Swiss bank Credit Suisse accused its former vice president of emerging markets Agostina Pechi, hired by the U.S. investment bank Goldman Sachs of theft of trade secrets, reports Bloomberg.
Credit Suisse has filed a complaint in a Manhattan court sustaining that the information was stolen in an attempt to win customers for Goldman Sachs.
In February and March, Pechi secretly sent e-mails with customer lists and other confidential banking information from her work account to her personal account. She also printed important documents relating to transactions, late at night, when she was officially away on vacation, says the complaint filed by Credit Suisse on the 3rd of May 3.
Pechi earned 950,000 dollars last year and lives in New York. She resigned from Credit Suisse on the 2nd of April, informing she accepted a job at Goldman Sachs in New York.
“Pechi decided to steal confidential information from Credit Suisse and contact details she gathered during the time spent at Credit Suisse. She plans to use the data to compete with Credit Suisse and share them with her new employer, specifically targeting the Swiss bank’s clients, “said the complaint.
A spokesman for Goldman Sachs declined to comment, and Pechi could not be reached.
Funny thing is Goldman Sachs hasn’t been exempted from data thefts from ex-employees!
Stolen hardware, and particularly laptops, is still a very common cause for data breaches, especially when it comes to hospitals and other healthcare companies. Three recent incidents have all involved patient details being exposed to identity theft, fraud and other risks, after being taken together with laptops held in medical offices.
While in some cases the stolen portable computers happened to be password protected, none of them had been encrypted to better prevent access to stolen private records. Read more
A security breach exposing the data of over 1,200 patients has recently been disclosed by the University of Miami. The Miller School of Medicine patient data was stolen back in November 2011, together with a flash drive, when someone broke into a pathologist’s car and took the briefcase where the portable device was stored.
The flash drive contained details such as age, sex, diagnosis and treatment information for patients treated from 2005 to 2011, the University of Miami disclosed in a press release. No financial information or Social Security numbers had been stored on the drive, according to the same press release. Read more
A data breach affecting 1.8 million customers of two New York utilities companies has recently been made public by the New York State Public Service Commission. The investigation into this data breach was initiated after an employee from a third party IT company contracted by New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E) was given unauthorized access to the company’s databases.
It is not clear if accessing the customer databases had any malicious intent, both affected companies claiming there was no proof of any data having been misused as a consequence of the breach. But, to stay on the safe side, they have decided to send out notifications regarding the data access, as it exposed Social Security Numbers, dates of birth and financial account information, as shown in the official press release sent out by the NY Commission. Read more
When you are the lead artist of a security mishaps that ended up in a data breach affecting some 24 million people, consequences are bound to catch up with you. And they just have caught up with shoe retailer Zappos.com and the bigger online fish behind them, Amazon.com. The two companies are being sued by the customers affected by the data breach, being accused of negligence.
A woman from Texas seems to be the main promoter in this Kentucky lawsuit. She claims that she and millions of other customers were harmed by the exposure of their personal account information. Zappos and Amazon have not commented on the lawsuit as of earlier today. Read more
A data breach occurring at the Vacationland Vendors arcade games in Wisconsin Dells effected 40,000 credic and debit cards. The incident was caused by hackers who gained access to the card processing systems of the Wilderness Waterpark Resort in the Dells and Wilderness at the Smokies in Sevierville. The breach only affected the arcade systems, those using their credit cards for other services, such as reservations, eating at the resort restaurants or shopping for gifts have not been affected.
According to Vacationland Vendors, the hack was discovered on March 22, but it is believed that all cards used between December 12, 2008, to May 25, 2011. The good news is that the 40,000 cards exposed, company officials believe only 20 were actually impacted by the breach. Read more
As data storage devices get smaller and easier to carry, the chance of them being stolen or lost goes higher. Thumb drives, laptops, computers, everything shrinks, while storage capacity grows exponentially, great for productivity, awful for unencrypted data. While laptops and USB sticks have always been the easiest to steal or lose, it does not mean that the old fashioned desktop computers cannot share in the same fate.
The result of the following incidents? Exposed data affecting hundreds or thousands, making them perfect targets for identity theft or fraud. Another thing they have in common? You guessed it, they are all part of the healthcare industry! Most of these data breaches can be prevented and it’s a rather simple process. But let’s move on to our list of incidents! Read more
We have recently written quite a few pieces on hacking, hacker-caused data breaches, and other such incidents. As we kick off the week and this first month of fall, more pieces of news along the same line come to our attention.
Two students hacked into the Birdville Independent School District’s servers and ran across a file containing 14,500 student names, ID numbers as well as social security numbers.
Borlas.net was also the playground of hackers. After managing to access their files, the hackers responsible for the security breach also leaked names, passwords, emails and phone numbers of nearly 15,000 registered users. Read more
An investigation inside the Living Healthy Clinic of Wisconsin, US has revealed the existence of a virus on a computer in the network that exposed 3000 patient records.
The experts have concluded that the attack was not targeted, as it was reported that the same type of virus was found on other computers in the US that had nothing to do with the clinic.
The information exposed after the attack included names, addresses, social security numbers and medical records of some patients.
The officials will announce the affected persons on the security breach and they will inform them on the measures to take to protect themselves.
Hospitals, healthcare services providers, health insurance companies, all those operating in the healthcare segment seem to be particularly vulnerable to data breaches. Their patients and employees’ private details seem to be a frequent target for theft and easy to lose. It seems like this entire industry segment has no idea how to keep their data safe or how to properly dispose of it.
To recent incidents highlight this serious security issue affecting healthcare players. The first incident occurred at Texas Health Partners and Texas Health Flower Mound Hospital. A laptop was stolen from an employee of Texas Health Partners and it happened to contain private details about hospital patients. While the information was not encrypted, the laptop was at least password protected. The stolen notebook contained various details on patients, including name, addresses, medical history and lab test information. The number of affected patients has not yet been disclosed. Read more