The British universal bank and financial services group HSBC says the US equities market has likely hit bottom. In a new interview on Squawk on the Street, the bank’s chief multi-asset strategist Max Kettner says that the S&P 500 closing low at 6,343 on Monday could be the near-term low. “[U]ntil very recently, we didn’t…
Authorities in Chatham County, Georgia say they’re investigating a bank fraud scheme after a woman reported losing more than $76,000 to scammers. The Chatham County Police Department says the victim received a phone call from someone she did not know on February 6th. The caller said her bank account was compromised and that she needed to…
The cybersecurity firm Zimperium says banking malware attacks are skyrocketing with the assistance of artificial intelligence (AI). In a new blog post, Zimperium says malware banking attacks using AI have increased by 400% year-over-year. “What once required weeks of skilled reverse engineering now takes hours. Phishing lures are 5x more convincing. Variants are generated faster than…
An elderly woman from Raleigh, North Carolina has fallen prey to a deceptive scheme that cost her $75,000. Bettilyn Smyth’s ordeal began after she noticed two unfamiliar transactions on her bank account, reports ABC11. Smyth called what she thought was customer support, but it turns out that she contacted a scammer who told her that…
A manager at a US bank allegedly stole tens of thousands of dollars from customers, initiating more than 100 unauthorized transactions. A new grand jury indictment accuses Reagan France of making illicit withdrawals from bank customers while working at Home Savings Bank in Ludlow, Kentucky. France is accused of stealing the funds using different methods….
A bank in the US is settling with customers affected by a cybersecurity breach that exposed sensitive personal information. According to new class action documents, Cadence Bank – a regional bank headquartered in the South – has agreed to a $5.25 million settlement over a data breach tied to vulnerabilities in the third-party file transfer…
A man in Pennsylvania has admitted to draining millions of dollars from people’s bank accounts in a massive fraud scheme. According to Pennsylvania’s Attorney General, 23-year-old Jeremy Antuan Boria Fraticelli, alongside his accomplices, defrauded banks and their customers of over $3 million in three counties of the Keystone State. Fraticelli and his accomplices relied on…
A digital, marketing and communications firm serving US banks has been hit by a massive data breach that impacted more than half a million Americans. In a new filing with the Office of the Maine Attorney General, Marquis Software Solutions says it suffered a major data security incident affecting 672,075 people. According to Marquis, an…
A teller has admitted to stealing more than $15,000 from a credit union’s cash drawer and calling the police to conceal her actions. The United States Attorney’s Office for the Middle District of Pennsylvania says 48-year-old Nicole Hilstolsky pleaded guilty to one count of theft by a credit union employee after stealing $16,247 from the…
A new Android banking trojan that uses a mix of human and artificial intelligence agents to steal from victims is now targeting a payments system relied on by tens of millions of people. According to cybersecurity firm Zimperium, the PixRevolution banking malware is targeting users of Brazil’s PIX payment system by first surveilling them in…