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Banks' security investments are rising dramatically as breaches grow more frequent and damaging.
October 30 -
As cyberattacks against banks escalate with 93% of banks worldwide reporting they've been hit Bremer Bank in Minnesota ramps up its defenses.
September 8 -
The Target card data breach dominated headlines last year, but it was just one of hundreds of hacking incidents to hit banks and expose the personal information of their customers, according to Verizon's latest Data Breach Investigations Report.
April 22
The Securities Investor Protection Corp. on Wednesday
The SIPC, which is responsible for protecting investors from insolvent brokerages, said in a press release that phony organizations have begun posing online as consumer protection groups.
The groups have targeted investors, asking them to provide account information in exchange for restoring lost funds. The groups have asked investors to pay up-front fees.
"Brokerage firm liquidations handled through SIPC do not require investors to pay a fee to recover assets," SIPC President Stephen Harbeck said in the release. "If any other supposed representative or website requests an upfront fee to recover assets or requests personal information, investors should be extremely wary."
SIPC pointed to
Additionally, the agency said that many of the groups are based overseas, putting them outside the scope of federal law.