Wells Fargo says the computer error impacted certain accounts undergoing foreclosure between April 2010 and October 2015 and that around 625 customers were incorrectly denied a loan modification or were not offered one even though they were qualified, according to the filing. In about 400 cases, the customers underwent foreclosures. Wells Fargo...
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Category: Data Breach
Wells Fargo pays $2.09 BILLION to settle charges on abuses in mortgage backed securities originations
Wells Fargo Bank will pay the U.S Treasury $2.09 billion to settle charges that it originated and sold residential mortgage loans which it knew contained misstated income information. Also that it did so when they did not meet the quality that Wells Fargo represented. Investors, including federally...
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Cambridge Analytica May Have Shutdown But The Investigations Are Mounting
New investigations in the UK are looking at the ex-chiefs of Cambridge Analytica. These new investigations come in the midst of a probe into misuse of personal data. While Cambridge Analytica has been shuttered, the former executives have created new entities and UK officials want a closer look.
Facebook Data
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Yahoo pays $35 million penalty to settle S.E.C. charges of misleading investors by failing to disclose data breach of 500 mill. users
Yahoo has agreed to pay the Securities and Exchange Commission $35 million to settle charges that it misled its investors in failing to disclose a massive data breach in which hackers stole the personal data of more than 500 million Yahoo users.In December 2014, Russian hackers stole what Yahooās security team referred...
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Equifax reveals massive hack of info of two thirds of US adults –how to know if your info was stolen
Equifax, one of the nation's largest credit reporting company has revealed that 143 million Americans may have had their personal information hacked from the company's website, exposing their social security numbers, credit cards, addresses, names and dates of birth to the fraudsters who stole the information. The 143 victims mean that nearly to thirds...
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Massive cyber attacks syrocketing cybersecurity company stocks and investors are taking notice
Here's a sad irony to the world-wide cyber-security attacks which have disrupted hospitals, railway systems, universities and millions of computers: the assault has resulted in a massive increase of the value of cyber security company stocks. In addition, as the attacks are expected to increase the jump in the stock price is also expected...
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Company to pay U.S. $1.6 million for breach of adultery dating site Ashley Madison after FTC probe of data breach
The parent company of the adultery dating site Ashley Madison will pay $1.6 million in settlements to the U.S. resulting from a Federal Trade Commission probe into a massive breach of the company's computer systems and the outing of millions of its members. Hackers penetrated Ā company's systems and then posted the...
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America’s voting machines may be too old to prevent cyber-hack manipulation upcoming presidential election
The Department of Homeland Security (DHS ) chief Jeh Johnson this week spoke with state election officials to discuss prevention of cyber attacks in the upcoming fall elections. America's voting machines are old, use different systems in thousands of districts across the country. Many use old computers which are more vulnerable to malware, bugs...
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U.S. negotiating deals to allow foreign governments to serve warrants of tech/internet companies in U.S.
The United States Department of Justice is negotiating agreements that would allow foreign governments to serve U.S. technology companies with warrants for email searches and wiretaps. Last week, federal appeals court ruled that federal warrants couldn't be used to search data held overseas by Microsoft Corp., dealing the agency a major legal defeat. The...
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Cybersecurity whistleblowers file under SEC whistleblower program
The Securities and Exchange CommissionĀ is currently evaluating cybersecurity whistleblower claims. As an example, based on a tip from a cybersecurity whistleblower, the Department of Health and Human Services recently brought charges against a hospital for improperly storing electronic protected health information.
An "eligible whistleblower" under the SEC's Whistleblower Incentive Program is a...
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