Collaborate Disseminate
By Waqas
Bank of America customers participating in deferred compensation plans are the main victims of this data breach.
This is a post from HackRead.com Read the original post: Infosys Data Breach Impacts 57,000 Bank of America Customers
Continue reading Infosys Data Breach Impacts 57,000 Bank of America Customers
When U.S. consumers have their online bank accounts hijacked and plundered by hackers, U.S. financial institutions are legally obligated to reverse any unauthorized transactions as long as the victim reports the fraud in a timely manner. But new data released this week suggests that for some of the nation’s largest banks, reimbursing account takeover victims has become more the exception than the rule. Continue reading Report: Big U.S. Banks Are Stiffing Account Takeover Victims
Outdated hiring practices in the cybersecurity sector aren’t as easy to ignore as they once were. While organizations have sought to fill security-related roles — there are nearly 900,000 open positions in the U.S. alone, by one 2020 count — existing professionals have spent nearly two years adjusting to widespread remote work, fending off hackers while balancing family responsibilities amid a pandemic that killed more than 700,000 Americans. Meanwhile, attackers have tightened their focus on critical infrastructure in the U.S., extorting hospitals and schools at a rate that leads to feelings of exhaustion more often than hope. The situation is forcing organizations to re-examine their recruiting strategies in a way that aims to expand the talent pool and support existing employees, according to Mari Galloway, CEO and founding board member of Women’s Society of CyberJutsu, a nonprofit dedicated to building awareness about career opportunities “I have burnout moments probably every […]
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A 30-year-old man employed at Bank of America and TD Mark is alleged to have exploited his position to defraud five businesses out of more than $1.1 million in a Business Email Compromise plot.
Read more in my article on the Hot for Security blog. Continue reading Bank of America employee indicted for email scam that targeted businesses
An accused money launderer allegedly used his position as an employee at Bank of America and TD Bank to aid an email fraud scheme that scammed five businesses out of more than $1 million. The U.S. Department of Justice announced Thursday that a grand jury had returned an indictment against three men — Onyewuchi Ibeh, Jason Joyner and Mouaaz Elkhebri — charging them with money laundering and aggravated identity theft. The defendants allegedly operated a business email compromise scheme, in which thieves pose as a business or associate in an email then ask a victim to wire up to hundreds of thousands of dollars at a time. Elkhebri, a 30-year-old resident of Alexandria, Va., used inside access at Bank of America (where he worked as a personal banker and relationship manager from 2015 through 2017) and then TD Bank (where he worked from 2017 through 2018) to open multiple accounts […]
The post Former TD Bank, Bank of America employee allegedly helped email scammers launder money appeared first on CyberScoop.
A new ‘fork’ of the Cerberus banking trojan, called Alien, targets victims’ credentials from more than 200 mobile apps, including Bank of America and Microsoft Outlook. Continue reading Alien Android Banking Trojan Sidesteps 2FA
The June campaign was targeted and aimed at stealing online banking credentials. Continue reading BofA Phish Gets Around DMARC, Other Email Protections
By Deeba Ahmed
The Data Breach Impacts Paycheck Protection Program Applications Processing.
This is a post from HackRead.com Read the original post: The Bank of America is the latest victim of a data breach
Continue reading The Bank of America is the latest victim of a data breach
This week, the Bank of America revealed that personal data of some of its customers may have been exposed when they uploaded their Paycheck Protection Program (PPP) loan application to the bank’s testing platform. According to a notification lett… Continue reading Bank of America Notifies SBA Loan Applicants of Potential Data Leak
Capital One always said it wasn’t like other banks. While other financial giants cautiously waded into their own digital transformations, Capital One’s leadership has sought to differentiate the $28 billion bank by investing in technology meant to modernize their business. The bank has increased its number of technology staffers to 9,000 today from 2,500 in 2011, assigning employees to software engineering, artificial intelligence and building a digital chatbot to automate reminders to customers about when their bills are due or flag unusually large restaurant tips in case they want to rescind them, Rob Alexander, the bank’s chief information officer told the Wall Street Journal last year. Capital One also was different for its use of Amazon Web Services, a rarity in the financial services industry where most corporate heavyweights simply don’t trust third-parties to store their financial data. At Capital One, the use of AWS was to serve as proof of […]
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