A Pasco County, Fla., man has been charged for his involvement in a summer skimming spree that targeted Bank of America ATMs. Why do authorities believe he likely has connections to an international crime ring?
A class action lawsuit is seeking $4.9 billion in damages as a result of alleged privacy violations stemming from a recent health information breach affecting beneficiaries of the TRICARE military health program.
While a presidential advisory council wants to move forward quickly with using metadata tags within electronic health records, such as to indicate patient privacy preferences, another federal advisory panel is saying "not so fast."
Skimming incidents at bank branch ATMs and vestibules are adding up to huge losses. One bank says it could easily lose $50,000 over one weekend at a single ATM. So, what can institutions do to deter and detect skimmers?
"Given that the data tested against our network consisted of sign-in ID-password pairs, and that the overwhelming majority of the pairs resulted in failed matching attempts, it is likely the data came from another source and not from our networks," says CISO Phillip Reitinger.
These arrests also highlight the U.S. vulnerability to crimes involving payment cards with magnetic stripes. "The U.S. is a criminal's playground right now," says John Buzzard of FICO Card Alert Service.
A children's health system is offering free credit monitoring to 1.6 million after the loss of backup tapes. It's the second major breach incident revealed in recent weeks involving lost or stolen backup tapes.
"It should provide fuel for anyone calling for data breach legislation to include criminal sanctions ...," says Neal O'Farrell of the Identity Theft Council. "This was nothing short of a clumsy cover-up."