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FDIC's Ninth Cybersecurity Breach by Former Employee Revealed by Lawsuit

Payments Source

government is prosecuting a former agency employee over a 2012 breach. As the Federal Deposit Insurance Corp. grapples with a series of newly revealed cybersecurity incidents, the U.S.

FDIC 64
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FDIC's Ninth Cybersecurity Breach by Former Employee Revealed by Lawsuit

American Banker

government is prosecuting a former agency employee over a 2012 breach. As the Federal Deposit Insurance Corp. grapples with a series of newly revealed cybersecurity incidents, the U.S.

FDIC 40
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April 2014: A Busy Month for Fraud Alerts!

Jack Henry

Everyone is well aware of the DDoS attacks that have been plaguing FIs since 2012. The following steps are expected of FIs: Maintain an information security program and risk assessment, Monitor Internet traffic to your website in order to detect an attack (establish a baseline so you can easily discern an increase in activity).

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Banking's Total Return Top 5

Jeff For Banks

This has led to $863 million of covered loans (loss share arrangements with FDIC), and a yield on such loans of 8.69%, according to its latest investor presentation. This has led to a mind blowing net interest margin of 6.01% for the quarter ended September 30, 2012. It''s third quarter 2012 ROA was 1.15%. what financial crisis?"

Texas 78
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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 7,270 $4,100 4 Revolut 3004 2015 London 11,460,000 $1,700 5 Chime 2727 2012 SF 10,710,000 2.6 2 $520 12 Acorns 613 2012 LA 2,170,000 2.3 2 $520 12 Acorns 613 2012 LA 2,170,000 2.3

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Launching: Self Lender Helps Build Credit with Digital "Credit-Builder" Loans

Fintech Labs Insights

Self Lender reports the payments to credit bureaus as a secured loan. The funds are held in an FDIC-insured account. Banks and credit unions also offer CD/saving secured loans. But those deposit-secured loans generally require a good sum of cash to get started. Source: NY Times, 6 Feb 2012.

Denver 25
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Wading Through the Waters

Independent Banker

Recently Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, followed by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). Loans in subordinate lien position to a senior lien secured by the same improved property for which flood insurance is being provided. Small-lender exception.