Ray-Ban manufacturer sues JPMorgan over $272 million cyber theft

The French manufacturer of Ray-Ban glasses is suing JPMorgan for failing to stop suspicious transactions after cybercriminals looted $272 million from its New York account.

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Big Banking Is Not As Secure As You Think It Is


You’ve probably heard of Ray-Ban sunglasses and there’s a very high chance that you know someone who owns Ray-Ban sunglasses. As a global brand, an eyewear company like Ray-Ban would customarily bank with one of the top global banks and be fully confident that its deposits are completely safe and secure; far from the reach of thieves and hackers who are often able to penetrate the safety measures of small banks as is the widely held perception.

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Big banks CEOs testify before the House Financial Services Committee — 9/21/22


The House Financial Services Committee holds an oversight hearing of big consumer facing banks. Nation’s top bank CEO’s testifying at the hearing include JPMorgan Chase’s Jamie Dimon, Citigroup’s Jane Fraser, Bank of America’s Brian Moynihan, Wells Fargo’s Charles Scharf, U.S. Bancorp’s Andy Cecere, PNC’s William Demchak, and Truist’s William Rogers Jr..

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Big bank CEOs testify before the House Financial Services Committee — 9/21/22