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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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Block, which maintains its original Square brand for its business-focused products, is offering easier access to cash advances for small businesses. Also, Amex and Mastercard expand their virtual card strategy; and more in the American Banker global payments and fintech roundup.
5h ago -
The White House working group on digital assets said in a report that regulators should "promote transparency regarding the process for institutions to obtain bank charters or Reserve Bank master accounts."
5h ago -
Federal Reserve Chair Jerome Powell said during his regular press conference Wednesday that the process of determining tariff-related price increases was always going to be slow, but it has taken longer than he expected.
5h ago -
A report Wednesday detailed Scattered Spider's advanced social engineering tactics and the escalating threat the group poses to financial institutions.
6h ago -
12 states have laws governing earned wage access, also known as on-demand pay, and while many follow similar general guidelines, small – yet critical – distinctions are emerging with each new regulation.
6h ago -
The largest bank in Missouri, which completed the acquisition of Heartland Financial USA early this year, is on track to switch Heartland's systems over to UMB's systems in mid-October. The conversion should help realize "the next big slug" of expense savings, UMB's CFO said.
7h ago