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…

The Wells Fargo bogus account problem is about 70 percent worse than the bank originally declared in 2016. Last September, federal regulators revealed that Wells Fargo had created about 2 million unauthorized bank and credit card accounts that customers weren’t even aware of. The findings came from a consulting firm…

Since Wells Fargo’s practice of opening bogus accounts in customers’ names was first exposed, reports of the boiler room-like sales culture that led to the scheme have leaked out of the bank. In recent weeks, that trickle has turned into a flood as more and more bankers have come forward, including one former employee…

On Thursday, federal regulators announced that they were slapping Wells Fargo with a $100 million penalty after discovering employees created hundreds of thousands of bank accounts and credit cards in customers’ names without their knowledge, costing account holders an estimated $2.5 million in fees.

Security researchers have identified “strong links” between recent Swift bank attacks, one of which was foiled by a typo, and the Sony Pictures hacks of 2014.

Most spelling mistakes are innocent, fleeting, and only mildly embarrassing. Then there are the ones that result in a loss of over $800 million during a bank heist. Those ones suck.

We’re trusting robots with more and more these days: Our luggage, our meals—even our lives on the road. Why not add finances to the list? Bank of America is joining several other banks that want to do just that.

In what may be one of the biggest bank heists to date, hackers have apparently siphoned hundreds of millions of dollars from over 100 banks in 30 nations. And according to the upcoming Kaspersky Lab report, this could be "the most sophisticated attack the world has seen to date."

A slew of 30,000 leaked Swiss HSBC bank account details—what the Guardian calls the "biggest banking leak in history"—lays bare the practices of the organization and its customers. And it doesn't look pretty.

In a non-public report, the Department of Treasury revealed that an increasing number of hackers are using the Tor network to maintain their anonymity. Surprise surprise! After all,Tor is one of the biggest online anonymity services. So the government is suggesting (again) that blocking Tor would keep hackers away,…

A nifty new payment system is not without its quirks. A few early adopters who used Apple Pay to stock up on Halloween candy ended up getting charged two times per transaction. For now, however, it only seems to be those who used Bank of America debit cards.

Earlier this month, approximate 76 million households—or roughly half of the households in America—were unhappy to hear their JPMorgan Chase accounts had been compromised. Those 76 million households will be equally unhappy to learn that the hackers who broke in were wandering around the bank's servers for two months.…

Earlier this month it came to light that ATM malware was being used to extort large quantities of cash from banks. Now, Krebs on Security reports that such techniques are on the rise—and here to stay, too.