A New York crime ring is accused of stealing more than $2 million from JPMorgan Chase Bank, TD Bank, Citibank, Discover and American Express. Stolen names, dates of birth, addresses, Social Security numbers and financial information were used through a variety of schemes to defraud victims and financial institutions. The case highlights growing concerns about insider collusion in the financial industry. Financial institutions need to continue their investment in training, technology and internal fraud controls, expert says. Deeper background checks of potential new hires, especially those who will have access to customer information, is recommended.”]
Source: https://www.bankinfosecurity.com/feds-bust-2-million-fraud-scam-a-4350