NEW YORK - (07/07/06) In the latest large-scale databreach, payroll provider Automatic Data Processing said Thursday itwas tricked into disclosing personal data on tens of thousands ofbrokerage customers to someone impersonating corporate officers.ADP, which also handles investor communications for severalbrokerage firms, said it gave the lists to an unauthorized thirdparty who fraudulently requested the data. The information includesnames, addresses and the numbers of shares owned by investors, butdid not include account or Social Security numbers, the companysaid. ADP said it provided the shareholder lists between November200 and February 2006.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
December 12 -
In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
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Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
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Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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