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Reddit community WallStreetBets squeezes short sellers - ABC News + MORE Jan 28th
Reddit community WallStreetBets squeezes short sellers ABC News2 short sellers admit defeat, bail out at huge loss as GameStop share surge hits 1000% CBC.caCanadian banks report disruptions as traders pile into BlackBerry, GameStop shares The Globe and MailOpinion: W.... More »
The best GIC rates in Canada for 2024 Jun 25th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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What Happens to Your Points When You Cancel a Rewards Credit Card? Mar 21st
The moment you redeem your credit card rewards can feel exhilarating. Maybe you’ve treated yourself to new merchandise, event tickets, or a free flight. But, when it is time to upgrade your credit card or cancel it altogether, the outcome may not be so joyous.
Depending on the type of rewards car.... More »
As banks feel profit pressure, keep an eye on your fees: Mayers + MORE Mar 15th
As conditions get tougher for Canada’s banks they're looking everywhere for revenues, including basic fees. Here are some tips to keep yours down..... More »
The best GIC rates in Canada for 2025 + MORE Nov 17th
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Global gang stole bank funds from 100 institutions, but untouched customers still at risk
– canadianbusiness.com
WASHINGTON – The hacker gang that looted as much as $1 billion worldwide from banks was unusual: It stole directly from the banks, instead of ripping off their customers.
But this was hardly a bit of Robin Hood banditry that spared innocent account holders. Security experts say consumers still need to keep a close eye on their checking and savings, as epic computer breaches such as this theft — documented in a report issued Monday — are becoming all too common.
“Customers are still at risk,” said Sergey Golovanov, a researcher at the Russian cybersecurity firm Kaspersky Lab that released the report. “Criminals had access to all banking infrastructure, so they were able to get any data about customers.”
Doug Johnson, senior vice-president at the American Bankers Association, said there’s no evidence that any U.S. bank has been a victim of this particular breach. Still, the report found that some of the proceeds were deposited with banks in China and the United States…
But this was hardly a bit of Robin Hood banditry that spared innocent account holders. Security experts say consumers still need to keep a close eye on their checking and savings, as epic computer breaches such as this theft — documented in a report issued Monday — are becoming all too common.
“Customers are still at risk,” said Sergey Golovanov, a researcher at the Russian cybersecurity firm Kaspersky Lab that released the report. “Criminals had access to all banking infrastructure, so they were able to get any data about customers.”
Doug Johnson, senior vice-president at the American Bankers Association, said there’s no evidence that any U.S. bank has been a victim of this particular breach. Still, the report found that some of the proceeds were deposited with banks in China and the United States…
