Blog | G5 Cyber Security

TD Bank Agrees to Breach Settlement

TD Bank agrees to pay $850,000 fine and reform practices to prevent breaches. New York Attorney General Eric T. Schneiderman: “There has to be one set of rules for everyone” The bank says it has no evidence of fraud connected to the breach. TD Bank reported in October 2012 that two unencrypted backup tapes, which contained 1.4 million files on 260,000 bank customers, were lost. The bank offered affected customers 12 months of free credit monitoring services, although the bank advised its customers to monitor their accounts for 24 months.”]

Source: https://www.cuinfosecurity.com/td-bank-agrees-to-breach-settlement-a-7439

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