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US arm of RBS faces 141m U.K.P. lawsuit after admitting hackers breached security system




US arm of RBS faces 141m U.K.P. lawsuit after admitting hackers breached security system
US arm of RBS faces 141m U.K.P. lawsuit after admitting hackers breached security system



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http://news.scotsman.com/scotland/US-arm-of-RBS-faces.4989997.jp 

The Scotsman  
18 February 2009

PART of Royal Bank of Scotland's operations in the United States faces a 
$200 million (=C2=A3141 million) class action lawsuit after admitting hackers 
had breached security on its computer systems, it emerged yesterday.

The latest blow for RBS comes after a class action was filed in New York 
last month, accusing the bank and its directors of allegedly misleading 
investors when American shares were issued in 2007.

RBS WorldPay =E2=80=93 the payment processing arm of Citiz ens Bank =E2=80=93 has 
confirmed that, during a 30-minute period last November, thieves used 
100 cloned pre-payment cards to withdraw a total of $9 million from 100 
cash machines in 49 cities around the world.

The company said customers will not be liable for the losses against 
their accounts but American lawyers are worried that thieves may use 
stolen social security numbers from RBS WorldPay's computer systems to 
commit further fraud

[...]


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