A second hacking group is targeting banks through the Swift Inerbank Messaging system, according to a report out from cyber-security firm Symnatec yesterday (Oct. 11). The group is leveraging similar but distinct tactics from the group that orchestrated an $81 million hack of Bangladesh’s Central...
In the wake of the headline-grabbing choice to discontinue production of its Galaxy Note phone due to seemingly intractable battery fires, Samsung’s investors want some clarity about what exactly went so wrong. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Consumer Financial Protection Bureau said on Tuesday (Oct. 11) it ordered Navy Federal Credit Union to pay $28.5 million in fines and restitution over civil charges it allegedly made fake threats about debt collection to members of the credit union. Get the Full Story...
Q2 Holdings, a provider of secure, cloud-based digital banking solutions for community-focused financial institutions, announced on Tuesday (Oct. 11) the launch of its Centrix Dispute Tracking System (CentrixDTS) Fraud Alerts module, an add-on to the case management and Regulation E compliance platform financial institutions use...
The Consumer Finance Protection Bureau suffered a major blow in Federal Appeals Court yesterday when a three judge panel ruled that parts of its leadership structure are unconstitutional. This decision was taken as part of mortgage lender’s PHH Corp. appeal of the 2014 $109M financial penalty imposed by the CFPB....
Even while the U.S. is seeing a resurgence of sorts in initial public offerings, Europe may be seeing a bit of a slide. Reuters reported on Tuesday (Oct. 11) that two European companies have scuttled their intentions to come public, citing the oft-repeated refrain (by other...
Square no longer wants to be in the food delivery business and is trying to sell Caviar. Uber made an offer that was considered too low, but a new buyer has not yet been found. Meanwhile, UberEATS and GrubHub are stealing the show.
Wells Fargo executives laid out plans to move beyond the fake accounts scandal during a conference call with roughly 500 senior executives in which the bank said growth in the retail banking business will likely be down. Get the Full Story Complete the form to unlock...
Security company Symantec revealed on Tuesday (Oct. 11) that, since the start of the year, a malware campaign, dubbed Trojan.Odinaff, has been targeting a number of financial organizations around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
