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!
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.
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