Insider steals 45K dollars from Ukrainian bank
A programmer at a Ukrainian bank made use of his access to customer details to steal over $45,000 from accounts. The 23-year-old Dnepropetrovsk resident has already been detained by police. The insider used his position in the bank to gain access to clients' accounts and illegally transferred money from one account into another he had set up especially for the purpose. Later, the criminal cashed a sum of over $45,000 in local currency.
AT&T faces 100,000 dollars fine for mislaid privacy report
The U.S. Federal Communications Commission has proposed fining AT&T Inc. $100,000 for failing to file an annual report detailing its compliance with the FCC's customer privacy-protection rules.
SOX's section 404 costs exceed expectations by 20x
Section 404 of the Sarbanes-Oxley Act has resulted in unforeseen difficulties and excessive costs for companies, according to a member of the U.S. Securities and Exchange Commission. He said companies are paying 20 times more than expected to comply with section 404. According to InfoWatch, the effects of the Sarbanes-Oxley Act are unlikely to ease for the next 2-3 years at least.
Identity theft victims emerge in PHS data theft case
A handful of people have approached the authorities in the U.S. state of Oregon to say that their personal information, stolen from a Providence Health System employee, has been used illegally. Police are still verifying the claims linked to the theft of data tapes and disks with the personal details of 365,000 people at the end of last year.
PHS notifies 365K patients about data theft
The theft of backup computer disks and tapes from the car of a Providence Home Services employee has forced the company to notify 365,000 of its patients that their private details have been compromised. Access to such data is today highly prized by criminals, suggesting that the theft was planned.
Ameriprise loses laptop with data on 158,000 clients
Advisory firm Ameriprise Financial has announced that the financial details of 158,000 clients and the social security numbers of thousands of the firm's advisors were compromised after a laptop computer was stolen from the car of an Ameriprise employee.
U.S. firms selling private telephone data face legal onslaught
The U.S. judicial system has demonstrated its effectiveness after a court blocked the work of 1st Source Information Specialists, which faces a series of lawsuits for selling the telephone records of Americans over the Internet.
San Diego city employee pleads guilty to customer identity theft
A 48-year-old San Diego woman has provided a classic example of just how easy it is for ordinary state employees to manipulate the information they work with to profit from identity theft. One of her four victims turned out to be her immediate boss.
U.S. state laws on confidential data breaches
Since Jan. 1, 2006 the group of U.S. states with their own legislation on sensitive data leaks has been joined by New Jersey, Louisiana and Illinois. The number of states regulating confidential and private information has now reached two dozen.
Source codes for Internet Explorer 7 leaked from Microsoft
Software giant Microsoft has suffered a serious leak after the second beta-test version of Internet Explorer 7 ended up on the Internet together with its source codes. Despite the fact that Microsoft was quick to force the Web site to remove the link from its pages, statistics show that it was downloaded 12,000 times from one resource alone.
