Collaborate Disseminate
Remy Samuels reports: A participant in a retirement plan managed by J.P. Morgan Chase & Co. has initiated legal action against the company following recent reports of a data breach where over 451,000 plan participants’ personal details were exposed… Continue reading J.P. Morgan Sued For Data Exposure
AI-specific fraud and cyber risks in the financial sector are especially pronounced for small banks, the agency’s chief AI officer said.
The post Treasury official: Small financial institutions have ‘growth to do’ in using AI against threats appeared first on CyberScoop.
On April 2, Arizona-based On Q Financial notified the Maine Attorney General’s Office of a breach the mortgage lender experienced. Within days, law firms announced investigations into the breach and sought potential class action members. Was ther… Continue reading On Q Financial announces data breach, law firm feeding frenzy follows
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
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
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
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
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
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”
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