Thursday, November 24, 2016
The first update in quite some time. My IT Governance students will be interested.
Six in Philippines May Face Charges Over Bangladesh Bank Heist Charges
The Philippines said Wednesday it has launched criminal proceedings against six bankers accused of failing to stop the laundering of tens of millions of dollars stolen by cyber-criminals from Bangladesh's central bank.
The electronic thieves in February shifted $81 million from the bank's account with the US Federal Reserve in New York to the Rizal Commercial Banking Corp. (RCBC) in Manila in one of the world's biggest bank heists.
The money was transferred to four accounts at an RCBC branch from where it was funnelled into local casinos, according to regulators who fined the bank a record $21 million in August.
Manila's Anti-Money Laundering Council said it filed a criminal complaint at the justice department against RCBC's retail banking group head at the time, its national sales director and four other bank officials.
"The... respondent officers and employees of RCBC facilitated the suspicious transactions involving the four accounts above, by failing to conduct the requisite investigations and enquiries into the accounts," it read.
The complaint, filed on Friday, also cited the Filipino respondents' alleged "deliberate refusal to know the unlawful origins of the funds".
A day for under-the-radar announcements?
Personal data for more than 130,000 sailors was breached, Navy says
The Navy was notified in October by Hewlett Packard Enterprise Services that a computer supporting a Navy contract was “compromised,” and that the names and social security numbers of 134,386 current and former sailors were accessed by unknown persons, the service said in a news release.
… A Navy official familiar with the investigation said the personal data came from the Career Waypoints database, known as C-WAY, which sailors use to submit re-enlistment and Navy Occupational Specialty requests.
… This is at least the second major breach of Navy data linked to its contracting activities with Hewlett Packard. In 2013, the service announced that Iran had penetrated its unclassified Navy and Marine Corps Intranet. In March 2014, the Wall Street Journal reported that the breach was due to a sloppily written contract with Hewlett Packard that didn’t require HP to provide security for some of the Navy’s unclassified databases.
It took four months for officials for purge the hackers from the system.
Let’s go where the money is!
Facebook, Google and now Verizon are accelerating their tracking efforts despite consumers’ privacy concerns
Jason Kint reports:
Verizon has topped itself by playing Russian roulette with consumer trust in an attempt to compete with the advertising businesses of Google and Facebook. In an email announcement last Sunday night to select subscribers, Verizon signaled how it intends to compete with those two powerhouses, outlining its plan to combine offline information, such as postal address, email address and device type, with AOL browser cookies, Apple and Google advertising IDs, and their own unique identifier header. Coupled with all of their customers’ browsing history and app usage, this mass of customer data will make for a rich competitive product to Facebook and Google.
There’s just one problem: This practice requires explicit opt-in consent from consumers under the new FCC privacy rules. Although the rules are not yet required to be adopted (and notably on the chopping block in a Trump presidency), it’s hard to argue that Verizon’s plan doesn’t violate the spirit of the rulemaking.
Read more on Recode.
Free is good!
I don’t think I’d send one of these to Scrooge!
Make Your Christmas Tree Tacky Again With Trump’s $149 MAGA Ornament