MasterCard International announced that it is notifying its member financial institutions of a breach of payment card data, which potentially exposed more than 40 million cards of all brands to fraud, of which approximately 13.9 million are MasterCard-branded cards.
Criminals have got private data that contained names, Social Security numbers, birth dates and benefits information of 5,800 former Eastman Kodak Co. workers. Those records were on a password-protected laptop that was stolen from a consultant's locked car trunk. The laptop belonged to Hewitt Associates, a human resources consulting firm working with Kodak on the administration of its employee benefit plans.
Swiss private bank Julius Baer Holding AG has confirmed the theft of highly confidential client data from one of its units in the Cayman Islands, Forbes reported.
Ohio Attorney General Jim Petro has asked a court to order shoe retailer Designer Shoe Warehouse (DSW) to individually notify each customer whose personal information may have been stolen recently from DSW computer files. Ohio is the first state to sue the retailer over one of the biggest security breaches of its kind in the nation.
A laptop was stolen between May 7 and May 9 from Omega World Travel of Fairfax, Va., which is one of the largest travel companies in the Washington area and does extensive business with government agencies.
CitiFinancial, the retail finance division of Citigroup, has lost backup tapes containing sensitive personal information of around 4 million American customers.
Business community was shocked by the largest case of industrial espionage that involved several arrests of top executives at some of Israel's biggest companies, including the Yes satellite TV company, Mayer Cars & Trucks, the Pelephone Communications and Cellcom cellular networks. Israel and London police, FBI and Interpol suspects them of involvement in spying on competitors. A total of 18 people have been detained, including nine private investigators.
The Securities and Exchange Commission (SEC) has internal IT-security problems in dealing with critical financial information and accountancy practices. It is very important because SEC is responsible for auditing all this stuff that should prevent fraud and ensure financial accuracy in other companies.