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Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. 727,000 was defrauded from a Missouri trucking company in an employee expense scam , reports in FreightWaves said.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). a financial services holding company based in Kansas City, Missouri. Brex also announced Katie Biber has been named chief legal officer.

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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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Amazon, Travelers Team To Sell Smart Home Kits

PYMNTS

10) that it has teamed up with Amazon to offer smart home kits, insurance and risk management information through a digital storefront on Amazon, at Amazon.com/Travelers. customers in Colorado, Missouri and Wisconsin. The Travelers Companies announced Wednesday (Oct. Travelers said it expects to add more states later this year.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

The company helped build the Libra Association, a new organization incorporated in Switzerland, that would manage the currency. Richard Blumenthal of Connecticut, said after the dinner that he had brought up the “repeated failures” of the firm in election security as well as consumer privacy.

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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. .”

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BEC Run Out Of Detention Center Nets Millions

PYMNTS

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. In terms of individual fraud cases , in Missouri, a former senior executive for a mental health services provider pleaded guilty to a count of concealing knowledge of a felony.

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