Financial institutions around the world were recently frightened again by news of a massive attack that siphoned nearly $2.5 billion from commercial accounts held at multiple financial institutions in the U.S., Europe and Latin America.
The theme of the news this week has been underdogs winning their battles by scrapping it out for what’s right. From credit unions to regulators, these unexpected victors deserve to bask in their spoils of the moment.
The $49 billion Navy Federal Credit Union is now offering its 4 million members upgraded iPhone and Android mobile banking apps.
The 273,000 members of the $3.7 billion Patelco Credit Union in Pleasanton, Calif., can now deposit checks with their iPhones or Android devices.
Creating and sharing, for sale, its in-house development work has earned the $3.4 billion Redstone Federal Credit Union the 2012 Model Bank Award from research consultancy Celent.
The 51,900 members of the $747 million Texas Trust Credit Union in Mansfield, Texas, are now being offered mobile banking.
Personal financial management specialist MoneyDesktop has bought a fellow Provo, Utah, company, mobile PFM specialist MoneyReef, the companies said.
The question does not get any blunter. When cyber-criminals empty a bank or share draft account, who is left holding the losses?
Pop quiz: Which statement is true? Mobile banking is becoming more secure. When it comes to mobile security, the crooks are gaining.
If anyone would know what makes digital documents secure on the Web, it would be agents of the Central Intelligence Agency.