banking

11 data breaches that stung US consumers

The recent data breaches at Target and Neiman Marcus stores are, unfortunately, more commonplace than you may think.

"When you have a national brand, then it becomes major news," said Yaron Samid, founder and chief executive of Billguard. "A lot of smaller merchants get breached all the time."

A 2013 study by the Ponemon Institute and Symantec Corp. found that 41 percent of data breaches are caused by malicious or criminal attacks.

Here are 11 high-profile U.S. data breaches from the past decade.

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Allison Ross

Survey: Banks targeting underbanked

Hoping to grab more business, a rising number of bankers are turning to the unbanked and underbanked as opportunities for growth, according to a new survey. The KPMG Banking Outlook Survey, released Monday, surveyed 100 senior bank executives. It found that 23 percent see underbanked consumers as the greatest growth opportunity, a jump from the  ... Read more

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