Up To 1.4M More Fake Wells Fargo Accounts Possible

An anonymous reader quotes the Bay Area Newsgroup: Wells Fargo may have opened as many as 3.5 million bogus bank accounts without its customers’ permission, attorneys for customers suing the bank have alleged in a court filing, suggesting the bank may have created far more fake accounts than previously indicated. The plaintiffs’ new estimate of bogus bank accounts is about 1.4 million, or 67%, higher than the original estimate — disclosed last year as part of a settlement with regulators — that up to 2.1 million accounts were opened without customers’ permission… The attorneys covered a period from 2002 to 2017, rather than the previously scrutinized five-year stretch from 2011 to some time in 2016 in which the bank acknowledged setting up unauthorized accounts. Wells Fargo terminated 5, 300 employees for creating fake accounts, and their CEO now acknowledges that “we had an incentive program and a high-pressure sales culture within our community bank that drove behavior that many times was inappropriate and inconsistent with our values.” In a possibly-related story, Wells Fargo plans to shut 450 branches over the next two years. Read more of this story at Slashdot.

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Up To 1.4M More Fake Wells Fargo Accounts Possible

Up To 1.4M More Fake Wells Fargo Accounts Possible

An anonymous reader quotes the Bay Area Newsgroup: Wells Fargo may have opened as many as 3.5 million bogus bank accounts without its customers’ permission, attorneys for customers suing the bank have alleged in a court filing, suggesting the bank may have created far more fake accounts than previously indicated. The plaintiffs’ new estimate of bogus bank accounts is about 1.4 million, or 67%, higher than the original estimate — disclosed last year as part of a settlement with regulators — that up to 2.1 million accounts were opened without customers’ permission… The attorneys covered a period from 2002 to 2017, rather than the previously scrutinized five-year stretch from 2011 to some time in 2016 in which the bank acknowledged setting up unauthorized accounts. Wells Fargo terminated 5, 300 employees for creating fake accounts, and their CEO now acknowledges that “we had an incentive program and a high-pressure sales culture within our community bank that drove behavior that many times was inappropriate and inconsistent with our values.” In a possibly-related story, Wells Fargo plans to shut 450 branches over the next two years. Read more of this story at Slashdot.

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Up To 1.4M More Fake Wells Fargo Accounts Possible

Up To 1.4M More Fake Wells Fargo Accounts Possible

An anonymous reader quotes the Bay Area Newsgroup: Wells Fargo may have opened as many as 3.5 million bogus bank accounts without its customers’ permission, attorneys for customers suing the bank have alleged in a court filing, suggesting the bank may have created far more fake accounts than previously indicated. The plaintiffs’ new estimate of bogus bank accounts is about 1.4 million, or 67%, higher than the original estimate — disclosed last year as part of a settlement with regulators — that up to 2.1 million accounts were opened without customers’ permission… The attorneys covered a period from 2002 to 2017, rather than the previously scrutinized five-year stretch from 2011 to some time in 2016 in which the bank acknowledged setting up unauthorized accounts. Wells Fargo terminated 5, 300 employees for creating fake accounts, and their CEO now acknowledges that “we had an incentive program and a high-pressure sales culture within our community bank that drove behavior that many times was inappropriate and inconsistent with our values.” In a possibly-related story, Wells Fargo plans to shut 450 branches over the next two years. Read more of this story at Slashdot.

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Up To 1.4M More Fake Wells Fargo Accounts Possible

Up To 1.4M More Fake Wells Fargo Accounts Possible

An anonymous reader quotes the Bay Area Newsgroup: Wells Fargo may have opened as many as 3.5 million bogus bank accounts without its customers’ permission, attorneys for customers suing the bank have alleged in a court filing, suggesting the bank may have created far more fake accounts than previously indicated. The plaintiffs’ new estimate of bogus bank accounts is about 1.4 million, or 67%, higher than the original estimate — disclosed last year as part of a settlement with regulators — that up to 2.1 million accounts were opened without customers’ permission… The attorneys covered a period from 2002 to 2017, rather than the previously scrutinized five-year stretch from 2011 to some time in 2016 in which the bank acknowledged setting up unauthorized accounts. Wells Fargo terminated 5, 300 employees for creating fake accounts, and their CEO now acknowledges that “we had an incentive program and a high-pressure sales culture within our community bank that drove behavior that many times was inappropriate and inconsistent with our values.” In a possibly-related story, Wells Fargo plans to shut 450 branches over the next two years. Read more of this story at Slashdot.

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Up To 1.4M More Fake Wells Fargo Accounts Possible

Keylogger Found in Audio Driver of HP Laptops, Says Report

An anonymous reader writes: The audio driver installed on some HP laptops includes a feature that could best be described as a keylogger, which records all the user’s keystrokes and saves the information to a local file, accessible to anyone or any third-party software or malware that knows where to look. Swiss cyber-security firm modzero discovered the keylogger on April 28 and made its findings public today. According to researchers, the keylogger feature was discovered in the Conexant HD Audio Driver Package version 1.0.0.46 and earlier. This is an audio driver that is preinstalled on HP laptops. One of the files of this audio driver is MicTray64.exe (C:windowssystem32mictray64.exe). This file is registered to start via a Scheduled Task every time the user logs into his computer. According to modzero researchers, the file “monitors all keystrokes made by the user to capture and react to functions such as microphone mute/unmute keys/hotkeys.” Read more of this story at Slashdot.

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Keylogger Found in Audio Driver of HP Laptops, Says Report

Keylogger Found in Audio Driver of HP Laptops, Says Report

An anonymous reader writes: The audio driver installed on some HP laptops includes a feature that could best be described as a keylogger, which records all the user’s keystrokes and saves the information to a local file, accessible to anyone or any third-party software or malware that knows where to look. Swiss cyber-security firm modzero discovered the keylogger on April 28 and made its findings public today. According to researchers, the keylogger feature was discovered in the Conexant HD Audio Driver Package version 1.0.0.46 and earlier. This is an audio driver that is preinstalled on HP laptops. One of the files of this audio driver is MicTray64.exe (C:windowssystem32mictray64.exe). This file is registered to start via a Scheduled Task every time the user logs into his computer. According to modzero researchers, the file “monitors all keystrokes made by the user to capture and react to functions such as microphone mute/unmute keys/hotkeys.” Read more of this story at Slashdot.

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Keylogger Found in Audio Driver of HP Laptops, Says Report

Keylogger Found in Audio Driver of HP Laptops, Says Report

An anonymous reader writes: The audio driver installed on some HP laptops includes a feature that could best be described as a keylogger, which records all the user’s keystrokes and saves the information to a local file, accessible to anyone or any third-party software or malware that knows where to look. Swiss cyber-security firm modzero discovered the keylogger on April 28 and made its findings public today. According to researchers, the keylogger feature was discovered in the Conexant HD Audio Driver Package version 1.0.0.46 and earlier. This is an audio driver that is preinstalled on HP laptops. One of the files of this audio driver is MicTray64.exe (C:windowssystem32mictray64.exe). This file is registered to start via a Scheduled Task every time the user logs into his computer. According to modzero researchers, the file “monitors all keystrokes made by the user to capture and react to functions such as microphone mute/unmute keys/hotkeys.” Read more of this story at Slashdot.

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Keylogger Found in Audio Driver of HP Laptops, Says Report

Keylogger Found in Audio Driver of HP Laptops, Says Report

An anonymous reader writes: The audio driver installed on some HP laptops includes a feature that could best be described as a keylogger, which records all the user’s keystrokes and saves the information to a local file, accessible to anyone or any third-party software or malware that knows where to look. Swiss cyber-security firm modzero discovered the keylogger on April 28 and made its findings public today. According to researchers, the keylogger feature was discovered in the Conexant HD Audio Driver Package version 1.0.0.46 and earlier. This is an audio driver that is preinstalled on HP laptops. One of the files of this audio driver is MicTray64.exe (C:windowssystem32mictray64.exe). This file is registered to start via a Scheduled Task every time the user logs into his computer. According to modzero researchers, the file “monitors all keystrokes made by the user to capture and react to functions such as microphone mute/unmute keys/hotkeys.” Read more of this story at Slashdot.

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Keylogger Found in Audio Driver of HP Laptops, Says Report

Keylogger Found in Audio Driver of HP Laptops, Says Report

An anonymous reader writes: The audio driver installed on some HP laptops includes a feature that could best be described as a keylogger, which records all the user’s keystrokes and saves the information to a local file, accessible to anyone or any third-party software or malware that knows where to look. Swiss cyber-security firm modzero discovered the keylogger on April 28 and made its findings public today. According to researchers, the keylogger feature was discovered in the Conexant HD Audio Driver Package version 1.0.0.46 and earlier. This is an audio driver that is preinstalled on HP laptops. One of the files of this audio driver is MicTray64.exe (C:windowssystem32mictray64.exe). This file is registered to start via a Scheduled Task every time the user logs into his computer. According to modzero researchers, the file “monitors all keystrokes made by the user to capture and react to functions such as microphone mute/unmute keys/hotkeys.” Read more of this story at Slashdot.

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Keylogger Found in Audio Driver of HP Laptops, Says Report

Keylogger Found in Audio Driver of HP Laptops, Says Report

An anonymous reader writes: The audio driver installed on some HP laptops includes a feature that could best be described as a keylogger, which records all the user’s keystrokes and saves the information to a local file, accessible to anyone or any third-party software or malware that knows where to look. Swiss cyber-security firm modzero discovered the keylogger on April 28 and made its findings public today. According to researchers, the keylogger feature was discovered in the Conexant HD Audio Driver Package version 1.0.0.46 and earlier. This is an audio driver that is preinstalled on HP laptops. One of the files of this audio driver is MicTray64.exe (C:windowssystem32mictray64.exe). This file is registered to start via a Scheduled Task every time the user logs into his computer. According to modzero researchers, the file “monitors all keystrokes made by the user to capture and react to functions such as microphone mute/unmute keys/hotkeys.” Read more of this story at Slashdot.

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Keylogger Found in Audio Driver of HP Laptops, Says Report