British Airways Hacked, Details of 380,000 Bank Cards Stolen
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SATURDAY, SEPTEMBER 8, 2018 08 Sensex and Nifty rise, wrap British Airways hacked, details up worst week since end June of 380,000 bank cards stolen Reuters ndian shares ended high- AFP| London Ier on Friday helped by gains in energy and auto- ritish Airways said that Airline to compensate mobile stocks as the rupee the personal and financial passengers affected regained some lost ground, Bdetails of customers mak- but the benchmark index- ing bookings between August AFP| London share price of parent group es logged their worst week 21 and September 5 had been IAG was down more than three since end June. stolen in a data breach involving ritish Airways will finan- percent in London deals. The BSE Sensex rose 0.38 380,000 bank cards. Bcially compensate custom- “We are 100 percent com- percent to 38,389.82, but fin- The almost two-week long ers whose bank card data were mitted to compensate them,” ished the week 0.66 percent hack did not involve travel or stolen in a “sophisticated” and Cruz said. lower. The broader NSE Nif- passport details, the airline said, “malicious” hack, chief execu- “We will compensate them ty advanced 0.45 percent to adding that it had launched an tive Alex Cruz said yesterday for any financial hardship that 11589.10, but posted a 0.78 urgent investigation into the as he apologised for the fiasco. they may have suffered,” he percent loss on week. theft of customer data. “We’re extremely sorry for told the broadcaster. Reliance Industries Ltd, “The personal and financial what has happened,” Cruz told BA said it had launched an up 1.4 percent, was the top details of customers making the BBC on Friday. urgent investigation after re- boost to the index. The Nif- bookings on our website and The long hack did not involve travel or passport details, according to BA “There was a very sophisti- alising that bank cards used ty Auto index climbed 2.2 app were compromised,” it said. cated, malicious, criminal at- to book its flights had been percent, with Hero Moto- “The breach has been resolved tack on our website.” BA took hacked. The stolen data com- Corp Ltd, up 5.2 percent, and our website is working nor- BA customer Daniel Willis, 34, out full-page adverts in the UK prised customer names, postal topping the gains. mally. We have notified the po- who booked a flight on Monday newspapers on Friday to apol- addresses, email addresses and lice and relevant authorities.” with the airline, said he had not ogise to customers, while the credit card information. BA said the breach took place been contacted by the airline The personal and between 2158 GMT on August despite being affected by the financial details Swiss steelmaker 21 and 2045 GMT on September data breach. of customers 5 and that around 380,000 pay- “I’ve not heard anything from making bookings course of action.” Iberia, said last month that first- loses US defence ment cards were compromised. them on this and I’ve just had to The NCA is set up to tackle half profits more than doubled. BA advised anyone who be- cancel the card I used. They’re on our website the most serious and organised Earnings after taxation flew to contract lieved they may have been af- a shambles,” he told the Daily and app were crime posing the highest risk to 1.4 billion euros ($1.6 billion) in fected to contact their bank or Telegraph newspaper. compromised. The public security in Britain. the first six months of 2018 com- Zurich| Reuters credit card provider and follow Another BA customer, Steph- breach has been BA apologised in July after pared with 607 million euros a their recommendations. anie Jowers, said she contacted resolved and our technology issues caused dozens year earlier, IAG said in a results wiss steelmaker In terms of compensation, BA the airline hours before the hack website is working of its flights to and from London statement. SSchmolz+Bickenbach said they would be in touch with was announced to query a suspi- Heathrow Airport to be can - The London-listed group, has lost a $420 million con- customers “and will manage any cious charge on her account but normally. We have celled.The airline said the prob- which is also the owner of Irish tract to supply the U.S. Air claims on an individual basis.” was not informed it could have notified the police lem was down to an incident airline Aer Lingus and Spanish Force with warhead bod- “We are deeply sorry for the been compromised. and relevant with an IT system. carrier Vueling, added that total ies used in bunker-busting disruption that this criminal “I asked repeatedly for an ex- authorities And in May 2017, British Air- revenues swelled three percent bombs and is considering activity has caused,” the airline planation. None was given,” she BRITISH AIRWAYS ways suffered a major comput- to 11.2 billion euros. an appeal, it said on Friday. said. told the Daily Telegraph. er system failure triggered by a BA announced last month that The company confirmed It said customers due to travel power supply issue near Heath- it will halt flights to Tehran in a Bloomberg report that its could check in online as nor- Past IT issues of a data breach affecting Brit- row which left 75,000 customers September, citing low profitabil- U.S. unit lost the five-year mal as the incident had been The National Crime Agency ish Airways and are working stranded.IAG, which owns Brit- ity as the US reimposes sanctions deal because its foreign resolved. said: “We are aware of reports with partners to assess the best ish Airways and Spanish carrier on Iran. ownership drew complaints from rivals, although it not- ed that was already the case when it won the contract this year. ECB urges EU agency to The company was re - Italy warned against viewing whether to take fight money laundering legal action in response, a spokeswoman said. Reuters| Vienna EU’s defense against money breaking budget rules The U.S. decision had laundering. nothing to do with major urope needs a single agen- However, the plan said an shareholder Viktor Veksel- Ecy to tackle money laun- agency could only be a possi- berg, she added. The Rus- dering, European Central Bank ble long-term option and rec- sian businessman faces U.S. board member Benoit Coeure ommended measures such as sanctions over allegations said on Friday after recent cas- adopting guidelines on how of Russian meddling in U.S. es at European Union banks to address money laundering elections, which Moscow that have exposed gaps in the and more cooperation among denies. bloc’s ability to prevent finan- the EU and national agencies cial crime. responsible for countering fi- “We support any initiative nancial crime and supervising that leads to a more harmo - banks. Walmart unit nized and more coordinated The plan was prepared af- approach to anti-money laun- ter suspected cases of money asked to explain dering. Ideally this would be a laundering at banks in Malta, single agency,” Coeure told a Latvia, Estonia and Denmark India biz model news conference after a meet- and just before Dutch giant (L to R) Austria’s Hartwig Loeger, Finland’s Petteri Orpo, Luxembourg’s Pierre Gramegna and Member of the European Commission in charge of Economic and Financial Affairs, Taxation and Customs Pierre Moscovici during an Eurogroup ing of euro zone finance min- ING this week agreed to pay a finance ministers’ meeting in Vienna. - AFP Reuters| New Delhi isters in Vienna. fine for failing to prevent mon- The idea of a common agen- ey laundering. almart Inc’s unit has cy is included in a preliminary “The recent developments AFP| Vienna “I expect and hope that It- Wbeen asked to explain plan drawn up by EU regula- show that collectively we need aly will, in the next few days its business model in In - tors last week to tighten the to do more in this area than we he eurozone warned yes- too, present an appropriate and dia after its acquisition of are currently doing,” Mario Tterday that Italy must meet sensible proposal for the 2019 e-commerce platform Flip- Centeno, who chairs the Eu- the EU’s strict budget rules, af- budget,” said Hartwig Loger, kart, following an objection rogroup of euro zone finance ter calls for a major spending KNOW WHAT the finance minister from Aus- raised by a local traders ministers, said. boost by the anti-establishment tria, which holds the EU’s rotat- body. We support any He stressed that supervision government in Rome. ing presidency. India’s National Compa- initiative that was “a shared responsibility” Italy is fast becoming a major “If Italy should ... come up ny Law Apellate Tribunal leads to a more which involves national and concern for eurozone finance Italy is becoming with another proposal, I as - (NCLAT), which is in charge harmonized European bodies. ministers who met in Vienna a major concern sume that the European Un- of matters related to Indian and more Centeno, who is also Portu- for the first time yesterday for eurozone ion will provide a suitable re- companies, issued an order gal’s finance minister, added since Greece, their previous finance ministers sponse,” he said. to Walmart Inc subsidiary coordinated that the EU regulators’ report worry, ended its bailout pro- Pressed on Italy, German approach to since Greece end- Wal-Mart International was still preliminary and its gramme in August.