FOSTER CITY, Calif. - (03/23/06) Online security experts havediscovered two large botnets, or Internet robots,they say are hacking into online shopping accounts and stealingcredit card numbers, account information and log-in passwords. Thebotnets were discovered by researchers at FaceTime Security Labshere based on an anonymous tip by one reformed hacker, and referredto authorities. Officials at FaceTime Security said the botnetswere planted by seeding Trojan horses via instant messagingnetworks. When recipients of the IM click on the embedded link thebotnets are secretly installed on the recipients computer.One botnet, called Carder, is used to download dataoff of e-commerce shopping cart applications and can downloadcredit card information, including user names, passwords andPINs.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








