Data breaches

Tragedy in Florida, mortgage data breach, steel-cage match for deposits: Top stories of the week

01/25/19

A man entered a SunTrust branch in Sebring, Fla., and shot and killed five women, four of whom were bank employees; 24 million mortgage documents exposed in data security lapse; the battle for deposits is like 'a steel-cage' match; and more from this week's most-read stories.

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Is customer information safer with a blockchain database?

01/24/19

Spring Labs is spearheading a group of prominent fintech lenders to use a blockchain-based, peer-to-peer network to share consumer information to help with ID verification on loan applications.

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Consumer harm from data breaches is a black box

01/14/19

Widespread hacks often make front-page news, while measuring the actual harms to customers when personal financial information is stolen gets little attention.

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Former FDIC analyst found guilty of stealing living will data

12/18/18

A former senior staffer at the Federal Deposit Insurance Corp. was found guilty of embezzling confidential information about banks from the agency before she left her post, and could face up to 20 years in prison.

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House panel slams Equifax for breach but offers no legislative fix

12/10/18

Republicans on the House Oversight Committee concluded that last year’s massive data breach at Equifax was fully preventable, but stopped short of recommending new laws aimed at averting future hacks. Democrats called the final report a “missed opportunity.”

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What will it take for Congress to act on a data breach?

12/07/18

Familiar recriminations and calls for legislation from lawmakers followed the massive hack of the Starwood hotel chain, but will Capitol Hill actually do anything?

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One breach standard is better than 50 state regimes: Treasury official

11/27/18

The comments by Brent McIntosh, Treasury's general counsel, are at odds with concerns by state regulators and consumer groups who fear that a national standard on how firms handle data breaches could weaken pre-existing rules.

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Wells admits wrongful foreclosures; Goldman lawyers up

11/07/18

The bank says a calculation error led it to deny help to distressed homeowners; a former U.S. deputy attorney general will help with in the 1MDB fraud scandal.

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HSBC suffers data breach on small number of online accounts

11/06/18

The breach may have occurred through a technique called "credential stuffing," in which hackers who have stolen passwords for other websites try them out on an online banking site.

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Big six banks roll; Trump again rails against rate hikes

10/17/18

Main Street and Wall Street banks show strong earnings gains over last year; the president calls the Fed’s rate raising policies “my biggest threat.”

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