Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Fed-hacking suspect who got CU access indicted
BROOKLYN, N.Y. (11/22/10)--A Malaysian man has been indicted in U.S. District Court in Brooklyn, N.Y., for allegedly hacking into the Federal Reserve's computers and accessing data from several entities, including credit unions and a credit union data processor. Lin Mun Poo, 32, was arrested after arriving in the U.S. on Oct. 12 and selling 30 active credit or debit cards to an undercover agent for $1,000. The indictment said he was in possession of more than 400,000 stolen credit and debit card numbers and noted he made a career of compromising computer servers at financial institutions, defense contractors and major corporations, and selling or trading the information (govinfosecurity.com Nov. 19). The computer network of the Federal Reserve Bank of Cleveland was hacked in June and affected at least 10 computers. June Gales, a spokesman for the bank, said the hacking incident involved a computer used for testing that was not hooked up to the Fed's live production system (Bloomberg Businessweek Nov. 18). Gales maintained that no data was compromised. Prosecutors said Poo gained access to several institutions, including the Firemen's Association of the State of New York and Mercer County New Jersey Teachers by hacking into FedComp Inc., a Fairfax, Va.-based data processor serving credit unions. However, Derrick Smith, president of FedComp, told Bloomberg that FedComp has never had credit card information breached. He said inclusion of FedComp may be related to an incident in 2007 involving a test platform that took test data. Poo, who is also charged with hacking into a Department of Defense contractor's computer system, faces up to 10 years in prison if convicted on all charges.
Other Resources

RSS





print
News Now LiveWire
#FinCEN seeks nominations of FIs, trade groups for membership on Bank Secrecy Act advisory group http://t.co/l5w58c277W
23 minutes ago
MI pediatric dentist pledges $20K match to Hurley Children's Hospital if it wins @CUDirect's 20 for 20 http://t.co/Eq2nIPm6jo
48 minutes ago
Kids learn budgeting with M&Ms http://t.co/SzXipTLX12
1 hours ago
Neb. #creditunions report widespread growth: 3Q review #NewsNow #system http://t.co/BavEljz15w
2 hours ago
Economic growth leaps in Nov, @ChicagoFed reports http://t.co/8Xo9lKLFf2
2 hours ago