Tag: bank data theft

Banks not giving money away, at least not yet

By now everyone has heard how a bunch of major banks were duped by fraudsters. For those that haven’t Bank of America, Wachovia, Commerce Bank, and PNC were all caught with their pants down when one Orazio Lembo, whom the banks were selling customer data to, turned out to be a swindler instead of a collection agent.

Yes, I said, collection agent.
(more…)