Tag: Bank

German Government Denies Help To Struggling Banks, Including Deutsche Bank

Deutsche Bank remains a topic of substantial debate among financial experts and cryptocurrency enthusiasts. Even though a lot of people are concerned about the financial health of this institution, nothing has been confirmed just yet. What has been confirmed is how Germany will not help any bank that finds themselves in contested waters. Moving Away From Deutsche Bank Before The Ship Sinks Rumors about the demise of Deutsche Bank have …
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Bank’s Security Systems Still Vulnerable, SWIFT Says

The institution behind SWIFT, the messaging system that connects the banks all around the world, has said that banks are still vulnerable to computer hacks.  Major financial institutions use the SWIFT network to relay messages between each other. Swift is a platform used by more than 11,000 financial institutions to exchange messages that contain money transference orders. In a given day, the Swift infrastructure handles more than 25 million messages, accounting for billions …
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RIPPER Malware To Blame For Recent Taiwan Bank ATM Heist

ATM malware is becoming the new norm all over the world these days. Inserting a bank card into an automated teller machine is a significant systemic risk right now. RIPPER, a new form of ATM malware, is blamed for last week’s heist in Thailand. A total of 12 million baht was stolen from bank machines during this process. RIPPER Malware Is Here To Stay Last week’s bank ATM heist in …
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The Bank of Tokyo-Mitsubishi and Hitachi to Test a Blockchain-Based System for Check Processing

The Bank of Tokyo-Mitsubishi UFJ and Hitachi are currently engaged in a collaboration to build and test a blockchain-based system that will process and validate checks payments. The institution and private companies –who focus on technology products and systems– have developed a prototype that will enter a test phase as soon as Monday, August 22. The effort will take place in Singapore, and it is the first time a Japanese-lead FinTech …
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