ORX News digest of the month – June 2018
- 10 July 2018
Every month the ORX News team publishes a featured digest from the ORX News Service. It's a detailed look at one of the losses reported in the media that month, and is handpicked by the team as one of the most interesting stories.
June's digest summary:
In June 2018, two individuals pleaded guilty to defrauding Langley Federal Credit Union of at least $130,700 using information stolen from the US Office of Personnel Management in a data breach announced in June 2015.
The OPM suffered two related data breaches involving the records of approximately 22.1 million individuals, including people who underwent background checks for security clearances. The stolen information included full names, birth dates, homes addresses and social security numbers. US prosecutors determined that the information of at least six victims of the data breach was used to fraudulently apply for personal and vehicle loans from LFCU over a period of six months. LFCU subsequently issued the loans without determining that the information had been stolen and transferred the personal loans to LFCU accounts opened through the fraudulent applications.
This is the first case of fraud using information acquired from the OPM data breach that the US Department of Justice has publicly disclosed.