KHOU: Will you pass? This quiz website helps bank users outsmart scammers

KHOU: Will you pass? This quiz website helps bank users outsmart scammers. “Next time you get onto your bank’s website or check their phone app, look for a little button that says, ‘would your bank really ask that?’ It will take you to a quiz, and some of those questions just might stump you.”

MarketWatch: Russia’s ‘Google’ Yandex joins super-app race with $5.5 billion offer for online bank Tinkoff

MarketWatch: Russia’s ‘Google’ Yandex joins super-app race with $5.5 billion offer for online bank Tinkoff. “Shares in TCS Group Holdings rose almost 7% on Wednesday, after the Russian bank said it is in talks to sell its online bank Tinkoff to Russian technology giant Yandex for almost $5.5 billion. The two companies said late on Tuesday they had come to an agreement in principle on a cash-and-shares offer that would value London-listed Tinkoff at $5.48 billion, or $27.64 a share. The offer represents an 8% premium over Tinkoff’s closing share price on Sept. 21.”

Bleeping Computer: Dave data breach affects 7.5 million users, leaked on hacker forum

Bleeping Computer: Dave data breach affects 7.5 million users, leaked on hacker forum. “Overdraft protection and cash advance service Dave has suffered a data breach after a database containing 7.5 million user records was sold in an auction and then released later for free on hacker forums. Dave is a fintech company that allows users to link their bank accounts and receive cash advances for upcoming bills to avoid overdraft fees. Subscribers who need extra money to pay a bill can get a payday loan up to $100, but cannot receive another loan until it is repaid. A threat actor released a database containing 7,516,691 users records for free on a hacker forum on Friday.”

Computer Business Review: Coronavirus is challenger banks’ biggest challenge yet

Computer Business Review: Coronavirus is challenger banks’ biggest challenge yet. “Some digital-only banks were struggling even before the lockdown started. Nicu Calcea’s data report asks that as customers of the traditional high street banks turn to online and mobile banking, is Covid-19 killing off the pureplay challenger banks?”

New York Times: Black Business Owners Had a Harder Time Getting Federal Aid, a Study Finds

New York Times: Black Business Owners Had a Harder Time Getting Federal Aid, a Study Finds. “A nonprofit sent Black and white ‘mystery shoppers’ to branches of 17 banks, where they asked for loans under the Paycheck Protection Program. White customers got better treatment.”

MSN Money: Banks Have No Idea Who’s Creditworthy Anymore

MSN Money: Banks Have No Idea Who’s Creditworthy Anymore. “Lenders that are having a tough time spotting risky loan applicants are approving fewer borrowers for credit cards, auto loans and other consumer debt. They are also hunting for new data sets that could indicate who is in financial trouble and how much they need to set aside to cover soured loans. The Federal Reserve last week said the biggest U.S. banks could be saddled with as much as $700 billion in loan losses in a prolonged downturn.”

Phys .org: A COVID-19 crisis looms in the mortgage industry, experts warn

Phys .org: A COVID-19 crisis looms in the mortgage industry, experts warn. “More than two years ago, [Nancy] Wallace and [Richard] Stanton again began raising the alarm that the mortgage landscape that emerged from the last crisis is dominated by ‘nonbank’ lenders who operate with little of their own capital or access to emergency cash. It was another disaster waiting to happen, they warned, and called for increased oversight. No one predicted a shock the size and speed of the coronavirus pandemic, but it’s now upon us, and Wallace fears the worst.”

New York Times: Smashing the Finance Patriarchy With Memes

New York Times: Smashing the Finance Patriarchy With Memes. “Haley Sacks, 28, doesn’t just want women to save; she wants them to invest. Not only that: She wants them to understand the culture of investment banking. To teach them, she posts memes on Instagram. Her account, @MrsDowJones, has compared Deutsche Bank’s trajectory since 2007 to Rob Kardashian; likened the hype ahead of the Uber I.P.O. to that surrounding the newest royal baby; and used Andy Cohen as a proxy for interest rates.”

Krebs on Security: First American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records

Krebs on Security: First American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records. “The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. [NYSE:FAF] leaked hundreds of millions of documents related to mortgage deals going back to 2003, until notified this week by KrebsOnSecurity. The digitized records — including bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and drivers license images — were available without authentication to anyone with a Web browser.”

Krebs on Security: Phishers Target Anti-Money Laundering Officers at U.S. Credit Unions

Krebs on Security: Phishers Target Anti-Money Laundering Officers at U.S. Credit Unions. “A highly targeted, malware-laced phishing campaign landed in the inboxes of multiple credit unions last week. The missives are raising eyebrows because they were sent only to specific anti-money laundering contacts at credit unions, and many credit union sources say they suspect the non-public data may have been somehow obtained from the National Credit Union Administration (NCUA), an independent federal agency that insures deposits at federally insured credit unions.”

Black Hats & White Collars: SEC EDGAR Database Hackers Revealed (Splunk)

Splunk: Black Hats & White Collars: SEC EDGAR Database Hackers Revealed. “Over the past year, I’ve been presenting research at security conferences regarding the increasingly cozy relationship between black hat hackers and white collar criminals. One of the cases I researched was a group of hackers targeting PR firms for non-public insider information that could be monetized by trading stock based on the results of a company’s earnings and other factors. This past week it was revealed that this same group of criminal hackers and traders had become much more brazen and were also involved in the hacking of SEC’s EDGAR system targeting similar information.”