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A bank in the US is settling with customers affected by a cybersecurity breach that exposed sensitive personal information.
According to new class action documents, Cadence Bank – a regional bank headquartered in the South – has agreed to a $5.25 million settlement over a data breach tied to vulnerabilities in the third-party file transfer software MOVEit, which was used by the bank and allowed...
Hundreds of thousands of Americans are being warned about a data breach at the financial services firm Hightower Holding.
In a report sent to the Maine Attorney General, the Chicago-based firm says user credentials were compromised, triggering unauthorized access to its computer network in early January.
An investigation later determined that specific files were downloaded without authorization...
The Federal Reserve Board (FRB) says a US bank employee stole a six-figure sum from a customer.
When Brenda Fuson worked as a banker at a Regions Bank branch in Smithville, Tennessee, she stole $327,500 from a customer, says the FRB.
From April 2022 to July 2024, Fuson withdrew $323,500 from the customer’s accounts in a series of transactions.
She also took $4,000 from the customer’s cash box.
As...
A Washington-based employee benefits administrator has suffered a security breach and placed the data of 2,697,540 Americans at risk.
In a notice of security incident shared with the Office of the Maine Attorney General on March 18th, Navia Benefit Solutions says that it discovered a suspicious activity in its network on January 23rd.
After launching an investigation, the firm determined that...
The former CEO of Nodus International Bank has pleaded guilty for leading a scheme that fraudulently siphoned at least $24.9 million from the now closed Puerto Rico-based institution.
In a statement, the US Justice Department says Tomás Niembro Concha conspired with others to conceal conflicts of interest in certain investments and loans that ultimately led to the collapse of Nodus Bank in 2023....
A US bank has agreed to pay hundreds of thousands of dollars to compensate its customers after their data fell into the hands of an unauthorized actor.
According to the settlement administrator’s portal, the Savannah, Georgia-based lender, First Chatham Bank, will pay $475,000 to end a class action lawsuit filed following a data breach that happened in September of 2024.
The breach happened when...
The founder and CEO of investment management firm DoubleLine Capital, Jeffrey Gundlach, says commodities present a better investment opportunity compared to other sectors.
In a new CNBC interview, Gundlach says that based on the Chicago Board Options Exchange’s Volatility Index (VIX), a tool used to measure the level of volatility expected by the stock market, he’s “not terribly enthusiastic”...
A man in Pennsylvania has admitted to draining millions of dollars from people’s bank accounts in a massive fraud scheme.
According to Pennsylvania’s Attorney General, 23-year-old Jeremy Antuan Boria Fraticelli, alongside his accomplices, defrauded banks and their customers of over $3 million in three counties of the Keystone State.
Fraticelli and his accomplices relied on a strategy of posing as...
March 27th, 2026 – Road Town, British Virgin Islands
Expanding stablecoin infrastructure into payments-native networks, USDT0, the unified liquidity network for the world’s most widely used stablecoin, is live on Tempo, a payments-native Layer 1 blockchain built for real-world financial activity at scale.
USDT0 is the fastest-scaling cross-chain liquidity network that moves the most volume...
The largest bank in the US is slashing its year-end target for the S...