Bank’s nonpublic financial results hacked and disseminated
Financial Services
The earnings of Texas Capital Bancshares Inc. were released early due to "unauthorized and improper access.”
Texas Capital's investor relations director, Myrna Vance, said Bloomberg had published results from Texas Capital's second-quarter press release hours before it was intended for dissemination to the general public.
"We have determined that unauthorized and improper access had been gained to an administrative server preloaded with our release," Vance told SNL. "Parties who gained this unauthorized access provided a link to the non-public website that resulted in a premature release of our private information."