New York on Monday dismissed a proposed class action lawsuit against Ally Financial, finding that the plaintiff failed to establish the injury suffered by a data breach i… Continue reading Too Speculative’: US Judge Throws Out Data Breach Suit Against Ally Financial

loanDepot notifying 17 million customers after ransomware attack in January

On February 16, BlackCat added loanDepot to their dark web leak site, but without any data as proof. At the time, they claimed that LoanDepot had shown up in the negotiation chat, and had offered $6 million for the data and a decryptor, but allegedly c… Continue reading loanDepot notifying 17 million customers after ransomware attack in January

Leading Mobile Banking App Hit by IntelBroker Hackers, Sensitive Data Up for Sale

Ashish Khaitan reports: The IntelBroker hacker group has claimed responsibility for a potential cyberattack on a popular (undisclosed) mobile banking app boasting over 10 million users. The threat actor, known for their prowess in exploiting vulnerabil… Continue reading Leading Mobile Banking App Hit by IntelBroker Hackers, Sensitive Data Up for Sale

Attorney General James Sues Citibank for Failing to Protect and Reimburse Victims of Electronic Fraud

Imagine having a law on your side that actually helps you in the event your bank account is hacked or your funds are stolen by scammers, but the bank never tells you that you are protected by that law, and worse, does not comply with it. According to N… Continue reading Attorney General James Sues Citibank for Failing to Protect and Reimburse Victims of Electronic Fraud

Ex-IRS contractor who leaked Trump’s tax returns sentenced to 5 years

Salvador Rizzo reports: A former IRS contractor who leaked a slew of confidential tax records filed by the wealthiest Americans, including those of President Donald Trump, was sentenced Monday to the maximum of five years in prison. Charles Littlejohn … Continue reading Ex-IRS contractor who leaked Trump’s tax returns sentenced to 5 years

$2.4 trillion securities platform owner hacked. EquiLend admits “unauthorised access”

Ed Targett reports: Financial technology company EquiLend – the owner of a NGT [Next Generation Trading], a platform that executes $2.4 trillion of securities transactions each month – has confirmed “unauthorized access to our systems” on January… Continue reading $2.4 trillion securities platform owner hacked. EquiLend admits “unauthorised access”

Dutch SA Sanctions Credit Card Company for Failure to Perform Data Protection Impact Assessment

Kristof Van Quathem of Covington and Burling writes: In December 2023, the Dutch SA fined a credit card company €150,000 for failure to perform a proper data protection impact assessment (“DPIA”) in accordance with Art. 35 GDPR for its “identification … Continue reading Dutch SA Sanctions Credit Card Company for Failure to Perform Data Protection Impact Assessment

NYS announces $8 Million Penalty Against Genesis Global Trading, Inc. After DFS Investigation Finds Significant Failings in Anti-Money Laundering and Cybersecurity Programs

January 12, 2024 New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today announced that Genesis Global Trading, Inc. (“Genesis Global Trading”) will pay an $8 million penalty to New York State for compliance failur… Continue reading NYS announces $8 Million Penalty Against Genesis Global Trading, Inc. After DFS Investigation Finds Significant Failings in Anti-Money Laundering and Cybersecurity Programs