Blog Posts Tagged with "Citigroup"

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Anonymous Faction Hits Banks With DDoS Attacks

February 06, 2012 Added by:Headlines

A faction of the rogue Anonymous movement temporarily disrupted the online presence of several major banks with an onslaught of distributed denial of service (DDoS) attacks. Among the targets of the group identifying itself as Anonymous Brasil were Citibank and HSBC...

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Citigroup Faces Class-Action Lawsuit for May Breach

October 10, 2011 Added by:Headlines

“Defendants have taken no steps that adequately or effectively protect cardholders against illegal use of the cardholders’ sensitive and extensive financial records since the breach,” the suit states. Officials estimate that $2.7 million was stolen from 3,400 accounts in the attack...

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Citigroup Executive Pleads Guilty to Insider Theft of Millions

September 07, 2011 Added by:Headlines

“Foster exploited his position as a trusted insider to embezzle tens of millions of dollars and to conceal the theft for as long as possible. The FBI is determined to uncover bank larceny in any form,” said FBI Assistant Director in Charge Fedarcyk...

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Top Ten Most Expensive Network Attacks in History

August 18, 2011 Added by:Headlines

Quantifying the cost of a cyber attack is admittedly subjective on some levels given that the scope of the impact may not be readily reportable and collateral damage is difficult to pinpoint, but the author does manage to assemble a viable list of the most devastating network attacks...

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FINRA Fines Citigroup for Failing to Detect Fraud

August 11, 2011 Added by:Headlines

FINRA found that Citigroup failed to detect or investigate a series of "red flags" that upon further inquiry should have alerted the firm to the improper use of customer funds, including reports reflecting suspicious transfers of funds between unrelated accounts...

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Citigroup Lost $2.7 Million in May Hacker Attack

June 27, 2011 Added by:Headlines

Officials from the banking giant now assert that $2.7 million was stolen from about 3,400 accounts in the May attack. Citigroup immediately reported the security incident to law enforcement and regulatory authorities, but waited about three weeks before notifying affected customers...

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Citigroup Reveals More Compromised Client Accounts

June 16, 2011 Added by:Headlines

"The customers' account information (name, account number and contact information, including email address) was viewed. However, data that is critical to commit fraud was not compromised: the customers' social security number, date of birth, card expiration date and card security code..."

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The Citigroup Breach and Tips for Secure Online Banking

June 13, 2011 Added by:Headlines

The Citigroup breach is considered one of the very few successful hacks against a major banks systems, and underscores the need for continued vigilance by financial institutions and their clients where security best practices are concerned...

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Citigroup: Housekeeping Isn’t Glamorous - Only Critical

June 12, 2011 Added by:Mike Meikle

Development for online banking software is handled offshore, which can be a challenge when it comes to infusing the application with information security best practices from the foundation up. As to what Citigroup could have done better, it depends on how the breach was perpetrated...

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To Disclose or NOT to Disclose...

June 09, 2011 Added by:Andrew Baker

The issue of disclosure is a sensitive one, and it is important not to feed more bad guys with more information that will allow them to have greater success, but it is abundantly clear that two months of saying essentially nothing is at least just as bad as saying too much, if not worse...

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Citigroup Suffers Breach of Customer Information

June 09, 2011 Added by:Headlines

Citigroup has confirmed an unauthorized network access event may have compromised the account details of as many as two hundred thousand North American banking clients. Representatives said they detected the breach of the Citi Account Online network in May through routine monitoring...

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