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Derivatives markets were hobbled for several days by hackers using malware from LockBit, who said ION paid the ransom.
February 8 -
The top U.S. derivatives watchdog wants new cybersecurity rules as a recent attack on the software company ION Trading U.K. continues to roil the industry.
February 3 -
While most distributed denial-of-service attacks against U.S. banks and credit unions result in little to no disruption, they can chip away at reputations if left unchecked.
February 1 -
Stripe, one of the world's most valuable startups, has hired JPMorgan Chase and Goldman Sachs Group as it explores options for raising liquidity.
January 27 -
Almost a fifth of U.S. banks are offering savings rates of 2% or more, a huge spike from a year ago, according to new data. Banks are paying more out of fear their customers will flee to competitors offering higher rates.
January 26 -
The lending software and shared services provider was created by bankers for bankers.
January 24 -
Not every shopper wants to charge the same card every time — but many do. Retailers like Adorama and Nordstrom, and payment companies like PayPal, are digging into their data to determine when an invisible payment is the best option for a customer, and when it's a pain point.
January 24 -
Credit cards with rewards are rewarding only for those who know how to profit from the system, according to a paper released by the Federal Reserve.
January 23 -
The more that stores reinvent the physical point of sale — or remove it entirely — the more they gather insights that go beyond just the payment. This can be extremely valuable to retailers that know how to use this new information, particularly for targeted marketing.
January 23 -
Banks worried about similar attacks against their own customers can use multifactor authentication and suspicious login detection to reduce risk.
January 20