Category Archives: Financial Sector

AR: Two men, including ex-employee of Magnolia bank, get federal sentences for stealing account info of 100 people, committing mail fraud

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The Magnolia Reporter reports: Two men, including a former employee of a Magnolia bank, have been sentenced for stealing financial information and making more than $42,000 in fraudulent online purchases. Patrick Wayne Watson, 24, now of Conway, and Ken… Continue reading AR: Two men, including ex-employee of Magnolia bank, get federal sentences for stealing account info of 100 people, committing mail fraud→

Fears grow data hacked from Reserve Bank may be leaked by CLOP ransomware group

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Tom Pullar-Strecker reports: A ransomware gang appears to be releasing confidential data obtained from the hack of customers of US software company Accellion, raising fears that New Zealand banks may be next to have data exposed. The Reserve Bank admit… Continue reading Fears grow data hacked from Reserve Bank may be leaked by CLOP ransomware group→

NY Department of Financial Services Issues Cyber Fraud Alert to Regulated Entities Using Instant Quote Websites

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Hunton Andrews Kurth writes: On February 16, 2021, the New York Department of Financial Services (“NYDFS”) issued a Cyber Fraud Alert (the “Alert”) to regulated entities in light of a growing campaign to steal Nonpublic Information (“NPI”), as defined … Continue reading NY Department of Financial Services Issues Cyber Fraud Alert to Regulated Entities Using Instant Quote Websites→

Three North Korean Military Hackers Involved in Sony Pictures Hack, Wanna Cry, and Numerous Other Attacks Indicted in Wide-Ranging Scheme to Commit Cyberattacks and Financial Crimes Across the Globe

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A federal indictment unsealed today charges three North Korean computer programmers with participating in a wide-ranging criminal conspiracy to conduct a series of destructive cyberattacks, to steal and extort more than $1.3 billion of money and crypto… Continue reading Three North Korean Military Hackers Involved in Sony Pictures Hack, Wanna Cry, and Numerous Other Attacks Indicted in Wide-Ranging Scheme to Commit Cyberattacks and Financial Crimes Across the Globe→

North Korea Is Using Cyberattacks To Finance Updates To Nuclear Program, UN Experts Say

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Edith M. Lederer of AP reports: North Korea has modernized its nuclear weapons and ballistic missiles by flaunting United Nations sanctions, using cyberattacks to help finance its programs and continuing to seek material and technology overseas for its… Continue reading North Korea Is Using Cyberattacks To Finance Updates To Nuclear Program, UN Experts Say→

RBNZ says partner Accellion kept it in the dark about data breach

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Chris Keall reports: The Reserve Bank was kept in the dark for a crucial five days about a December data breach, Governor Adrian Orr says – contradicting its technology partner’s version of events. The incident – which saw sensitive d… Continue reading RBNZ says partner Accellion kept it in the dark about data breach→