In 2014, some 76 million JPMorgan Chase customers were less than thrilled to hear that hackers were roaming around company databases containing their records for two months. Now, U.S. officials have secured the extradition of the Russian citizen believed to be responsible, Andrei Tyurin, from the nation of Georgia…
In a post-capitalistic world that seems very specifically and violently designed to rip off the poor for the benefit of the rich, spending money is complicated. But at least, until recently, you could live without fear that some multibillion-dollar Silicon Valley giant would buy up your banking data in order to serve…
Facebook is looking to gobble up users’ financial information, including such tidbits as “card transactions and checking-account balances,” as part of its relentless effort to swallow up yet more of the web, the Wall Street Journal reported on Monday.
Finance titan Wells Fargo admitted in regulatory filings this week that a software glitch had resulted in some 625 customers incorrectly being denied or not offered mortgage modifications, with approximately 400 of them subsequently losing their homes.
The New York Police Department is testing out a device called the “Skim Reaper” in an effort to hinder credit card fraud.
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…
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.
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 have recently discovered new kind of “jackpotting” malware—the sole purpose of which is forcing ATMs to spit out huge volumes of cash.
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.
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.
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…
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
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.
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…
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.
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 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.
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.
