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Early Warning Services (Zelle) Sued Over Lack of Early (or Any) Warnings

Consumers lost almost a billion dollars to Zelle fraud between 2017 and 2023. While that sounds like a lot, Zelle transferred over a trillion dollars last year. Zelle – officially Early Warning Services – is owned by the big banks including Wells, Chase, Bank of America and a few others. While many kinds of bank […]

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Security News Bites for May 30, 2025

US Spy Agencies Setting Up Platform to Buy Your Data There is so much data for the government to acquire without a search warrant that it is a problem. As a result the DNI is working on a system to make it easier to buy our data. This even includes the use of AI tools […]

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Security News Update for December 27, 2024

Feds Sue JPMorgan, Wells, BofA Over Zelle Fraud Given the administration is changing next month and the new administration is not fond of rules that negatively impact business, I don’t know if this lawsuit will go anywhere, but the complaint said it took Zelle years to respond at all to Zelle fraud and in most […]

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Security News Update for the Week Ending May 17, 2024

White House Preps New Cyber Rules for Healthcare After ChangeHealth Breach Anne Neuberger, Deputy National Security Advisor for Cyber says that after a decade of pleading with hospitals to protect your data, they are getting ready to roll out regulations. The hospitals say don’t penalize us by making us protect your data; why do we […]

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Security News for the Week Ending March 15, 2024

No Honor Among Crooks – Darknet Site Extorts Vendors, Buyers I guess we should not be surprised, but darknet narcotics bazaar Incognito Market has posted a threat on its homepage that if its vendors and buyers don’t pay an extortion of between $100 and $20,000, they will publish all of their transaction and chat records. […]

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Security News for the Week Ending February 16, 2024

FCC Bans Robocalls Using AI-Generated Voices This comes after someone generated thousands of robocalls pretending to be Joe Biden telling people not to vote. Unless they get express permission from the recipient of the call, which would, of course, defeat the purpose of the call. The FCC wrote the rule in a way that allows […]

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