NYPD Testing 'Skim Reaper' to Fight Credit Card Fraud
The New York Police Department is testing out a device called the “Skim Reaper” in an effort to hinder credit card fraud.
Major Bank Loses 12 Million Customers' Data in the Most Embarrassing Way Possible
Just when you thought all data breaches amounted to hacker shenanigans, the largest bank in Australia has belatedly confirmed a different sort of breach story. BuzzFeed reports that the Commonwealth Bank lost 12 million customers’ data after magnetic tape backups containing their personal financial history from 2004…
SunTrust Bank Says Employee May Have Stolen 1.5 Million Customers' Info and Given It to Criminals
On Friday, SunTrust bank announced it was offering identity protection services at no charge to all of its clients in the form of Experian IDnotify. Perfect timing, as the company also announced—in the very same press release—a possible data breach affecting approximately 1.5 million customers.
Man Finds Mystery $500,000 in His Bank Account—and It May Belong to Backpage’s Founder
A Phoenix news station reports a bizarre incident involving a $500,000 check mistakenly deposited into the bank account of a recent law school graduate.
Researchers Unearth New Malware Designed to Make ATMs Spew Out Cash
Researchers have recently discovered new kind of “jackpotting” malware—the sole purpose of which is forcing ATMs to spit out huge volumes of cash.
Congress Will Make Credit Freezes Free for All in Belated Response to Equifax Breach
Congress is set to finally do something that will benefit US consumers in response to the Equifax breach last year—beyond excoriating the company’s executives on live television. Yet, as with everything, it will come at a cost.
Apparently a Way of Hacking ATMs Called 'Jackpotting' Has Spread to the US
ATM manufacturers are warning that criminals are hacking into their devices using a method called “jackpotting”that has recently spread to the U.S. according to Reuters.
This Cellular-Connected Smart Credit Card Can Show You How Much Money You've Got Left to Spend
In the United States, the big banks have been very slow to adopt new credit and debit card technologies, with secure chip cards only being introduced in the past few years. Which is tragic, because Dynamics is introducing a new connected credit card with a GSM chip inside, and an E-Ink display, that’s no thicker than…
Nordea Bank Chief: Robots Can Help Us Fire Legions of My Fellow Bankers
If you’re like most people, you do not like Wall Street or the financial industry, which commanded a large amount of confidence among just 19 percent of Americans in a poll from last year—perhaps because they crashed the national economy nearly a decade ago and the vast majority of the recovery went to the already rich
Flashlight Apps Snuck Malware Into Google's Play Store, Targeting Bank Accounts
Active on Google Play Store as recently as last Friday, a mobile banking trojan infected thousands of users who thought they downloading games or innocent-looking apps, according to research published by a trio of cybersecurity firms.
Senate Intelligence Officials Plan to Question Treasury Department Over 'Alarming' Surveillance Report
US officials are denying accusations raised in an incredible BuzzFeed News report published Friday, in which a senior US Treasury official accused the intelligence arm of the Treasury Department of illegally spying on US citizens. A Senate source now tells Gizmodo that department officials may be called to brief the…
Why Some Are Recommending 'Credit Freezes' in the Wake of the Gigantic Equifax Data Breach
Equifax, the credit reporting agency which admitted on Thursday it had lost massive amounts of information for 143 million Americans including social security numbers, is not making it easy to understand what the people it screwed over should do.
There's Been Another Bank Breach Like the One Carried Out By the Typo Hackers
Earlier this year, a team of hackers tried to steal vast quantities of cash using vulnerabilities in the Swift international payment system. Now, another similar hack has occurred.
American Express Admits to Theft of Customer Data Three Years Late [Updated]
American Express has warned its customers that they may have had their personal information stolen during a data breach—which happened in 2013.
Samsung Pay will soon start working with bank cards from: Chase, PNC Bank, TD Bank, SunTrust, Fifth Third Bank, Key Bank, Silicon Valley Bank, Security Service Federal Credit Union, Navy Federal Credit Union, Virginia Credit Union, Associated Bank, Randolph Brooks Federal Credit Union and People’s United Bank. Phew.
The Fed's Cold War Bunker Had $4 Billion Cash For After The Apocalypse
New York and DC are piles of ash, but at least your checks are clearing. That was the idea behind the Culpeper Switch, a sprawling bunker built by the Federal Reserve to keep the banks running after nuclear apocalypse. But even some Cold War-era politicians thought it was silly.
What Are These Bizarre Anti-Banking Ads Doing in New York's Subways?
Bizarre ads for TransferWise, a P2P money-transfer system, have cropped up overnight in NYC's subways. I had many questions: who is this guy? Why his face? What is he selling me? Turns out the more you try to learn about TransferWise, the sketchier the whole thing becomes.
Man, It's Still So Easy to Fool Facial Recognition Software
Passwords suck, so why not replace them with facial recognition? Because facial recognition software still kind of sucks, too, as Dan Moren discovered in Popular Science after a little craft project easily fooled his bank app.
Some Stock Broker Lost $75,000 To Hackers Over One Email
The SEC just revealed that the vast majority of brokerages and financial advisers have been hit with cyberattacks. The agency's report also reveals: "One adviser reported a loss in excess of $75,000 related to a fraudulent email, for which the client was made whole." LOL what?
How to Ditch Your Big Terrible Bank
People don't talk about it quite as much as they did in 2008, but big banks are the worst. Aside from the fact that they're full of crooks, big banks provide terrible customer service, charge obscene fees, and profit from your misery. You should probably stop giving them your money now.
