Published: May 18, 2026 7:00 am
Community Economic Development Fund (CEDF) is a mission-driven, nonprofit Connecticut economic development organization. It provides business loans in disadvantaged communities defined by the state, and in other Connecticut municipalities it lends to business borrowers with household incomes below the state median.
Part of CEDF’s mission is to educate small business owners with free or low-cost training seminars. The next free webinar is planned for Thursday, June 25, 1-2 pm, “Keep Your Business Safe from Fraud.”
Fraud prevention is not about fear, complex technology, or assuming “it will not happen to me.” For small businesses operating in fast-moving, real-world environments, protecting a business is something far more practical — and far more essential.
A strong approach to fraud awareness is built intentionally, rooted in education, vigilance,…
THE TD BANK INSIDER “BRIBE-FOR-DATA” SCHEME (USA)
Date: February 17, 2026 Perpetrator: Edward Low (Former Bank Employee)
Case Description: In a high-profile case of “Insider Threat,” Edward Low, a former employee of TD Bank in New York, pleaded guilty in a New Jersey federal court to accepting bribes in exchange for confidential customer data. Between 2021 and 2022, Low leveraged his internal access to harvest the personal details of high-balance account holders. He then sold this “hot data” to external fraud syndicates for as little as $26,700 in personal kickbacks.
The external fraudsters used the information Low provided to conduct “Account Takeovers” (ATO), creating fraudulent checks and falsifying bank records to drain over $500,000 from unsuspecting customers. Low even went as far as helping co-conspirators open shell company accounts at a second financial institution where he was later employed. He now faces a maximum penalty of 30 years in prison. This case has sent shockwaves through the global banking sector, highlighting that even the most robust external firewalls cannot protect against a “rogue insider” with administrative credentials.
Link to Original: US Dept of Justice – TD Bank Insider Plea