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Banks have been under siege for about a year. An in-depth look at the main types of attacks, the "bad actors" and their motivations, and what banks are doing about it.
October 7 -
DDoS attacks, ACH fraud, and account information theft are problems, but is it hyperbolic to talk about war cyber war?
October 7 -
Cybercrimes targeting small business online-banking customers don't make the news too often, but the damage they inflict is devastating for banks and clients.
October 7 -
It's no secret that most people would prefer not to have their personal information displayed openly online for all the world to see (with the exception of prolific Facebook users). A recent Pew Research Center survey shows most consumers know that they leave large digital footprints and they go to considerable trouble to avoid being observed on the web. For the project, 1,002 consumers were interviewed by phone.
October 7
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Hanscom Federal Credit Union in Massachusetts said it would acquire Peoples Bancorp and its insurance agency. It marked the 21st deal of the year involving a credit union buying a bank.
December 20 -
The OCC's 2024 annual report said that while the federal banking system remains stable, it faces challenges such as rising credit costs, declining net income and increasing nonperforming loans.
December 20 -
BNY announced expanded employee benefits and a boost in its minimum wage for all U.S.-based employees; Synovus has added former FIS executive Greg Montana to its executive board; National Bank Holdings sold off a fifth of its securities portfolio; and more in this week's banking news roundup.
December 20 -
The Capital One-Discover merger, the war against Visa and Mastercards' swipe fees and budding payment technologies were most popular with American Banker readers in 2024.
December 20 -
Financial institutions that build a presence on the social media platform could gain a first-mover advantage and a communications channel with potential customers, experts say.
December 20 -
The Consumer Financial Protection Bureau sued three of the largest U.S. banks for fraud perpetrated on the bank-owned payment network Zelle, alleging shoddy safeguards and millions in consumer losses.
December 20