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Bitcoin Daily: ‘DeFi' Becomes Popular Crypto Rebranding Term; G7 Expresses Concern Over Ransomware

PYMNTS

Tron Founder Justin Sun rolled out the Sun Genesis Mining meme token “to promote the vigorous development and possibilities of TRON’s DeFi self-governance community,” according to a blog post, as noted by Bloomberg. Furthermore, the group pointed out that the financial services space has been an attractive focus for ransomware incidents.

Bitcoin 196
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North Korea Likely Behind Ransomware Attacks, According To Symantec

PYMNTS

North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide. That comes care of cyber security firm Symantec, which confirms its researchers found multiple links between early versions of WannaCry and the code in previous outings by the North Korea-backed hacking group.

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Disruptive technology will not kill banks

Jeff For Banks

But wait, ING Direct grew to $92 billion in assets until ING Group divested it to Capital One. Aside from the cyber security of it, let''s think of the implications from a corporate accounting system that wants to interact directly with the bank''s core. Was Vanguard a disruptor? Was ING Direct a disruptor?

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10 Who Had a Rough Year

American Banker

Here are the financial services executives or groups of them who took the heat and will be looking for better times in 2017. Scandal, business models gone awry, missing money and executive shake-ups — 2016 had it all.

Groups 28
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The 2015 GonzoBanker Awards

Gonzobanker

To those community bankers claiming their growing Compliance departments say no to everything. Community bank marketing resources. Two very strong and focused community banks unite to combine big bank reach with community bank style and make the bet that it can scale to $15 billion and beyond. Did we hear a whaaaa?

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Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One

PYMNTS

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). In a recent CAPS exercise, a group of IT professionals from several different banks and FIs participated in a simulation that took place at IBM Security’s Cyber Range in Cambridge, Mass.,

Exercises 119
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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

Just in the last few months, both Freddie Mac and Fannie Mae announced that their respective automated underwriting systems will consider consumer-permissioned cash flow data in the assessment process that will provide key benefits for first-time homebuyers and underserved communities.