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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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The Chicago-area lender, which at first was able to get the suit quashed, agreed to end the discrimination case by paying a $105,000 fine.
November 1 -
The company disclosed the potential for legal action 'in the near-term' by the bureau in a recent earnings disclosure.
November 1 -
The payment company is connecting installment lenders with borrowers who may be looking for a product instead of a specific company.
November 1 -
U.S. Bancorp is splitting its payment services business in half; Flagstar Financial continues to fill out its leadership with an eye toward tech and risk management; First Horizon authorized an additional $350 million in stock buybacks for its $1 billion share repurchase plan; and more in this week's banking news roundup.
November 1 -
The agency said VyStar customers took on fees and credit report demerits because they could not access banking functions for months following an attempted upgrade.
November 1 -
HomeStreet and FirstSun are working to devise a new formula after the Texas Department of Banking and the Federal Reserve declined to approve their merger application.
November 1