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Groucho's Investment Club: Membership Has Rewards

Review the April Fool’s Day 2008 Balance Sheet of the American Economy (Unmanageable Loss. Manageable Catastrophe. New Mortgage News, April 1, 2008). It predicts systemic bank failures. That means that it predicts that many banks will fail. This wor read more »
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ISR News: WorldPay (CORRECTION: NOT PROPAY) Suffers $9M Heist

ATM heist last November resulted in a one-day haul of $9 million in cash, after a hacker penetrated a server at payment processor RBS WorldPay...
(CORRECTING EARLIER POST ON INFORMATION-SECURITY-RESOURCES.COM - WorldPay NOT ProPay) read more »
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Plan Orange: The Mortgage Crisis Killed Quickly

Then ask yourself: Is it possible our property market can deteriorate by 40% and no systemic bankruptcy follows? Is the bubble’s very definition homeowners taking on debt they cannot afford — to buy houses priced for a Ponzi flip? Where is that... read more »
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Heartland Payment Systems Data Breach Hits Local Banks

“The consumers get mad at the bank for something that’s not their fault,” he said. “They place responsibility on (banks) for a breach at a processor in some other state used by a vendor where the customer used their card, but at the end of the day.. read more »
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Bad Economy Spurs Increase In Cyber-Scams

The boom in cyberthreats that occurred during the last three months of 2008 could accelerate, especially if the economy continues to falter, security specialists say. Organized cybercrime groups have become increasingly efficient at assembling... read more »
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Fannie Mae Logic Bomb Threat Thwarted

A logic bomb allegedly planted by a former engineer at mortgage finance company Fannie Mae last fall would have decimated all 4,000 servers at the company, causing millions of dollars in damage and shutting down Fannie Mae for a least a week, prosec read more »
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Did Heartland (HPY) CEO Make Insider Stock trades Trades? (Chart)

The date they settle on may well be the difference between market serendipity and an SEC investigation for insider trading, as an examination of stock sales made by Heartland CEO Robert O. Carr in the second half of 2008 raises some serious question read more »
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Class Action Lawsuit Filed for Heartland Data Breach

This is a class action lawsuit brought on behalf of Plaintiff, individually, and on behalf of similarly situated consumers or entities whose credit and/or debit card number(s), expiration date(s), internal bank codes, personal identifying informat.. read more »
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Top 10 Confidential Data Breaches of 2008

UPDATE: The estimated number of people affected by a data breach at Bank of New York Mellon Corp has been raised from 4.5 million to 12.5 million. As many as 4.5 million customer records are thought to be compromised. Raised from 4.5 million to 12.5 read more »
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4.5 Million Brits Exposed By Monster.com

Hackers accessed the confidential information of job seekers registered with Monster.co.uk and now hold electronic copies of their user names, passwords, telephone numbers and email addresses. read more »
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Social Networks Under Attack

According to a report from MessageLabs Intelligence, which specialises in the analysis of messaging security issues and threats, a popular tactic in 2008 among cyber criminals involved the creation of fictitious accounts on social networking sites. read more »
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Facing the Information Security Hole in 2009

It is now widely acknowledged by security experts from the federal government on down that the problem of data security breaches will get worse as the financial debacle worsens and companies cut spending and workers. Finally, there is growing awaren read more »
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Heartland CEO: Data Breach as Bad as Tylenol Poisonings

Heartland Payment Systems stock (HPY) was hit hard in the wake of what is being described as the biggest single breach of consumer and financial data[...] read more »
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Monster Breach at Monster.com Hits Job Seekers

We continue to devote significant resources to ensure Monster has appropriate security controls in place to protect our infrastructure, and while no [...] read more »
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Bad Career Change: Hi-Tech Bank Robbery

“The attempt was made by surreptitiously entering the bank at night, by corrupting its computer system and by attempting to electronically transfer m[...] read more »
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