In January, 16 individuals were indicted in a $10 million federal income tax fraud scheme that was initially uncovered by the $262 million Widget Financial Federal Credit Union in Erie, Pa. last spring, according to federal prosecutors.
Widget Financial FCU uncovers $10M scheme by individuals who tried to open 3,493 accounts at 443 banks and credit unions.
Read about the credit union industry's latest new hires, promotions, retirement announcements and other career milestones.
Visa service streamlines purchase by bypassing entering card number. Ninety financial institutions now aboard.
Big banks and super regionals moving away from areas with low to moderate population, SNL branching study finds.
Checks to range from $300 to $125,000 as result of enforcement actions against 13 servicers, including the nation's largest banks.
Thirteen institutions expected to also undertake loss mitigation efforts focused on foreclosure prevention in OCC/Fed settlement.
The bland name hides the lethal intent of DDoS when aimed at financial institutions, an event that has become increasingly common as dozens of large banks have recently found their online operations crippled, sometimes for days by highly skilled cyber-attackers.
Technology writer Robert McGarvey this week looks at what could be most sinister about distributed denial of service attacks.