Banking

apple-ios-trojan-allows-hackers-to-access-bank-accounts,-security-researchers-warn-–-here’s-how-it-works
Posted by | February 25, 2024
Apple iOS Trojan Allows Hackers To Access Bank Accounts, Security Researchers Warn – Here’s How It Works

Security researchers say they’re tracking a new Apple iOS trojan that’s designed to give criminals access to victims’ bank accounts. The cybersecurity firm Group-IB says the trojan was deployed by...

Continue Reading
Posted by | February 16, 2024
Revolut to Introduce Crypto Exchange Targeting ‘Advanced Traders’

Digital bank Revolut is testing a beta version of a cryptocurrency exchange targeted at "advanced traders." The exchange will offer lower fees than trading through the Revolut app alongside enhanced...

Continue Reading
Posted by | February 3, 2024
US Banking Giant Owes Millions of Dollars to Customers After Failing to Protect and Reimburse Victims of Fraud for Years: New York Attorney General

New York is suing one of America’s biggest banks for allegedly implementing weak security measures, deceiving customers about their rights and refusing to reimburse fraud victims as mandated by law....

Continue Reading
Posted by | January 27, 2024
Apple Security Alert Issued As New Scam Drains Bank Accounts, Steals Personal Info

Security experts are warning millions of Apple users about a new scam designed to extract your sensitive personal and banking information. The scam comes in the form of several fake...

Continue Reading
Posted by | January 21, 2024
JPMorgan Chase Pays $18,000,000 Fine for Forcing Customers To Stay Silent About Bank’s Bad Behavior

The U.S. Securities and Exchange Commission says JPMorgan Chase will pay an $18 million fine for actively working to stop customers from reporting illegal activity at the leading US bank....

Continue Reading
Posted by | January 20, 2024
Scammers Drain $20,000 From JPMorgan Chase Account As ‘Banking Loophole’ Leaves Customer Without Protection: Report

JPMorgan Chase says a customer in Utah will not be reimbursed after scammers ripped $20,000 from her account while she was on vacation. Kathryn England was in Florida when someone...

Continue Reading
Posted by | January 13, 2024
World’s Ninth-Largest Bank Paying $658,000,000 Settlement After Failing To Reveal Risk of Mortgages

French banking giant BNP Paribas has reached a $658 million settlement with regulators to compensate customers who were not properly informed about risky mortgages. The loans in question were taken...

Continue Reading
Posted by | December 9, 2023
Banking Giant Pays $122,900,000 Fine for Helping Americans Hide $5,600,000,000 in Secret Accounts

A private bank in Switzerland has agreed to pay a $122.9 million fine for helping wealthy US citizens hide a staggering $5.6 billion in assets. According to the Justice Department,...

Continue Reading
Posted by | December 3, 2023
Bank of America To Pay $12,000,000 Fine for Repeatedly Breaking the Law, Sending False Information to Regulators

One of the largest banks in the country is getting slapped with a multi-million dollar fine from the Consumer Financial Protection Bureau (CFPB). The agency says Bank of America will...

Continue Reading
Posted by | December 2, 2023
$684,000,000,000 in Unrealized Losses Hammer US Banks As Fed Reveals Surge in Underwater Assets

US banks are now saddled with a staggering $684 billion in losses on securities, according to a new report from the Federal Deposit Insurance Corporation (FDIC). The agency says the...

Continue Reading