US financial institutions reported nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the Treasury Department. The payments more than doubled from 2020, underscoring the pernicious damage …
NEW YORK (AP) — Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into …
The number of automated teller machine thefts in the United States increased another 10% in 2021 after surging during the previous year, according to the Federal Bureau of Investigation. The FBI’s latest Bank Crime Statistics report shows there were 254 …
FRANKFURT —A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone’s largest banks, the European Central Bank said on Friday. The …
The U.S. cannabis business has a very particular cashflow problem — too much of it. Marijuana can be sold legally in 36 U.S. states and the District of Columbia (D.C.) for medical use and in 15 of them and in …
LONDON, Aug 26 — It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong? …
Banks had more than $43 million stolen from them in 2010, while about $8 million of the amount was recovered. Overall there was about a seven percent drop in crimes against banks in 2010, according to the FBI. Most violations …