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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing.

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BEC Run Out Of Detention Center Nets Millions

PYMNTS

He and an accomplice operated from Nigeria, targeting the U.S., In terms of data illuminating larger trends, the National Cyber Security Alliance found that roughly 50 percent of smaller firms have been victim of a cyberattack. New Zealand and a number of other countries. The scams netted an alleged $25 million from 2014 to 2016. “In

Idaho 153
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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

Researchers found that furloughed employees are widely reporting that their bosses have asked them to continue to conduct their normal work duties despite being furloughed in order for their employers to secure funding. companies between April and May this year , Abnormal Security data revealed, according to Helpnet Security reports. .”

Fraud 148
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Taking A Customer-Centric Approach To Fighting Fraud

PYMNTS

Social distancing mandates during the COVID-19 pandemic have advanced banking’s trend toward omnichannel operations. Using easy-to-access, ubiquitous communication tools like mobile solutions is thus important for banks because it allows them to seamlessly involve customers in security efforts.

Fraud 139
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Uber’s Rough Ride Of A Week

PYMNTS

The day before, the news broke that cybercriminals had managed to steal the data of 57 million customers and drivers. At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. drivers’ license numbers. drivers’ license numbers.

New York 144
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The future of workplace flexibility

Independent Banker

By early 2022, of its approximately 1,200 non-branch personnel—including lenders, wealth management and support departments—70% were hybrid, 20% were remote and 10% were fully in the office. has begun surveying its managers to determine that path forward. “I Adrian Breen, The Bank of Missouri. WesBanco, Inc. billion-asset bank.

Missouri 142
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Banking's Total Return Top 5: 2014 Edition

Jeff For Banks

Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. It supports the claim by highlighting its efficiency ratio is in the top 2% of UBPR peers, and its operating expenses as a percent of average assets are in the top 12% of peer banks. Congratulations to them.