article thumbnail

Ferrari Ransom Attack Is 'Platinum Card' of Data Breaches

SecureWorld News

So far, Ferrari is yet to find evidence that payment details, bank account numbers, or other sensitive payment information was accessed or stolen. Ferrari customers are typically very high net worth individuals, so this data breach is almost the 'platinum card' of data sets compromised.

Data 87
article thumbnail

Will financial advice be delivered primarily through Netflix-like subscription platforms?

Trends in the Living Networks

Of course the 80% of “new” wealth management clients will on average be less affluent than the industry’s current client base. However from the advent of digital platforms, many private banks and wealth managers were surprised by the speed at which their High Net Worth clients chose to migrate to digital interfaces.

Financial 136
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

5 Email Phishing Scams that Actually Work and Might Risk Your Business

Galido

The Bank Angle. One of the most popular ploys when it comes to phishing scams comes in the form of an email purporting to be from a bank or financial institution, asking for you to confirm your credentials for security purposes. The irony being, of course, is that nobody had access to your account until you clicked that link.

Banking 105
article thumbnail

Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

The company, which reported net revenues of $3.6 It has also made significant acquisitions, notably of Newfoundland-based Verafin, whose AI-based financial crime management solution supports 2,400 banking customers globally. Nasdaq, of course, also reports to all regulatory agencies such as the SEC and FINRA.

Financial 116
article thumbnail

Employee engagement: 10 best practices for improving your culture

CIO Business Intelligence

The trick, of course, is doing this well. And don’t just read the AI summary or data readout, says Laura Merling, chief transformation and operations officer at Arvest Bank. Getting a quick Net Promoter Score [ NPS ] is great for this.” We are doing a transformation,” she says of her work at Arvest Bank. “We It’s amazing.”

Survey 133
article thumbnail

7 ways to spot hidden IT talent within your ranks

CIO Business Intelligence

It’s a critical characteristic because the technology we were taught in school or in a course is likely going to be retired and replaced in the very foreseeable future,” she observes. Fintech technologists are at the forefront of the digital banking evolution, so it’s vital to remain adaptable to business needs.”

Agile 98
article thumbnail

Robinhood has figured out how to monetize financial nihilism

The Verge

There were 18 million “net cumulative funded accounts” on Robinhood by the end of the first quarter, according to the document. Robinhood caught some flack — and, apparently, a pile of lawsuits — for restricting trading during that period, but it looks like the entire episode was a net positive , even if it did p**s some users off!

Financial 104