Capital One systems breached by Seattle woman, U.S. says

Payments Source

Capital One Financial Corp. lost data from as many as tens of millions of credit card applications after a Seattle woman hacked into a cloud-computing company server, federal prosecutors in Seattle said. Data breaches Credit cards Banking Capital One

Hacker Arrested In Capital One Breach Affecting 100M+ 

PYMNTS

A former Amazon systems engineer working for Capital One is said to be the woman behind a breach that accessed the data of over 100 million people. Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached.

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Data Dive: The Uncertain Future Edition, MoviePass, Credit Cards And Seattle Taxes

PYMNTS

We’ve got 17 months’ worth of cash without further raises of capital,” the executive said. The paper noted that American Express, Capital One, Citigroup, Discover Financial and Synchrony Financial had a median return on their assets of 2.1 Seattle Taxation Change of Heart. Reports indicate that the tax comes as Seattle considers the housing crisis at least partly brought on by a local economic boom that has spiked the cost of local real estate.

Postmates To Hire More Engineers As It Expands In The Seattle Area

PYMNTS

The company is boosting the number of engineers it is hiring in and around the Seattle, Washington area. The delivery company has nine openings for engineers around Seattle, according to a report in GeekWire , citing job listings at Postmates.

Former Amazon worker is accused in cloud hack of Capital One

Bank Innovation

Capital One Financial said data from about 100 million people in the U.S. was illegally accessed after prosecutors accused a Seattle woman identified by Amazon as one of its former cloud service employees of breaking into the bank’s server.

July Data Breach Prompts Transfer Of Capital One Security Chief

PYMNTS

Capital One ’s chief information security officer (CISO), Michael Johnson, is being transferred to a new position following the bank’s colossal cyberattack in July, The Wall Street Journal (WSJ) reported Thursday (Nov.

Corporate Card Data Spared In Capital One Hack

PYMNTS

Corporate credit card data was not exposed in the massive Capital One data breach that came to light earlier this week, according to Business Travel News reports. Capital One uses the cloud hosting services of AWS.

Italian Bank UniCredit To Investigate Capital One Data Hack

PYMNTS

One of Italy’s most well-known banks, UniCredit, said that it was going to start its own probe into the Capital One data breach, according to Reuters. . “On Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached.

Feds Believe Capital One Hacker Is Danger To Society

PYMNTS

Federal prosecutors believe that the woman allegedly responsible for the Capital One hacking is a danger to society who needs to stay in prison while awaiting trial. Thompson is accused of stealing personal data on more than 100 million Capital One customers.

Capital One Hack Prompts Lawsuit, NY AG Probe

PYMNTS

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . Also on Tuesday, a man affected by the Capital One breach filed a lawsuit against the firm.

Highspot Secures $60M In Funding Round Led By ICONIQ Capital

PYMNTS

ICONIQ Capital led the round, with participation from new investor Sapphire Ventures and all existing investors including Madrona Venture Group, OpenView, Salesforce Ventures and Shasta Ventures. Investments funding Highspot Iconiq Capital investments News What's Hot

Impact Roadshow | Seattle, WA

Filene

It was also a great forum for the Coast Capital team to engage with peers within the organization and across the industry. 10:00 a.m. - 12:00 p.m. Local Host: Northwest Credit Union Association. Filene Host: Tansley Stearns.

Carpool Startup Scoop Raises $60M In Activate Capital-Led Round

PYMNTS

The funding round was led by Activate Capital with participation from Goldman Sachs, NGP Capital, Total Group, BNP Capital and others. Scoop launched in its home state of San Francisco before heading to Seattle.

HomeStreet in Seattle Raises $65M from Debt Offering

American Banker

HomeStreet in Seattle has raised $65 million from issuing senior debt. capital small-business strategic-alternatives community-bankingThe $4.8 billion-asset company said in a press release Friday that the proceeds from the offering with support growth and other general corporate purposes.

Rick Winslow, Kabbage chief experience officer, to speak at Bank Innovation Ignite

Bank Innovation

Rick Winslow, chief experience officer at small business lending company Kabbage, will join Bank Innovation Ignite this March 2-3 in Seattle as panelist for a session entitled “The future of banking customer experience.”

Centana’s Eric Byunn: The cloud is new territory for many banks

Bank Innovation

Byunn will speak at Bank Innovation Ignite in Seattle on March 2-3, on a panel entitled “Embedded Finance: The Automation of Everything Financial.” Automation Bank Innovation Ignite Capital & Funding Carousel Innovation Strategy Startups 2020 Centana Growth Partners fintech

Seattle-Based Finagraph Completes $5 Million Financing

Fintech Labs Insights

The company, which demoed at FinovateSpring 2013 as BBC Easy, will use the fresh capital for both product development as well as increasing its market reach in North America. The post Seattle-Based Finagraph Completes $5 Million Financing appeared first on Finovate.

Remitly secures $220m to add services beyond remittances

Bank Innovation

Remitly, a Seattle-based online international money transfer service, announced $220 million of new financing on Wednesday to expand its global customer reach and stretch beyond remittances into other areas of financial services.

11 Startups Show Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

Eleven startups participated in the Demovation challenge at the Bank Innovation Ignite conference in Seattle earlier this month. Bank Innovation Ignite 2019 Capital Commerce Compliance Exclusive Experience & Design? Community Capital Technology Diro Exagens Corp.

Catch the Early Bird Rate for Bank Innovation Ignite Before It Flies Away!

Bank Innovation

Interested in joining us for Bank Innovation Ignite 2019 on March 11-12 at the Hyatt Olive 8, Seattle? In Seattle, you’ll see four Ignite Ideas sessions from the following fintech innovators: Lisa Frazier, Head […].

Cap One Employees Warned Of Security Issues Pre-Hack

PYMNTS

Capital One employees raised red flags over security risks before the company suffered a massive data breach. She added that the cybersecurity unit’s total head count has risen over the past several years, explaining that “the Cyber Team is a net importer of talent within Capital One.”.

BI Ignite 2019: HSBC Bank USA’s Innovation Head Prefers Fintech Partners to Building In-house

Bank Innovation

When it comes to innovation, banks in 2019 should look to partner first, buy second and lastly build, Jeremy Balkin, head of innovation at HSBC Bank USA said at BI Ignite 2019 in Seattle earlier this week. Artificial Intelligence Bank Innovation Ignite 2019 Capital Daily Post 2 Exclusive Open Banking Payments Premium Retail Avant BI Ignite HSBC Bank USA Marstone Remitly Samsung

INV Opens Demo Day to FI Attendees at Bank Innovation Ignite

Bank Innovation

Previously, only INV Fintech members were permitted to attend Demo Day on March 11 in Seattle. INV Fintech, the technology accelerator run in partnership with Fiserv, has opened its Demo Day event to financial institution executives attending Bank Innovation Ignite.

Dan O’Malley, CEO of Numerated, to Speak at Bank Innovation Ignite

Bank Innovation

will speak at Bank Innovation Ignite in Seattle in March 2019 on Building the Future of Banking. Corporate Innovations Lending Operations Bank Innovation Ignite 2019 Capital One CFPB Eastern Bank FIS Fiserv HSBC Numerated PerkStreet FInancial small business lending Venrock Wells Fargo

Remitly Grabs Cash ($38.5 Million) and Heads to Canada

Bank Innovation

Now Remitly itself is crossing the border – just a few miles north of its Seattle headquarters. Capital Mobile Payments Startups Technology Canada global remittances RemitlyGlobal remittance startup Remitly has a history of helping send money across borders.

Lawsuits Pile Up For Cap One, Amazon Post Hack

PYMNTS

Capital One and Amazon Web Services are being sued by customers due to the massive hack that impacted more than 106 million people, GeekWire reported. She formerly worked for Amazon Web Services, which hosted the Capital One database that was breached.

Airbnb Challenger WhyHotel Scores $20M For Luxury Room Rentals

PYMNTS

The funding round was led by Harbert Growth Partners, with other participants including Highland Capital Partners, Camber Creek, Working Lab Capital, Geolo Capital, Revolution’s Rise of the Rest Seed Fund and former Bain Capital Partners MD Mark Nunnelly all participated in the round.

Banks Bring Coffee Shops To New Branches

PYMNTS

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino.

Cap One Hack Hits 100M Credit Card Applications

PYMNTS

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. The Washington Post reported that the FBI has arrested a Seattle area woman, Paige A.

Questions Being Raised About Viability Of The Cloud For FinServ

PYMNTS

The woman responsible for the Capital One hack reportedly pulled it off through a vulnerability in the cloud. The FBI arrested a Seattle area woman, Paige A. Once she found the Capital One data, she was able to download it without triggering any alerts.

Microsoft’s Blockchain Guru Marley Gray Joins Speaker Faculty

Bank Innovation

Gray will discuss corporate banking and blockchains on March 1 in Seattle with JP Jolly of Citigroup and Deva Annamalai of Fiserv. Capital Cards Commerce Compliance Corporate Innovations Insurance Lending Marketing Mobile Online Operations Payments PFM Retail Risk Security Social Media Startups Technology Virtual Currency Wealth Management Wearables Azure BlockChain Microsoft

The Call for ‘Trust’ in Fintech Startups

Bank Innovation

SEATTLE — The Silicon Valley model for its startups is well-known. Capital Cards Commerce Compliance Corporate Innovations Insurance Lending Marketing Mobile Online Payments PFM Retail Risk Security Startups Technology Virtual Currency Wealth Management Wearables Dyme Lending Club LendKey Remitly SoFi Square Stripe Student Lending VenmoHeck, there’s a Wikipedia for it. It centers on a simple principle: build a business that scales, no matter the initial profitability.

DEMOvation Finalists for Bank Innovation 2016 Announced

Bank Innovation

After a difficult deliberation, 10 early-stage fintech companies were selected by a team of judges to compete in this year’s DEMOvation Challenge, to take place in Seattle on March 1. Capital Cards Commerce Compliance Corporate Innovations Insurance Lending Marketing Mobile Online Operations Payments PFM Retail Risk Security Slider Social Media Startups Technology Virtual Currency Wealth Management Wearables DEMOvationMany applied, few were chosen.

Teacher-Focused Homebuying Startup Lands $7.5M

PYMNTS

Landed said it has helped 200 teachers so far in areas like San Francisco Bay, Seattle and Denver. Investments capital fundraising houses Landed News series a Startup What's HotA startup called Landed that helps teachers buy houses has raised $7.5

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Lighter Capital Closes $9 Million Series B Funding Round, Raises $100 Million to Lend to Tech Startups

Fintech Labs Insights

Lighter Capital made a two-fold funding announcement last week. First, the Seattle-based company closed $9 million in Series B funding. Investors include: Voyager Capital. Summit Capital. Individual investors, including Lighter Capital’s Chairman, Jeff Seely.

B2B Startups Integrate Artificial Intelligence To Impress Investors

PYMNTS

Seattle-based Suplari enhances the eProcurement process with artificial intelligence, with a focus on helping the enterprise identify cost-savings opportunities and supplier risk they might have otherwise missed. Blacksoil Capital linked B2B eProcurement firm IndustryBuying with nearly $2 million in venture debt, reports in Inc42 said this week. The India-based startup has already seen funding from Kalaari Capital, Saif Partners and Beenext.

AltFin Proves Its Staying Power With Asian Investors

PYMNTS

More than $150 million in venture capital bolstered the B2B FinTech market this week, and while investors made big steps into areas like human resources, fleet management and artificial intelligence (AI), it was an old favorite that saw the most, and largest, investment rounds: alternative lending. Capital Match. Singapore’s Capital Match Holdings announced a Series B funding round this week, raising an undisclosed sum by B Capital Group, according to e27 reports.

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Ridesharing Startup Grab Aiming To Raise More Than $1B From Funding Round

PYMNTS

may raise more than $1 billion investment from strategic investors in a venture capital funding round including Alibaba and SoftBank. billion in venture capital in Grab through his eCommerce company or Ant Financial, the financial arm of the company. Didi Chuxing, the leading carsharing company in China, is already an investor in Grab and is mulling participating in the latest venture capital round. Grab , the ridesharing startup in Singapore similar to Uber in the U.S.,

Uber Looks To Buy AI Startup For Self-Driving Tech

PYMNTS

Sources are saying that Uber wants to acquire Seattle startup Mighty AI. The company — originally called Spare5 — was launched in 2014 out of Seattle-based VC Madrona Venture’s labs, a rival of Amazon’s Mechanical Turk program.

Blockchain Startup’s $4 Billion ICO Outshined By AltFin Funding

PYMNTS

This week’s venture capital (VC) investment tracker finds that both blockchain and alternative finance are leading markets. Based in Seattle, Qumulo offers businesses data management technology via its cloud-based file storage solution. Goldman Sachs and Western Digital also participated in the round, reports said, as did existing backers that include Highland Capital Partners, Kleiner, Perkins, Caufield & Byers, Madrona Venture Group and Valhalla Partners.

Real Estate Startup Bungalow Secures $64M In Funding

PYMNTS

Since its launch, the company has operated in the Bay Area, Los Angeles, New York, San Diego and Seattle. Investments Bungalow funding investments investors News Real Estate Startup rental market Startup Venture Capital venture funding What's HotResidential real estate startup Bungalow announced it has secured $64 million in funding: a $14 million Series A led by Khosla Ventures, Atomic, Founders Fund, Cherubic Ventures and Wing Ventures, as well as a $50 million debt facility.

Saltbox Opens Co-Warehousing Space For SMBs

PYMNTS

The company said Atlanta has a diverse and growing ecosystem, with new firms, new talent, more connectivity, and greater capital. And, in May, a Seattle-based startup that manages an on-demand warehouse marketplace, Flexe , notched $43 million in a series B funding round.

Zuora Named Premier Partner For Amazon Pay

PYMNTS

In a press release , Zuora said that merchants can now integrate Amazon Pay into their subscription checkout, and that The Seattle Times and The Telegraph are now using the combination of Zuora and Amazon Pay. Zuora announced Thursday (Oct.