Tuesday, June 17, 2008

Daily Report

• According to the Associated Press, investigations of security practices at Cook Nuclear Plant have led to the suspensions of six people who work at the facility due to inattention and inappropriate use of security cameras. The Herald-Palladium reports that those suspended include three American Electric Power Co. workers and three Wackenhut employees. (See item 9)

• The Indianapolis Star reports that the state of Indiana had repeatedly warned the owners of four dams damaged by this month’s storms that the structures were deficient, but the owners never made the necessary repairs. When no repairs were made, none of the listed owners met with penalties from the Indiana Department of Natural Resources. (See item 47)

Banking and Finance Sector

14. June 15, Kalamazoo Gazette – (Michigan) Officials starting to look for foreclosure irregularities. Some city and Kalamazoo County, Michigan, officials, as well as local housing-industry representatives will begin reviewing recently foreclosed properties to look for irregularities, the Kalamazoo County treasurer said. The official said the group began meeting last month to find ways to help residents displaced by foreclosure. Now the group plans to expand its mission and look for patterns such as those uncovered by a Kalamazoo Gazette investigation of a suspect’s foreclosures that may point to mortgage fraud. The group will develop a protocol for staff to follow to report suspicious activity, such as a string of overpayments or foreclosures, he said. Nationally, reports of mortgage fraud increased six fold between 2002 and 2006, to more than 35,600, the FBI reported. Michigan last year ranked third among states for reports of mortgage fraud, according to the Mortgage Asset Research Institute. Source: http://www.mlive.com/news/kzgazette/index.ssf?/base/news-29/1213503629320620.xml&coll=7&thispage=1

15. June 15, Star-Tribune – (Minnesota) Nothing left but bank’s bad name. A bank headquartered in Staples, Minnesota, looked far from home for new business. But deals flopped for investors, who stopped making payments to First Integrity. Federal regulators closed down the bank two weeks ago. The bank suffered millions in losses. Lawyers for First Integrity officers deny accusations of self-dealing, breach of contract, securities fraud and mismanagement of real estate investments. Source: http://www.startribune.com/business/19911374.html?location_refer=Homepage

16. June 15, Associated Press – (National) U.S. authorities seek assistance from Switzerland in UBS tax case. The U.S. tax authorities have asked Switzerland to help in their investigation of UBS, a spokesman for the Swiss federal prosecutor’s office said Sunday. Switzerland is now examining whether it can assist in the request, said a spokesman. He declined to provide details about the request, which arrived Wednesday. A former UBS executive has been charged with conspiring to defraud the United States by helping wealthy clients hide assets and evade taxes. The case led the U.S. Justice Department to investigate whether the bank itself had helped U.S. clients evade taxes from 2000 to 2007. Swiss law prevents banks from divulging the names and details of their clients except in cases of tax fraud. Tax evasion is not considered sufficient grounds for legal assistance. The U.S. investigation has already affected the Swiss bank’s operations in the United States, where it manages about $704 billion for rich American clients. The Swiss media have reported that UBS was concerned its employees could face arrest if they travel to the United States. The bank has declined to comment on the reports. Source: http://www.iht.com/articles/2008/06/15/business/ubs.php

17. June 14, Associated Press – (New Hampshire) TD Banknorth warning of e-mail scam. TD Banknorth is warning customers about an e-mail scam that could infect computers. The e-mail messages say they are from TD Banknorth’s President and Chief Executive Officer. They ask for personal information. The bank says clicking on a link in the note probably infects a customer’s computer with a program that sends their information to the hacker. Source: http://www.wcax.com/Global/story.asp?S=8491244&nav=menu183_16_6

18. June 13, Chicago Tribune – (National) FBI stepping up efforts to combat mortgage fraud. The Federal Bureau of Investigation (FBI) has ordered more than two dozen of its field offices, including two in Illinois, to stop probing some financial crimes so agents can focus on mortgage fraud. The chief of the criminal investigative division issued the directive last week during a conference call with the heads of 26 offices in areas where mortgage crime is rampant, said an FBI spokesman in Washington. The shift comes after an analysis was conducted of how agents were spending their time. In recent years, the FBI has shifted resources away from financial crimes to concentrate on homeland security issues. The affected FBI offices are in Illinois, Florida, Georgia, California, Nevada, Arizona, Texas, New York, Ohio, Michigan, Indiana and Minnesota. Source: http://www.chicagotribune.com/business/chi-fri-fbi-mortgage-fraud-jun13,0,7052957.story

Information Technology

39. June 15, ComputerWorld – (National) Microsoft snafu blocks enterprise patching. Microsoft Corp. confirmed late Friday that enterprise administrators using one of its patch-distribution tools have not been able to install last week’s security updates. The company offered a work-around and said it is working on a fix. Only corporate administrators using System Center Configuration Manager (ConfigMgr) 2007, which itself was just updated to Service Pack 1 (SP1), are affected, and only those systems running System Management Server (SMS) 2003 client software refuse to update. “The impact of this issue is that customers in this configuration cannot deploy the June 2008 security updates to their SMS 2003 clients.” Source: http://www.computerworld.com/action/article.do?command=viewArticleBasic&taxonomyName=security&articleId=9098078&taxonomyId=17&intsrc=kc_top

40. June 15, TechWorld – (National) Insider threat exaggerated, study says. Verizon’s 2008 Data Breach Investigations Report, which looked at 500 breach incidents over the last four years, contradicts the growing orthodoxy that insiders, rather than external agents, represent the most serious threat to network security at most organizations. Seventy-three percent of the breaches involved outsiders, 18 percent resulted from the actions of insiders, with business partners blamed for 39 percent – the percentages exceed 100 percent due to the fact that some involve multiple breaches, with varying degrees of internal or external involvement. “The relative infrequency of data breaches attributed to insiders may be surprising to some. It is widely believed and commonly reported that insider incidents outnumber those caused by other sources,” the report states. Nevertheless, the report cautions from using the statistics to dismiss the internal threat altogether. When internal or partner security compromises happen, they tend to involve greater amounts of data. Where data loss was involved, external security breaches resulted in a media of 30,000 records being compromised, some way behind the figure for internal breaches, at 375,000. Source: http://www.pcworld.com/businesscenter/article/147098/insider_threat_exaggerated_study_says_.html

Communications Sector

41. June 16, WHAG 25 Hagerstown – (Pennsylvania) Cell phone tower dispute in Blue Ridge Summit. A proposed cell phone tower is at the center of a heated debate in Blue Ridge Summit, Pennsylvania. The ongoing public hearing will continue Monday. Washington Township supervisors delayed the hearings so they could consult with real estate and cell phone tower experts. Some residents are worried about the tower’s proposed location and the impact it could have on the history of Blue Ridge Summit Source: http://your4state.com/content/fulltext/?cid=17881

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