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Gesa Credit Union was one of Marquis Software Solutions’s clients affected by a breach at Marquis, but there were many others. Bleeping Computer reports: Financial software provider Marquis Software Solutions is warning that it suffered a data breach that impacted dozens of banks and credit unions across the US. Marquis Software Solutions provides data analytics, […]
Gesa Credit Union has posted a notice on its website: Gesa Credit Union (“Gesa”) is providing notification of a recent data security incident that occurred at Marquis Software Solutions (“Marquis”), a former digital and physical marketing and communications vendor for Gesa. This incident involved information related to some Gesa members. However, this incident did not impact […]
The New York Times reports: Some of the nation’s biggest banks were scrambling on Saturday night to assess the fallout from a large-scale hack of a vendor whose compromise could expose sensitive customer data. The vendor, SitusAMC, has been deployed by hundreds of banks and other lenders to help originate and collect money from real […]
Top Class Actions reports: A new class action lawsuit alleges The PNC Financial Services Group failed to properly secure and safeguard personally identifiable information of its customers during a data breach earlier this year. Plaintiff Madonna Blunt claims PNC disclosed earlier this month that sensitive customer information was mistakenly provided to another client without authorization […]
Earlier this year, North Dakota’s Governor signed HB 1127, which imposes new obligations for financial corporations operating in North Dakota. The law will take effect on August 1, 2025. From JacksonLewis, an explainer on the new law’s requirements for a comprehensive, written information security programs: Read more of the required elements at Workplace Privacy, Data Management & […]
PYMNTS reports: American banking groups want the Securities and Exchange Commission (SEC) to revoke its cybersecurity incident disclosure requirements. These groups, led by the American Bankers Association (ABA), wrote to the SEC last week, contending that disclosing cybersecurity incidents “directly conflicts with confidential reporting requirements intended to protect critical infrastructure and warn potential victims.” Joining the ABA were the Securities Industry […]
Mint reports: The website of Nippon Life India Asset Management Ltd, India’s largest mutual fund by number of investors, has been down since a cyberattack hit the company’s IT infrastructure on 9 April. When Mint visited the website on 17 April, the home page was accessible but the login page was not. The company wrote in an exchange filing […]
Fast Company reports: Several of the largest U.S. banks are reportedly pausing or reassessing how they send sensitive information to the Office of the Comptroller of the Currency (OCC) following a major cyberattack on the regulator. JPMorgan Chase and Bank of New York Mellon have halted electronic information-sharing with the OCC, Bloomberg reported. Bank of America […]
PayPal’s Cybersecurity Failures Led to the Exposure of Customers’ Social Security Numbers January 23, 2025 New York State Department of Financial Services Superintendent Adrienne A. Harris today announced that PayPal, Inc. (PayPal) will pay a $2 million penalty to New York State for violations of DFS’s Cybersecurity Regulation. An investigation determined PayPal failed to use qualified […]
On November 28, Reuters reported: A senior official at Uganda’s finance ministry confirmed that accounts in the country’s central bank had been hacked but he downplayed the extent of the losses. The Bank of Uganda had said late on Thursday it was awaiting a police investigation into a news report that offshore hackers stole 62 […]
