Cybercrime / Privacy

Crypto investors have lost $2 trillion. There’s plenty of blame to go around, but what now?

“You can’t understand it, but it’ll make you money” is the oldest line in the financial industry charlatan’s handbook.  That’s bad enough. But add technology mumbo jumbo to the conversation and you’ve got a recipe for obfuscation and consumer harm — you’ve got “FinTech” — well, you’ve got cryptocurrency. That [Keep reading]

Cybercrime / Privacy

Zelle might change long-standing unfair policy on fraud refunds — now, onto the rest of our Too Big to Scale problems

Zelle, a favorite tool for online criminals, *might* begin protecting users from scams soon.  Victims who report they’ve been “robbed” by thieves on the service have long been denied dispute rights we take for granted with other kinds of electronic transactions.  On Monday, banks leaked a plan to the Wall [Keep reading]