Tag: banking

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Cupertino Savings

It’s no secret that Apple is making many inroads in the financial sector. I would guess it’s a lucrative place for them to focus now that services are fully established for the company. Apple Card allows Apple to save money in transaction fees. Now they’re able to provide another service to let people keep money with them: savings accounts. And the draw to entice people? A killer interest rate. More from Ashley Capoot at CNBC: Apple on Monday launched its Apple Card savings account with a 4.15% annual percentage yield. It requires no minimum deposit or balance, Apple said, and…

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Targeting the Zelle

An article that flew under my radar was this one over on Krebs on Security wherein Brian Krebs explains Zelle scams. It’s a fascinating breakdown of fraudsters anticipating how the system works and manipulating victims into bypassing Zelle’s security. Here’s the kicker: it’s not about giving up your password. An important aspect of this scam is that the fraudsters never even need to know or phish the victim’s password. By sharing their username and reading back the one-time code sent to them via email, the victim is allowing the fraudster to reset their online banking password. Brian Krebs Zelle, for those…