At yesterday’s annual meeting, Wells Fargo shareholders re-elected all 15 of the bank’s board members, a blog post on The Charlotte Observer first reported. “The bank said the ‘for’ votes … ranged from 53 percent to 99 percent of shares cast. … ‘The Wells Fargo stockholders today I think have sent the entire board a…
The recent Scottrade Bank breach highlights third-party vendor risk, American Banker wrote. “In the bigger picture, not only is vetting and monitoring third parties an increasingly important priority for banks but so is encrypting all sensitive information at all times. New York State regulators have emphasized this in their new cybersecurity rules.”
The Journal reported that Verizon and Yahoo are “closing in on a revised deal that would reduce the price Verizon would pay for the internet company’s core business by about $300 million.”
Yahoo disclosed this in November, so I’m not sure why this is suddenly getting more play. But, in case you missed . . . The Securities and Exchange Commission is investigating the timing of Yahoo’s disclosure of the two large cyber breaches it suffered to investors, reported the Wall Street Journal. “To date, Yahoo hasn’t explained why the…
In the wake of the $81 million Bangladesh Bank hack, financial messaging service Swift has reportedly asked its clients “to be more forthcoming in reporting attacks on its system.” According to a Reuters report, three banks involved in a $12 million cyber-attack last year failed to inform Swift of the hacks.
Telecoms firm reveals cost of attack hit £42m, cutting its profits from £32m to £14m Source: TalkTalk profits halve after cyber-attack | Business | The Guardian
The court used statements that P.F. Chang’s made in response to the breach and protective remediation measures it implemented to draw inferences that customers were at a risk of identity theft and harm, and then used those inferences to find that plaintiffs had standing to proceed with their litigation. The case raises new issues that…
“We don’t know that if the arrests the Chinese purported to have made are the guilty parties,” said one U.S. official who — like others interviewed — spoke on the condition of anonymity because of the subject’s sensitivity. “There is a history [in China] of people being arrested for things they didn’t do or other…
The exposure of millions of phone records across dozens of states sheds light on the dubious claims and practices of Securus Technologies. Source: Massive Hack of 70 Million Prisoner Phone Calls Indicates Violations of Attorney-Client Privilege
Federal prosecutors unsealed indictments against three men who allegedly engaged in a sprawling cybercriminal enterprise that hacked into J.P. Morgan Chase & Co. and several U.S. financial institutions. Source: Charges Announced in J.P. Morgan Hacking Case – WSJ
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