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Data & Analytics News Updates, July 11th 2012

This week’s data and analytics news include the imprisonment of online banking thieves, tax authorities using stolen bank data to convict a tax evader, and FTC’s suit against a hotel chain for card breaches.

July 11, 2012 | The Asian Banker Editor

Online banking thieves jailed
Fraudsters Pavel Cyganok, Ilja Zakrevski and Aldis Krummins, who used the SpyEye malware to steal web-banking login details from victims in the UK, Denmark, Netherlands and New Zealand, embezzling around $154,750 in the process, have been sentenced to jail by a London court.

Stolen bank data used to convict tax evader
UK tax authorities Revenue & Customs has convicted property developer Michael Shanly, who hid money in a secret Swiss bank, of tax evasion in the first court case involving a stash of stolen HSBC bank data obtained by the authorities two years ago.

FTC sues Wyndham Worldwide for card data breaches
The Federal Trade Commission has filed a suit against hotel chain Wyndham Worldwide Corporation and three of its subsidiaries in connection with three security breaches – in less than two years – that exposed card details of nearly 670,000 accounts, with the security gaps allowing hackers to infiltrate the hotel chain’s network and export said card details.

Re-disseminated by The Asian Banker

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Data & Analytics, Data Management, Risk & Performance

Keywords:HSBC, FTC