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Articles tagged with: bank of america

Foursquare Hits 10 Million Users

LinkedIn India wasn’t the only group celebrating 10 million users. Foursquare also hit a 10 million user base on the same day. Whoa, talk about a coincidence. Foursquare celebrated by creating an interactive map, showing a series of colorful dots that had slowly spread around the globe.

Each one of those dots represented a user and the growth of the company, which has just passed its second birthday. Okay, so you may be thinking, who celebrates a 10 million user-base with a silly map?

Four Men Caught In $1.5 Million Skimming Operation

According to PCWorld, three Romanian men and one Austrian man were indicted on Monday by U.S. federal prosecutors. The four men stole over 1.5 Million U.S. dollars by cloning payment cards with stolen account information. The men are charged with skimming (recording account details from the magnetic stripe of payment cards while capturing a person’s PIN by using fake overlays on the number pads.

Accounts were targeted at Citibank, and JP Morgan Chase between March 2010 and May 2011. The affected cities included New York, Miami, and Chicago. The four stole about $110,000 per month over those fourteen months, perhaps splitting it four ways at about $27,000 each, per month ($324,000 individual ‘salary’).

Bank Of America Employee Leaks Data To Scammers

Andrew Goldstein has been a Bank of America customer for over 40 years. Goldstein learned the other day that a Bank of America (BofA) employee leaked confidential information about his and hundreds of other customers accounts to scammers. The result? Over $10 million in losses.

Goldstein had his checking account drained of over $20,000 in a matter of hours. According to the Secret Service, 95 suspects have already been arrested in connection with the case which is finally coming to light

If you bank with Bank of America, please be sure to check your accounts frequently to double-check that your information wasn’t part of the confidential data that has been leaked.