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College Pays Off Hackers With $28K In Bitcoin

PYMNTS

In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. The Los Angeles Valley College District decided to pony up and pay the digital ransom to the tune of $28,000 in bitcoin. Francisco C.

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Payments And Commerce: A Year In Quotes

PYMNTS

I do not want any American to look back in 20 years and try to figure out how and why America’s banks lost the leadership position in financial services. Now Charney is back in the T-shirt business, working out of South Central Los Angeles and preparing to jump from selling to retailers to selling to consumers as well. “We

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2019: What To Take Forward And What To Leave Behind

PYMNTS

It’s almost as bad as saying it’s the “Year of The Sloth” – since, let’s face it, pigs are not typically prized for their wisdom, energy, vision or leadership qualities across the animal kingdom. Chinese tradition, however, takes a different view. I must admit, I am fascinated by Elon Musk’s Hyperloop.

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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Hats off to a decade of strong leadership and hard work. A Shout Out for a Gutsy Call – Scott Reckard, a reporter for the Los Angeles Times, who first wrote about Wells Fargo’s branch pressure tactics in 2013. 100% self-service online account opening to protect against employee account opening fraud? Well done.

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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Hats off to a decade of strong leadership and hard work. A Shout Out for a Gutsy Call – Scott Reckard, a reporter for the Los Angeles Times, who first wrote about Wells Fargo’s branch pressure tactics in 2013. 100% self-service online account opening to protect against employee account opening fraud? Well done.

Utah 60
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The 2015 GonzoBanker Awards

Gonzobanker

Best Leadership Performance in a Core Conversion. An old adage that never gets old: it matters when leadership hangs out in the foxhole. That, coupled with snail-slow merchant adoption and the explosive growth of card not present purchases, means it will be a while before we see material fraud benefits from EMV. Y2K Redux Award.

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11 Lessons From Startup Chapter 11s

CB Insights

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business.

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