Collaborate Disseminate
Matthew Hughes reports: Workplace pension provider NOW: Pensions has emailed a number of UK customers to warn about a data leakage caused by contractor error. The email, seen by this publication, claims a service provider “unintentionally” … Continue reading UK: Pensions firm NOW tells some customers a ‘service partner’ leaked their data all over ‘public software forum’
The Financial Conduct Authority (FCA) has fined Charles Schwab UK Ltd (CSUK) £8.96 million for failing to adequately protect client assets, carrying out a regulated activity without permission and making a false statement to the FCA. Customers affected… Continue reading FCA fines Charles Schwab UK £8.96 million over safeguarding and compliance failures
Sindhu Ajay reports: The US Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation Friday proposed a new computer-security incident notification requirement for banking organizations and thei… Continue reading Federal financial regulators propose computer-security incident notification for banks
From the moment it was disclosed, it seemed clear that the Desjardins breach of 2019 that involved a rogue employee was going to cause big trouble for Desjardins. And sure enough, in one day, they were hit with two potential class action lawsuits. Des… Continue reading Investigation into Desjardins’ compliance with PIPEDA following a breach of personal information between 2017 and 2019
It seems that yet another group of threat actors are trying the double-extortion method, replete with trying to get media coverage. “ALTDOS,” as they call themselves, contacted a number of news outlets in Thailand and online news sites to a… Continue reading Thai securities trading firm goes offline after cyberattack
River City Bank had some explaining to do to customers. As described in their notification, a copy of which was submitted to the California Attorney General’s Office, the bank discovered a problem on September 29. An employee downloaded customer… Continue reading River City Bank notifies customers after discovering insider wrongdoing
Admire Moyo reports that Absa, one of the country’s largest banks, has disclosed a data breach that resulted in customer data being shared with external parties> In a statement to ITWeb, the bank says: “Absa advises that an employee has unlaw… Continue reading ZA: Absa accuses employee of leaking customer data
Lydia Beyoud reports: The CFPB is ready to shape the next phase of open banking in the U.S. as it develops standards for how vast amounts of consumer financial data is shared among banks, fintech apps, and data transfer companies. Financial data sharin… Continue reading CFPB to Play Peacemaker in Battle for Consumers’ Financial Data
Kimberly Peretti, Amy Mushahwar, and Alysa Austin of Alston & Bird write: On October 13, 2020, state financial regulators in partnership with the Bankers Electronic Crimes Taskforce and the U.S. Secret Service, released the Ransomware Self-Assessme… Continue reading State Financial Regulators Issue Ransomware Mitigation Tool
October 9 — A federal grand jury has charged 11 Cincinnatians in a conspiracy to steal bank customers’ information in Greater Cincinnati and Northern Kentucky in an indictment unsealed here today. According to the indictment, five of the defendan… Continue reading OH: 11 charged in conspiracy to steal account information, money from bank customers