Daily Report
Top Stories
· Latour
Trading LLC agreed to pay $16 million in penalties to resolve U.S. Securities
and Exchange Commission charges that the high-frequency trading firm violated
net capital rules during a 2-year period. – U.S. Securities and Exchange
Commission See item 6 below in the Financial Services Sector
· Metropolitan
St. Louis Sewer District officials announced September 17 that no public threat
was found after a water main break dumped 11 million gallons of sewage in the
Chesterfield area, some of which reached the Missouri River September 8. – Associated
Press
17.
September 17, Associated Press –
(Missouri) Main break dumps 11 million gallons of sewage. Metropolitan
St. Louis Sewer District officials announced September 17 that no public threat
was found after a water main break dumped 11 million gallons of sewage in the
Chesterfield area, some of which reached the Missouri River September 8.
Authorities concluded that most of the sewage went upstream away from drinking
water intakes. Source: http://www.wral.com/main-break-dumps-11-million-gallons-of-sewage/13990290/
· The attorney
general of Virginia announced a lawsuit September 16 seeking $1.15 billion in
damages from 13 banks for their alleged roles in fraudulently misleading the
Virginia Retirement System from 2004 to 2010. – Washington Business Journal
20.
September 16, Washington Business Journal –
(Virginia) Virginia attorney general sues 13 banks for fraud. The
attorney general of Virginia announced a lawsuit September 16 seeking $1.15
billion in damages from 13 banks for their alleged roles in fraudulently
misleading the Virginia Retirement System from 2004 to 2010, forcing the State
to sell most of the securities built on junk mortgages causing a loss of $383
million. Source: http://www.bizjournals.com/washington/news/2014/09/16/virginia-attorney-general-sues-13-banks-for-fraud.html
· Orange
County, California-based Corinthian Colleges Inc. was sued by the U.S. Consumer
Financial Protection Bureau September 16 for allegedly deceiving tens of
thousands of students by operating an illegal lending scheme. – Los Angeles
Times
21.
September 16, Los Angeles Times –
(National) Feds sue Corinthian Colleges, alleging predatory lending. Orange
County-based Corinthian Colleges Inc. was sued by the U.S. Consumer Financial
Protection Bureau September 16 for allegedly deceiving tens of thousands of
students by operating an illegal lending scheme. The for-profit college
operator’s plan forced students to take out private loans costing more than
$500 million since July 2011 after raising tuition above federal aid limits.
Source: http://www.latimes.com/la-fi-corinthian-colleges-sued-by-consumer-financial-protection-bureau-20140916-story.html
Financial Services Sector
6. September 17, U.S. Securities and
Exchange Commission – (New York) SEC charges
N.Y.-based high frequency trading firm with violating net capital rule for
broker-dealers. Latour Trading LLC agreed to pay $16 million in penalties
September 17 to resolve U.S. Securities and Exchange Commission charges that
the high-frequency trading firm violated net capital rules on 19 of 24
reporting dates during a 2-year period. The chief operating officer when the
violations occurred also agreed to pay $150,000 in the settlement. Source: http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542972403
7. September 16, KrebsOnSecurity – (National) Breach at Goodwill vendor lasted 18 months.
Payment vendor C&K Systems stated that its hosted managed services
systems were found by investigators to be compromised between February 10, 2013
and August 14, 2014, allowing the installation of the infostealer.rawpos point
of sale (PoS) malware that led to payment card breaches from over 330 Goodwill
retail locations. The malware infection was not detected by the company’s
systems until September 5 and affected Goodwill and two other customers.
Source: http://krebsonsecurity.com/2014/09/breach-at-goodwill-vendor-lasted-18-months/
8. September 16, Middletown Press – (Connecticut) Man admits role in mortgage fraud in
Middlesex, area counties. A Newington man pleaded guilty September 15 to
his role in a mortgage fraud scheme that used straw buyers and fraudulent
documents to obtain mortgages for around 50 properties in Hartford, New Haven,
and Middlesex counties, causing around $5.6 million in losses to lenders.
Source: http://www.middletownpress.com/general-news/20140916/man-admits-role-in-mortgage-fraud-in-middlesex-area-counties
9. September 16, U.S. Securities and
Exchange Commission – (International) SEC charges IT
employee at law firm with insider trading ahead of merger announcements. The
U.S. Securities and Exchange Commission September 16 charged a senior
information technology professional at law firm Wilson Sonsini Goodrich &
Rosati with allegedly engaging in insider trading using information from
client-related databases to make over $300,000 in illicit profits using a
brokerage account held in the name of a relative in Russia. The U.S. Attorney’s
Office for the Southern District of New York also filed criminal charges
against the man in a parallel action. Source: http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542965393
For additional stories, see items 20 and 21 below
from the Government Facilities Sector
20. September
16, Washington Business Journal – (Virginia) Virginia attorney
general sues 13 banks for fraud. The attorney general of Virginia announced
a lawsuit September 16 seeking $1.15 billion in damages from 13 banks for their
alleged roles in fraudulently misleading the Virginia Retirement System from
2004 to 2010, forcing the State to sell most of the securities built on junk
mortgages causing a loss of $383 million. Source: http://www.bizjournals.com/washington/news/2014/09/16/virginia-attorney-general-sues-13-banks-for-fraud.html
21. September
16, Los Angeles Times – (National) Feds sue Corinthian Colleges,
alleging predatory lending. Orange County-based Corinthian Colleges Inc.
was sued by the U.S. Consumer Financial Protection Bureau September 16 for
allegedly deceiving tens of thousands of students by operating an illegal
lending scheme. The for-profit college operator’s plan forced students to take
out private loans costing more than $500 million since July 2011 after raising
tuition above federal aid limits. Source: http://www.latimes.com/la-fi-corinthian-colleges-sued-by-consumer-financial-protection-bureau-20140916-story.html
Information Technology Sector
26. September 17, Securityweek – (International) Twitter fixes vulnerability
potentially impacting company’s ad revenue. A security researcher
identified and reported a vulnerability in a Twitter subdomain that could be
used to delete the payment card information used by advertisers to pay for ads
on the social media network. Twitter addressed the vulnerability and awarded a
$2,800 bounty to the researcher. Source: http://www.securityweek.com/twitter-fixes-vulnerability-potentially-impacting-companys-ad-revenue
27. September 17, Securityweek – (International) Amazon fixes persistent XSS
vulnerability affecting Kindle library. Amazon addressed a cross-site
scripting (XSS) vulnerability on the Amazon Web page used to manage users’
Kindle libraries that could be used by an attacker to inject malicious code
through eBook metadata. Source: http://www.securityweek.com/amazon-fixes-persistent-xss-vulnerability-affecting-kindle-library
28. September 17, Help Net Security – (International) Macro based malware is on the rise. Researchers
with Sophos found that macro-based malware created in Visual Basic rose from
around 6 percent of document malware to 28 percent in July, among other
findings. Source: http://www.net-security.org/malware_news.php?id=2867
29. September 16, Threatpost – (International) Adobe gets delayed Reader update out
the door. Adobe released new versions of Adobe Reader and Acrobat September
16 that were delayed during Adobe’s scheduled patch release the week of
September 8. The updates close eight vulnerabilities including two memory
corruption issues and a cross-site scripting (XSS) vulnerability affecting
Macintosh users. Source: http://threatpost.com/adobe-gets-delayed-reader-update-out-the-door
30. September 16, Threatpost – (International) Archie exploit kit targets Adobe,
Silverlight vulnerabilities. Researchers at AlienVault Labs analyzed a new
exploit kit first identified by EmergingThreats researchers and found that the
Archie exploit kit attempts to exploit older versions of Adobe Flash, Reader,
and Microsoft Silverlight and Internet Explorer. Source: http://threatpost.com/archie-exploit-kit-targets-adobe-silverlight-vulnerabilities
Communications Sector
Nothing
to report
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