financetom
Business
financetom
/
Business
/
Italy police arrest four over alleged illegal database access, source says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Italy police arrest four over alleged illegal database access, source says
Nov 3, 2024 12:06 PM

MILAN (Reuters) - Italian police have placed four people under house arrest as part of a probe into alleged illegal access to state databases by a private intelligence business run by a former policeman, a person with direct knowledge of the matter told Reuters.

The person told Reuters that Leonardo Maria Del Vecchio, son of late billionaire Leonardo Del Vecchio, who founded Ray Ban-owner Luxottica, is among those targeted by the probe.

Leonardo Maria Del Vecchio, whom Reuters could not immediately reach for comment, allegedly tasked the intelligence agency with gathering information as Del Vecchio's heirs are in disagreement over the inheritance, the person said. The tycoon died in 2022.

Milan prosecutors allege the business intelligence agency tapped into three key databases: one gathering alerts over suspicious financial activities; one used by the national tax agency with citizens' bank transactions, utility bills, income statements; and the police investigations' database, the person said.

Italy's national anti-mafia prosecutor Giovanni Melillo told reporters on Saturday the probe "rang alarm bells" because it shed light on the "gigantic market for confidential information" which has acquired "a business-like dimension", ANSA news agency reported.

The probe follows another recent investigation into a large-scale data breach at Italy's top bank Intesa Sanpaolo.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Propel Investment Company Acquires Common Shares in Swiss Water Decaffeinated Coffee
Propel Investment Company Acquires Common Shares in Swiss Water Decaffeinated Coffee
Sep 9, 2025
07:44 AM EDT, 09/09/2025 (MT Newswires) -- Properly Investment Company overnight Monday said it bought about 211,500 common shares of Swiss Water Decaffeinated Coffee ( SWSSF ) through the facilities of the Toronto Stock Exchange for $951,750. The company now holds 1.1-million Swiss Water common shares following the acquisition, about 11.80% of Swiss Water's issued and outstanding common shares. Shares...
Core & Main misses Q2 sales estimates; shares fall
Core & Main misses Q2 sales estimates; shares fall
Sep 9, 2025
Overview * Core & Main ( CNM ) Q2 sales rise 6.6% to $2.093 bln, missing expectations * Adjusted EPS for Q2 beats estimates at $0.87, per LSEG data * Adjusted EBITDA of $266 mln misses analyst expectations, per LSEG data * Shares of the company falls 8% in premarket trading Outlook * Core & Main ( CNM ) lowers...
Market Chatter: Shell Set to Sign Long-Term Gas Deal With Hungary, Foreign Minister Says
Market Chatter: Shell Set to Sign Long-Term Gas Deal With Hungary, Foreign Minister Says
Sep 9, 2025
07:42 AM EDT, 09/09/2025 (MT Newswires) -- Shell (SHEL) is set to sign a new long-term gas purchase agreement with Hungary, Reuters reported Tuesday, citing the country's foreign minister, Peter Szijjarto. The agreement, to be signed later in the day, would be Hungary's largest volume and longest western supply contract ever, Reuters quoted Szijjarto as saying. No other details were...
Phillips 66 buys remaining stake in major US refineries from Cenovus for $1.4 billion
Phillips 66 buys remaining stake in major US refineries from Cenovus for $1.4 billion
Sep 9, 2025
Sept 9 (Reuters) - U.S. refiner Phillips 66 said on Tuesday it will acquire the remaining 50% stake in WRB Refining from Cenovus Energy ( CVE ) for $1.4 billion, giving it full ownership of two major U.S. refineries. WRB includes the Wood River refinery in Illinois and the Borger refinery in Texas, which have a combined crude throughput capacity...
Copyright 2023-2026 - www.financetom.com All Rights Reserved