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Breach Notification Service Details Peer-to-Peer Lending Marketplace Victim CountHackers appear to have stolen personal information pertaining to more than 17 million individuals from peer-to-peer lending marketplace Prosper, including Social Security numbers, contact information and some income and financial details, says the Have I Been Pwned breach notification service.

Bank Info Security 1 year, 4 months ago

Curbing Fraud With Stronger Digital Identity Proofing

Reuben Stewart of PNC Discusses Ways to Move Away from Using Static DataDigital identity proofing is a major challenge for banks and financial services firms. Many organizations rely on static data, such as Social Security numbers, which fraudsters can easily steal and misuse, said Reuben Stewart, digital identity lead at PNC Bank.

GAO: SSA Fails to Meet Industry and Federal Electronic Verification System GoalsThe Social Security Administration is facing criticism for failing to update its fraud prevention technology, leaving financial institutions and federal authorities at risk of missing synthetic identity scams, according to a new Government Accountability Office report.

InfoSys McCamish Systems Earlier Alerted 57,000 Bank of America Clients of BreachInfosys McCamish Systems, an insurance software product and services vendor, is notifying nearly 6.1 million people of a 2023 ransomware incident that potentially comprised their sensitive data, including Social Security numbers, medical treatment, and financial and biometric information.

Bank Info Security 2 years, 5 months ago

Hack at Software Services Firm Affects 57,000 BoA Customers

InfoSys McCamish Says Incident Involved BoA's Deferred Compensation Plan CustomersBank of America is notifying more than 57,000 customers that their information, including Social Security numbers, was potentially compromised in a hacking incident last November at Atlanta, Georgia-based insurance software firm InfoSys McCamish. BoA says none of its systems were affected.

Identity thieves have been exploiting a glaring security weakness in the website of Experian, one of the big three consumer credit reporting bureaus. Normally, Experian requires that those seeking a copy of their credit report successfully answer several multiple choice questions about their financial history. But until the end of 2022, Experian's website allowed anyone to bypass these questions and go straight to the consumer's report. All that was needed was the person's name, address, birthday and Social Security number.

The P in PFC now stands for Pwned Professional Finance Company, a Colorado-based debt collector whose customers include hundreds of US hospitals, medical clinics, and dental groups, recently disclosed that more than 1.9 million people's private data – including names, addresses, social security numbers and health records – was exposed during a ransomware infection.…