Collaborate Disseminate
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
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
Frank Bajak reports: The U.S. retail mortgage lender LoanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone service. In a filing on Monday with the Securities and Exchange Commission, the company said data was… Continue reading US retail mortgage lender LoanDepot struggles with cyberattack
Bill Toulas reports: Mortgage servicing company LoanCare is warning 1,316,938 borrowers across the U.S. that their sensitive information was exposed in a data breach at its parent company, Fidelity National Financial. LoanCare is a sub-servicing and in… Continue reading Mortgage firm LoanCare warns 1.3 million people of data breac