DoorDash breach exposes data of nearly 5 mn users
On-demand restaurant meal delivery service DoorDash on Thursday said a breach of its system exposed nearly five million customers, eateries and "Dashers" to a data breach.
Sep 27, 2019
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On-demand restaurant meal delivery service DoorDash on Thursday said a breach of its system exposed nearly five million customers, eateries and "Dashers" to a data breach.
Sep 27, 2019
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The head of the Libra Association, created by Facebook to launch its new cryptocurrency, said Thursday the project's leaders would aim to "reassure" regulators who have voiced mounting concern over the virtual money.
Sep 26, 2019
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A Russian hacker has admitted to his involvement in one of the biggest thefts of consumer data from a U.S. financial institution.
Sep 24, 2019
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PayPal is cautious about the future of Facebook-backed cryptocurrency Libra, which is slated to debut with the pioneering digital payments firm as part of its oversight association.
Sep 14, 2019
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International outcry is mounting over Facebook's Libra—with central banks, governments and regulators railing against the social media giant's upstart cryptocurrency.
Sep 13, 2019
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France warned Thursday it will block development of Facebook's planned Libra cryptocurrency in Europe because it threatens the "monetary sovereignty" of governments.
Sep 12, 2019
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Twitter on Wednesday halted users' ability to fire off tweets via text messages as it seeks to fix a vulnerability that led to CEO Jack Dorsey's account being hijacked.
Sep 5, 2019
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The cybercriminal who steals information or money from a small business is probably a master of deception and manipulation as well as a techno-expert.
Sep 4, 2019
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Even with considerable security precautions in place, Twitter chief executive Jack Dorsey became the victim of an embarrassing compromise when attackers took control of his account on the platform by hijacking his phone number.
Sep 4, 2019
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No cash, no cards, no wallet, and no smartphones: China's shoppers are increasingly purchasing goods with just a turn of their heads as the country embraces facial payment technology.
Sep 4, 2019
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A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:
Because of the important role depository institutions play in the financial system, the banking industry is generally regulated with government restrictions on financial activities by banks varied over time and by location. Current global bank capital requirements are referred to as Basel II. In some countries, such as Germany, banks have historically owned major stakes in industrial companies, while in other countries, such as the United States, banks have traditionally been prohibited from owning non-financial companies. In Japan, banks are usually the nexus of a cross-share holding entity known as the "keiretsu". In Iceland, banks followed international standards of regulation prior to the recent global financial crisis that began in 2007.
The oldest bank still in existence is Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.
A Bank's main source of income is interest paid on loans. A bank pays out at a lower interest rate on deposits and receives a higher interest rate on loans. The difference between these rates represents the bank's net income. Banks also generate non-interest income from service fees for Retail and Business banking products, transactional fees, or other non-traditional services such as Trust and Wealth Management consulting, Insurance, Cash Management services, Mortgage loan closing costs and points.
This text uses material from Wikipedia, licensed under CC BY-SA