Bank of America blames a suspected breach of credit card data on an unidentified third party. The incident illustrates the risks institutions increasingly face when they rely heavily on partners and suppliers.

BofA has sent letters to select customers, notifying them of a possible compromise that likely exposed details about their credit card accounts. Though the bank's spokesperson would not reveal how many of accountholders were affected, she did say the institution is taking necessary steps to address known security gaps.

A former bank employee was arrested this morning and charged with stealing $1.8 million from her employer and concealing the thefts while acting as the victim’s executive assistant, U.S. Attorney Paul J. Fishman announced.

Karen R. Febles, 47, of Palisades Park, N.J., was arrested at her home by agents of the IRS and FBI and charged by complaint with one count each of bank fraud and money laundering. She was scheduled to make her initial appearance later in the day before U.S. Magistrate Judge Madeline Cox Arleo in Newark federal court.

Scott Rothstein’s uncle, the co-conspirator closest to the convicted Ponzi schemer, pleaded guilty Wednesday to helping his nephew carry out a $1.2 billion investment racket.

William “Bill” Boockvor was at the disgraced Fort Lauderdale lawyer’s side during his wild four-year ride fleecing investors from Florida to New York, until the scam unraveled in fall 2009.

A world map splattered with red dots shows the reach of a massive identity-theft case that went to trial this week in federal court in Minneapolis.

Jurors will hear testimony about what prosecutors describe as a sophisticated international conspiracy that stole and counterfeited thousands of identities, took over accounts at some of the nation's largest financial institutions, defrauded mortgage lenders, credit card companies and consumers and then laundered the proceeds.

Halton Regional Police announced on Friday the multi-force takedown of a fraud ring responsible for over a quarter of a million dollars in debit card skimming.

It was on Jan. 31 — after the fraud bureau launched an investigation — that officers from various police forces swooped on several homes in the GTA, arresting 12 people and seizing numerous pieces of equipment allegedly used to copy debit card information at bank machines and gas station ATMs, as well as at some other commercial points of sale.

A Bank of America customer got more than cash when she tried to use a Bleecker Street ATM recently — a device designed to steal her card details came off in her hand as she inserted her card, police said.

Amazingly, the man who planted the identity stealing technology then appeared — and asked for it back.

Citigroup has confirmed its consumer banking sites were temporarily offline Friday because of what a bank spokesman referred to as temporary outages. Hackers with Anonymous have claimed to be behind the attacks.

U.S. Attorney Robert E. O’Neill announces that Jerry J. Williams (51), formerly of Naples, Florida, and currently residing in Fort Worth, Texas, pleaded guilty to conspiracy to commit bank fraud and making false statements to federal regulators. Williams faces a maximum penalty of 15 years in federal prison. A sentencing date has not yet been set.

According to the plea agreement, Williams, the former President of Orion Bank, participated in a conspiracy with top Orion Bank executives ...

An Arkansas man has been charged with bank fraud after embezzling from his employer. 44 year old Michael Wallace was sentenced to 37 months in prison and 5 years supervised release for bank fraud and obstruction. An investigation revealed that from 2007 to 2010 Wallace wrote over $200,000 in forged checks from Hardin's Compounding Pharmacy in West Monroe.

The United States Attorney for the District of Connecticut announced that DALE K. CICCARELLI, 57, of Southbury, waived his right to indictment and pleaded guilty today before Senior United States District Judge Alfred V. Covello in Hartford to one count of conspiracy to commit bank fraud and one count of aiding and assisting the filing of a false federal tax return. The charges stem from CICCARELLI’s role in a scheme by principals of F&S Oil to defraud Citizens Bank of millions of dollars.