RISKCHECK LATEST NEWS ON OPERATIONAL RISK - | www.benchmatrix.com
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
RISKCHECK April 2021 LATEST NEWS ON OPERATIONAL RISK explore@benchmatrix.com | www.benchmatrix.com © 2021 BenchMatrix. All rights Reserved
SUMMARY OF NEWS
1. List of data breaches and cyber attacks in 27. JPMorgan Staff Said A $1.1 Billion Deal
February 2021 – 2.3 billion records Might Be Corrupt. The Bank Sent The Money
breached Anyway.
2. Downtown Lowell bank robbed 28. Auckland money laundering: police arrest
3. Breach Clarity Data Breach Report: Week of 10, seize $10m in assets
March 1 29. FCMC fines ABLV Asset Management with
4. Fort Collins police searching for Wells Fargo EUR 57,217 for breaches of AML/CTPF laws
bank robbery suspect 30. Suspect sought in Riverside bank robbery
5. Fraudulent websites related to Bank of China 31. Danske Faces Long Road Back as Fine From
(Hong Kong) Limited Probes Seen Hitting $1 Billion
6. Indian Bank reports 3 fraudulent accounts 32. OneSavings Bank reveals suspected £28.6m
7. Man robbed six Arizona banks to pay off fraud
Mexican cartel debt, police say 33. FIR against firm for bank fraud of Rs 555.65
8. ATM Stolen from Royal Farms, Thieves Switch crore
Cars During Police Pursuit 34. Police Follow Debris to Suspects After ATM
9. Exclusive: U.S. blocked Myanmar junta Stolen Using Chains and Flatbed Truck
attempt to empty $1 billion New York Fed 35. Ikea France on trial over claims it spied on
account - sources staff, clients
10. FIA busts int’l gangs behind telecom frauds 36. UBS Faces $3.6 Billion Bill Even as French
11. Suspects steal ATM from convenience store in Seek Tax-Fine Cut
Tacony 37. Westpac NZ found to have breached
12. Flagstar Bank customer data breached mismatch ratio requirements
through Accellion hack 38. YPD: Chase bank robbery suspect admits to
13. Trinidad & Tobago: FIU uncovers $27B in crimes
suspicious transactions 39. Punjab & Sind Bank declares IL&FS account
14. Audit report accuses Sindh govt of as fraud with Rs 399 crore outstanding
committing Rs9.2bn ‘fraud’ 40. CBI conducts searches at over 100 places in
15. Land Bank slaps suspended Daybreak CEO 11 states, UTs; registers 30 cases of bank
with R3.5m penalty fraud
16. US hackers tap into 150,000 cameras at 41. FBR reduces penalty rates for late filers
banks, jails, Tesla 42. Two Toronto police officers injured, two
17. Manager killed in Peshawar bank robbery suspects in custody after bank robbery in
18. Alleged Oil Diversion: Nigerian court Mimico
declines to unfreeze Shell’s bank accounts 43. U.N. monitors backtrack on Yemen money-
19. International gang robbed Czech banks of laundering accusations – document
CZK 1.4 billion 44. Fraudsters steal record £479m from phone
20. Identity security firm Sontiq has acquired and text scam victims in UK
data breach intelligence firm Breach Clarity
to gain use of its BreachIQ platform.
21. Police bust bank robber’s gang, recover
Rs10m
22. Global Fund indicts, blacklists Nigerian firm
over alleged $3 million fraud
23. 28-year sentence for Saudis and expats in a
$182 million corruption case
24. Ireland: ‘Significant arrest’ of recruiter and
account controller in €10m fraud
25. FCA charges major bank with violating
Money Laundering Regulations 2007
26. Two security guards injured during North
Karachi bank robbery
© 2021 BenchMatrix. All rights Reserved 2OPERATIONAL RISK NEWS
List of data breaches Fort Collins police Man robbed six Arizona
and cyber attacks in searching for Wells banks to pay off
February 2021 – 2.3 Fargo bank robbery Mexican cartel debt,
billion records breached suspect police say
Mar 01st, 2021 - Mar 03rd, 2021 - The Fort Mar 04th, 2021 - PHOENIX
The cyber security industry Collins police are searching — A man is in custody after
was rocked in February after for a suspect in connection he allegedly admitted to
a ransomware attack against with a Tuesday bank robbing six Arizona banks
the Cloud service provider robbery. According to a over the past month, telling
Accellion. Dozens of release from the Fort Collins police he was trying to pay
organisations that used the Police Services.…......... off a debt owed to a
software reported Read full story Mexican cartel.……. Read
incidents......….. Read full full story
story
Fraudulent websites
related to Bank of China ATM Stolen from Royal
Downtown Lowell bank (Hong Kong) Limited Farms, Thieves Switch
robbed Mar 03rd, 2021 - The Hong Cars During Police
Mar 01st, 2021 - LOWELL — Kong Monetary Authority Pursuit
A police canine joined a (HKMA) wishes to alert Mar 05th, 2021 - On Friday,
search for a man who members of the public to a March 5, 2021, at
demanded cash as he press release issued by Bank approximately 4:00 a.m.
robbed the TD Bank on of China (Hong Kong) Limited Eastern District officers from
Central Street in downtown on fraudulent websites, which the Anne Arundel County
Lowell on Monday afternoon has been reported to the Police Department responded
before fleeing on foot......….. HKMA....…. Read full story for an alarm at the Royal
Read full story Farms.......... Read full story
Indian Bank reports 3
Breach Clarity Data fraudulent accounts Exclusive: U.S. blocked
Breach Report: Week of Mar 04th, 2021 - Indian Myanmar junta attempt
March 1 Bank reported three to empty $1 billion New
Mar 03rd, 2021 - Each week nonperforming accounts as York Fed account -
Breach Clarity compiles a list fraudulent to the Reserve sources
of what it considers to be Bank of India. In a March 4 Mar 05th, 2021 - Myanmar’s
notable data breaches— news release, the bank said military rulers attempted to
those that are worth S Kumars Nationwide Ltd., move about $1 billion held at
highlighting because of the Priya Ltd. and Yuvaraj Power the Federal Reserve Bank of
increased intensity of the risk Projects Ltd. diverted New York days after seizing
to personal information.....…. power on Feb. 1, prompting
Read full story funds............. Read full
U.S. officials.….. Read full
story story
© 2021 BenchMatrix. All rights Reserved 3OPERATIONAL RISK NEWS
FIA busts int’l gangs Trinidad & Tobago: FIU US hackers tap into
behind telecom frauds uncovers $27B in 150,000 cameras at
Mar 07th, 2021 - suspicious transactions banks, jails, Tesla
Islamabad: The Federal Mar 09th, 2021 - A total of Mar 10th, 2021 - A US
Investigation Agency (FIA) 1,831 Suspicious Transaction hacker collective on Tuesday
has busted international and Suspicious Activity claimed to have tapped into
gangs hailing from different reports worth $27 billion footage from 150,000
countries of the world were received over 2019 to security cameras at banks,
involved in depriving 2020 by the Financial jails, schools, carmaker Tesla
unsuspecting citizens of their Intelligence Unit of Trinidad and other sites to expose “the
valuable assets and cash and Tobago – the most it has surveillance state.” Images
worth millions, the FIA received in its 10-year captured.……. Read full story
sources told ‘The history..…......... Read full
News’......….. Read full story story
Manager killed in
Peshawar bank robbery
Suspects steal ATM from Audit report accuses Mar 10th, 2021 -
convenience store in Sindh govt of PESHAWAR: Branch
Tacony committing Rs9.2bn manager of a local bank was
Mar 07th, 2021 - ‘fraud’ killed and its cashier
PHILADELPHIA (WPVI) -- Mar 10th, 2021 - KARACHI: sustained injuries during an
Philadelphia police are The director general of Sindh armed robbery in Chamkani
looking for two men who Audit, Miandad Rahoojo, on area on the outskirts of the
stole an ATM from a business Tuesday called on Governor city on Tuesday, the police
in the Tacony section of the Imran Ismail and presented said.......... Read full story
city......….. Read full story him the audit report of the
provincial departments for
the year 2020-21 and the Alleged Oil Diversion:
Flagstar Bank customer special audit report....…. Nigerian court declines
data breached through Read full story to unfreeze Shell’s bank
Accellion hack accounts
Mar 08th, 2021 - Flagstar Mar 10th, 2021 - A federal
Bank has been added to a Land Bank slaps court in Lagos Tuesday turned
list of companies breached suspended Daybreak down an application to
due to an Accellion software CEO with R3.5m penalty vacate an interim injunction it
zero-day vulnerability. The Mar 10th, 2021 - In January granted last month directing
bank, headquartered in he was abruptly suspended 20 Nigerian banks to block
Michigan, is a Flagstar as chief executive of the the accounts of Shell
Bancorp, subsidiary and poultry producer midway Petroleum Development
provides mortgages and through his five-year contract, Company of Nigeria (SPDC)
other financial services to US and now he’s been slapped and its subsidiaries..…..
customers.....…. Read full with a R3.5 million Read full story
story penalty............. Read full
story
© 2021 BenchMatrix. All rights Reserved 4OPERATIONAL RISK NEWS
International gang Global Fund indicts, FCA charges major
robbed Czech banks of blacklists Nigerian firm bank with violating
CZK 1.4 billion over alleged $3 million Money Laundering
Mar 8th, 2021 - fraud Regulations 2007
An international gang has Mar 14th, 2021 - Nigerian Mar 16th, 2021 - On March
reportedly robbed two Czech firm, Zenith Carex, has been 16, 2021, the Financial
banks and an insurance blacklisted by Global Fund Conduct Authority announced
company of CZK 1.4 billion, for an alleged $3 million that criminal proceedings
using fictitious steel trades, fraud. Zenix was accused of had been commenced
the Czech News Agency systematically inflating against London-based
reported......….. Read full invoices for the distribution of National Westminster Bank
story health commodities to Plc (NatWest) for allegedly
warehouses and health mishandling a customer's
facilities throughout account.……. Read full story
Sontiq acquires Breach Nigeria..…......... Read full
Clarity to deploy story
analysis tech Two security guards
Mar 11th, 2021 - Identity injured during North
security firm Sontiq has 28-year sentence for Karachi bank robbery
acquired data breach Saudis and expats in a Mar 17th, 2021 - Two
intelligence firm Breach $182 million corruption security guards were injured
Clarity to gain use of its case after two robbers opened fire
BreachIQ platform. Following Mar 15th, 2021 - Two Saudi at them during a robbery at
the deal all of Sontiq’s citizens have been sentenced the MCB bank in North
products – IdentityForce, to 28 years in jail and fined Karachi, the police said
Cyberscout, and EZShield – up to $3.47 million after an Wednesday morning..........
will feature BreachIQ as investigation revealed an Read full story
standard......….. Read full organized crime gang
story laundering money
overseas....…. Read full story JPMorgan Staff Said A
$1.1 Billion Deal Might
Police bust bank Be Corrupt. The Bank
robber’s gang, recover Ireland: ‘Significant Sent The Money
Rs10m arrest’ of recruiter and Anyway.
Mar 13th, 2021 - account controller in Mar 17th, 2021 - It looked
RAWALPINDI - Police €10m fraud probe like a major windfall for
arrested six-members of a Mar 16th, 2021 - Gardai Nigeria's taxpayers, more
gang involved in bank have described the arrest of than half of whom were
robbery and recovered more a man as “extremely living in “absolute poverty.”
than Rs10 million cash from significant” as they aim to Two giant energy companies
their possession, informed dismantle an organised crime were offering more than $1
police spokesman on gang involved in laundering billion to drill oil on a strip of
Friday.....…. Read full story over €10m of invoice re- ocean just off the country’s
direct fraud funds through coast..….. Read full story
Irish bank accounts.............
Read full story
© 2021 BenchMatrix. All rights Reserved 5OPERATIONAL RISK NEWS
Auckland money Danske Faces Long Police Follow Debris to
laundering: police arrest Road Back as Fine From Suspects After ATM
10, seize $10m in assets Probes Seen Hitting $1 Stolen Using Chains and
Mar 17th, 2021 - Billion Flatbed Truck
Police have arrested 10 Mar 18th, 2021 - It will be Mar 21st, 2021 - Two men
people in Auckland as part years before Danske Bank are in custody Sunday for
of an investigation into A/S is fully rehabilitated from allegedly snatching an ATM
money laundering. Detective the shock of one of Europe’s machine in West Covina with
Inspector Lloyd Schmid said most spectacular money- the use of chains and a
12 warrants were carried out laundering scandals, flatbed truck.……. Read full
by the Financial Crime according to its chairman, story
Group......….. Read full story Karsten Dybvad..….........
Read full story
Ikea France on trial
FCMC fines ABLV Asset over claims it spied on
Management with EUR OneSavings Bank staff, clients
57,217 for breaches of reveals suspected Mar 22nd, 2021 - Ikea’s
AML/CTPF laws £28.6m fraud French subsidiary and
Mar 17th, 2021 - RIGA - The Mar 19th, 2021 - several of its executives went
Financial and Capital Market OneSavings Bank has on trial Monday over
Commission (FCMC) has delayed its results after accusations that they illegally
imposed a fine of EUR disclosing that it has been the spied on employees and
57,217 on ABLV Asset victim of a suspected £28.6 customers......... Read full
Management for breaches of million fraud by a corporate story
anti-money laundering and customer....…. Read full story
counter-terrorism and
proliferation financing UBS Faces $3.6 Billion
(AML/CTPF) laws, the FIR against firm for Bill Even as French Seek
regulator informed bank fraud of Rs Tax-Fine Cut
LETA......….. Read full story 555.65 crore Mar 23rd, 2021 - French
Mar 20th, 2021 - The CBI prosecutors and lawyers for
today said it had registered a the government said UBS
Suspect sought in case against Himachal Group AG should be ordered
Riverside bank robbery Pradesh-based Indian to pay 3 billion euros ($3.6
Mar 19th, 2021 - The robber Technometal Company Ltd billion) — 33% less than the
walked into a BMO Harris and its directors for an original judgment — for
Bank branch at 9101 alleged fraud of Rs 555.65 allegedly helping French
Cermak Ave. and handed a crore towards a consortium clients hide money from the
note to a teller demanding of banks led by the erstwhile nation’s tax authorities..…..
money and threatening a Corporation Bank............. Read full story
weapon, according to the Read full story
FBI.....…. Read full story
© 2021 BenchMatrix. All rights Reserved 6OPERATIONAL RISK NEWS
Westpac NZ found to CBI conducts searches at U.N. monitors backtrack
have breached over 100 places in 11 on Yemen money-
mismatch ratio states, UTs; registers 30 laundering accusations
requirements cases of bank fraud – document
Mar 24th, 2021 - Mar 25th, 2021 - The Central Mar 30th, 2021 -
The Reserve Bank (RBNZ) has Bureau of Investigation(CBI) Independent U.N. sanctions
ordered Westpac New on Thursday conducted monitors have withdrawn
Zealand to hold more cash searches at more than 100 accusations against Yemen’s
and get two independent places across India in government of money-
reports over concerns about connection with more than laundering and corruption
the bank's compliance with 30 cases of bank fraud that they said “adversely
liquidity rules......….. Read amounting to over Rs 3700 affected” access to food
full story crores..…......... Read full supplies in a country on the
story brink of famine, a document
showed.……. Read full story
YPD: Chase bank
robbery suspect admits FBR reduces penalty
to crimes rates for late filers Fraudsters steal record
Mar 24th, 2021 - YUMA, Mar 26th, 2021 - KARACHI: £479m from phone and
Ariz. (KYMA, KECY) - We're The Federal Board of text scam victims in UK
learning new details about a Revenue (FBR) has introduced Mar 31st, 2021 - Fraudsters
Yuma man accused of different reduced rates of used the coronavirus
robbing two banks in less penalty on filing of income pandemic to steal a record
than two weeks......….. tax returns after due date, £479m from almost 150,000
Read full story sources said on victims in 2020.......... Read
Thursday....…. Read full story full story
Punjab & Sind Bank
declares IL&FS account Two Toronto police
as fraud with Rs 399 officers injured, two
crore outstanding suspects in custody after
Mar 25th, 2021 - Public- bank robbery in Mimico
sector Punjab & Sind Bank on Mar 26th, 2021 - TORONTO
Thursday said it has declared -- Two Toronto police officers
its IL&FS NPA account with are in hospital after they
Rs 399 crore outstanding were injured while
loan as fraud and has responding to a bank
reported it to the Reserve robbery in Mimico Friday
Bank.....…. Read full story evening............. Read full
story
© 2021 BenchMatrix. All rights Reserved 7ABOUT BENCHMATRIX CONTACT US
BenchMatrix Private Limited is a Head Office, Bahrain
Management Consultancy and Office 61, Building 3358,
Financial Solutions firm specialized in Road 2845, Seef 428,
providing innovative, practical, and Kingdom of Bahrain
comprehensive solutions to its valuable waqas.alam@benchmatrix.com
clients. BenchMatrix is strengthened by +973 3513 9689
renowned senior executives of the
industry who have international Pakistan Office
working experience with global 3rd Floor, Lakson Square Building
brands. We believe in understanding No.3,
the complex needs of clients and Sarwar Shaheed Road,
delivering them tailor made solutions Karachi, Pakistan.
for their organizations. taimur.kaleem@benchmatrix.com
+92 332 5432689
RISKCHECK Canada Office
53 Village Center Place,
Mississauga, ON, Canada
RiskCheck Operational Risk newsletter noman.Zahid@benchmatrix.ca
is published monthly. It keeps you +1 (647) 546-1985
abreast with the latest news, events and
external risk exposures which could UAE Office
potentially impact your organization. Business Centre, Building C,
Both national as well as international 3rd Floor, Dubai Logistics City,
potentially high risk events are covered United Arab Emirates
in this newsletter. asad.ali@benchmatrix.com
+971 50 8508325
Click here to subscribe
Kingdom of Saudia Arabia Office
For more information, please contact: Abdulaziz Alkhuraijy, Alzahra District,
Jeddah
Tel: (+92 21) 3562-0945 sultan.malki@benchmatrix.com|
Email: explore@benchmatrix.com +966 55 031 3461
Kuwait Rep Office
Sources: Reuters, New York Times, The
International News, BBC, Dawn News,
nadeem.mukaddam@benchmatrix.com
Business Recorder, Tribune, The Nation, +965 9406 7607
American Banker, Belleville News-
Democrat, Bank for International
Settlements, Harvard Business Review,
Federal Reserve, Telegraph, Norman
Transcript, Indian Express, Buffalo News,
US news, Ottawa Citizen, LA Times,
Chicago Tribune and ABC.
Liability clause: All the information in this newsletter is published in good faith and for general information purpose only. We do not
make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information in
our newsletter is strictly at your own risk and we will not be liable for any losses and damages in connection with the use of our
newsletter.You can also read
