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CIBC to compensate customers for Breach
The Canadian Imperial Bank of Commerce will compensate customers whose personal information was mistakenly sent to businesses i...
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CIBC to compensate customers for Breach

  • The Canadian Imperial Bank of Commerce will compensate customers whose personal information was mistakenly sent to businesses in the U.S. and Quebec, Bloomberg reports. A Toronto judge approved the deal last week, settling a class-action...

Lloyds TSB fined $350m for faking records and breaching US financial sanctions

  • UK-based bank Lloyds TSB has agreed to pay a $350m penalty to US authorities over financial transfers that violated US sanctions. The US Justice Department said Lloyds TSB had acknowledged "criminal conduct" and agreed to forfeit the fun...

Financial Data Breach at Minnesota Payroll Company

  • Names, Social Security numbers and bank account numbers of over 27,000 Americans were exposed when a hacker breached the pay system of a Twin Cities-based payroll companies.  Officials at ceridian Corp. discovered the security issue...

Germany Purchases Stolen Financial Information

  • Last week, German Finance Minister Wolfgang Schauble announced that the government has agreed to buy a CD from an anonymous informant containing stolen bank details of up to 1500 people suspected of evading German taxes by depositing the...