Stealing from a crack in the Piggy Bank!
Written by Daniel   
Sunday, 21 January 2007 08:22
Data Losses Strike Three More Firms
DarkReading

JANUARY 19, 2007 | In the same week that TJX Companies reported what could be one of the largest data losses in recent memory, three major financial institutions report that they also may have exposed the personal information of large numbers of customers.
Nordea, a Swedish bank, revealed today that its customers have been swindled for around $1.1 million over the last 15 months in what the company calls the "biggest ever" online bank theft. About 250 of the bank's customers appear to have been targeted by a Haxdoor Trojan that made it possible for criminals to steal account data and login information.
CIBC, a Canadian bank, yesterday reported that it has lost a backup drive that contains personal and financial information on some 470,000 customers. The bank says it has no reason to believe that the information has been stolen, but the drive -- which was lost in transit between two offices -- is still missing.
Moneygram, the Minneapolis-based payment services company, said last Friday that information on 79,000 of its customers was "unlawfully accessed" from its servers via an Internet hack last month. The company called the intrusion "an isolated incident" that only involved customers who made payments to a single biller.

The data losses have dealt a nasty collective blow to the banking and credit industry, which yesterday was digging out from a raft of credit card re-issues necessitated by TJX's revelation that its systems had been hacked and customer accounts pilfered. At least ten banks in Massachusetts reported customer thefts resulting from the intrusion, and experts say they still don't know how bad the breach is... Much More

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