Equifax, the credit reporting agency which recently lost said credit information on up to 143 million people to hackers, experienced another security breach months before it has already disclosed—and this news broke on the same day it was reported senior Equifax executives are being investigated for selling off stock…
Equifax, the major credit reporting agency which collected extensive financial data on hundreds of millions of Americans before losing said data on 143 million of those people to hackers, has finally explained what went wrong.
China has a debt problem. More specifically, Chinese citizens are suddenly drowning in debt after the country opened the door to personal lending in 2014. Now people are borrowing money so recklessly that at least one woman literally rearranged her face in order to avoid paying back her $3.7 million debt. It almost…
Unknown hackers made off with an estimated $32 million in hot cryptocurrency Ether, one of the most popular of the innumerable successors to Bitcoin, this week.
Saving money is fun! Just kidding, it’s honestly pretty annoying since it requires a delicate amount of personal control and the temporary surrendering of your cash. But don’t worry. Your computerphone can help.
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…
The British pound suffered a “flash crash” earlier this morning in which it plummeted six percent against the US dollar within a matter of minutes. All signs point to high frequency stock trading as the culprit—and possibly a single algorithm.
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.
Sometimes it pays to spend. The central bank of Bangladesh has found that out the hard way, as police are blaming its loss of $80m during a hack on crappy $10 routers.
According to a new report, Apple is said to be in discussion with banks to build a person-to-person payment system that would allow people to transfer money between phones without the need for cards or checks.
Last year it came to light that roughly half of the households in America had their JPMorgan Chase accounts compromised. Now, over a year later, three mean have been charged with widespread hacks that include the sustained financial attack.
Twitter’s new CEO Jack Dorsey has enough cash to go round. So much so, in fact, that he’s announced that he’s giving one-third of his stock holdings in the social media company to his employees.
Your education doesn’t have to stop once you leave school. We’ve put together a curriculum of some of the best free online classes available on the web this fall for the latest term of Lifehacker U, our regularly-updating guide to improving your life with free, online college-level classes. Let’s get started.
Toshiba has announced that its CEO, Hisao Tanaka, is resigning because the company exaggerated its operating profits by a staggering $1.2 billion over the past six years.
All trading has halted on the New York Stock Exchange, and the NYSE would like everyone to know that it’s the result of an internal technical screwup and not a cyberattack.
Your education doesn’t have to stop once you leave school. We’ve put together a curriculum of some of the best free online classes available on the web this summer for the latest term of Lifehacker U, our regularly-updating guide to improving your life with free, online college-level classes. Let’s get started.
Kurz Gesagt's latest video explainer points his easily understood animation gun towards the evilness of banks and how they've transformed over time from a simple idea (helping people trade goods) into what they are now (big behemoth bullies who make money for themselves). It's not all bad though, Gesagt also shows how…