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Following the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed. Bloomberg reports that last month, Silicon Valley Bank failed as a result of a $42 billion bank run from investors and depositors. The bank’s internal problems have come to light due to the collapse, and regulators are starting to look closely at the bank’s operations before its demise. A Wellesley, Mass., police officer glances at his watch as customers and bystanders form a line outside a Silicon Valley Bank branch location, Monday, March 13, 2023, while waiting for the branch to open, in Wellesley, Mass. (AP Photo/Steven Senne) The bank’s lending practices toward insiders, such as its own officers, directors, and principal shareholders, are one area that has received attention. According to government data, loans to insiders more than tripled from the third quarter of 2022 to $219 million in … [Read more...] about Report: Loans to Silicon Valley Bank Insiders Tripled to Record High as Collapse Loomed

EAGLE PASS, Texas — A Del Rio Sector Border Patrol agent reportedly shot at a suspected human smuggler after the suspect allegedly attempted to strike the agent with the vehicle. The incident took place along the Texas border with Mexico near Eagle Pass. A source operating under the umbrella of U.S. Customs and Border Protection told Breitbart Texas that a suspected human smuggler attempted to back his vehicle into a Del Rio Sector agent late Monday night. The smuggler then reportedly attempted to flee from the agent. The Border Patrol agent then shot at the suspect to stop the assault, according to the source. It is not clear how many shots were fired.  EMS personnel transported an unidentified injured person from the vehicle to an area hospital. The injuries are reportedly not related to the shooting. The driver was not the injured party. The shooting took place on the north side of the border town of Eagle Pass on Thompson Ranch Road. The driver is reportedly being charged … [Read more...] about Border Patrol Agent Shoots at Human Smuggler After Assault in Texas, Says Source

Europe’s banking sector is not in crisis despite the collapse of two major players on the continent, a sector official in France has said. Despite claims to the contrary, Philippe Brassac, the head of the French Banking Federation (FBF), has insisted that there is no banking crisis currently plaguing Europe. The statement comes amid floundering investor confidence in European banking, with the collapse of major player Credit Suisse as well as the UK branch of the Silicon Valley Bank prompting concerns that the whole sector could be facing contagion. According to a report by Le Figaro , Brassac has rejected such a pessimistic outlook, insisting that problems with the current banking system are limited to the United States, and the European businesses in the sector will remain isolated from any issues. “There is no banking crisis,” the senior banker insisted regarding Europe, insisting that while “there are banks which are in difficulty”, these businesses are ultimately … [Read more...] about There is no Banking Crisis in Europe, French Finance Boss Insists

Despite news of devastating cyberattacks breaking almost daily, many business leaders still fail to see the full value a strong cybersecurity posture brings to their organization, new research has found This is according to Risky Rewards, a new report published by cybersecurity experts Trend Micro polling more than 2,700 business decision-makers in companies with 250+ employees across 26 countries, finding that around half (51%) see cybersecurity is a “necessary cost but not a revenue contributor”. At the same, a somewhat similar percentage - 48% - claim cybersecurity’s value is “limited” to attack and threat prevention. For nearly two-fifths (38%) cybersecurity is a barrier, not a business enabler. Winning new clients “If organizations want to make the most of their security (opens in new tab) investments, business leaders must reframe their view of cybersecurity – to think more broadly about how it can positively impact the enterprise,” commented Jon Clay, VP of … [Read more...] about Many companies still don’t see the full value of cybersecurity

The growing popularity of digital payments in India is proving to be a blessing not only for the common man but also the cyber-conmen, as per the latest figures revealed by RBI under RTI. The RTI reply was given to Pune businessman Prafful P. Sarda, who had sought official details of all types of online-digital-cards frauds that Indian banks have suffered with invisible conmen duping lakhs of gullible customers since 2014. "The RBI's reply was revealing and unnerving...Just as the digital economy is soaring, the fraudsters and scamsters on the prowl in the virtual world are becoming bolder," said Sarda. From January 2014 till December 2022, Indian banks have reported a total 1,40,736 frauds involving bank ATM/Debit Cards (scams of Rs 507.12 crore); Credit Cards 1,37,237 cases involving Rs 514.90 crore; and 61,561 Internet Banking scams of Rs 354.78 crore. The growing annual figures for all these forms of convenience banking are stunning, said Sarda. From … [Read more...] about Digital India: Digital India boon for commoners but conmen get smarter, reveals RTI

Basketball fans interested in getting regular email updates from the NBA may have had some of their personal data stolen, the body has confirmed. The NBA has sent out a “Notice of cybersecurity incident” to an “unknown number” of fans, BleepingComputer reported. In the notice, the organization said that some fans who were signed up for email marketing services such as newsletters may have had their names and emails taken by an unknown threat actor. This data was kept by a third party newsletter service tasked with sending out email notifications and news. Passwords are safe "We recently became aware that an unauthorized third party gained access to, and obtained a copy of, your name and email address, which was held by a third-party service provider that helps us communicate via email with fans who have shared this information with the NBA," the NBA said. Other data remains secure, the organization added: "There is no indication that our systems, your … [Read more...] about NBA fans are being warned their data might have been hacked

ASHEVILLE, N.C.—A day after Dodge revealed the last of its Hemi V8-powered muscle cars , the company also lifted the embargo on driving impressions for its next car, the Hornet crossover. It's a far cry from the 1,025-hp Challenger—a much more sensible compact crossover that includes a plug-in hybrid version starting at a competitive $40,000. Ars spent a day driving the Hornet around the outskirts of Asheville and found a lot to like about this handsome crossover. But first, a few words on its origin story. Last February, the world got its first look at an attractive new crossover from Alfa Romeo. It was given the unfortunate name of Tonale, and more than a few of us raised an eyebrow thanks to the news that the car would include an NFT that acted as a permanent record for the car, from production through lifetime maintenance. The Tonale was meant to arrive in the US by the end of March, but it was delayed until May. The reason I bring this up is that as far as sheet metal is … [Read more...] about An Alfa Romeo bar the badge? We drive the 2024 Dodge Hornet RT plug-in.

Stanford Law School Dean Jenny Martinez issued a new statement addressing the disruption of Fifth Circuit Court Judge Kyle Duncan’s speech, and the next steps that the law school will take. Martinez’s statement comes after Fifth Circuit Court Judge Kyle Duncan was disrupted by both students and the dean of diversity, equity, and inclusion. Here's video of Stanford DEI dean Steinbach's remarks slamming Judge Duncan and setting forth university policy on free speech while calling its soundness into question and stating that it might need to be reconsidered. /8 https://t.co/PrfovwmMYj — Ed Whelan (@EdWhelanEPPC) March 10, 2023 In response to the disruption, Duncan called for the students involved to be disciplined and for diversity, equity, and inclusion dean Tirien Steinbach to be fired. Meanwhile, the Stanford College Republicans also called for her firing . This is a strong letter from Stanford Law School's dean, Jenny Martinez. But if Stanford really … [Read more...] about Stanford Law Dean Issues Statement Supporting Free Speech

Border Patrol officials report the increasing use of technology assists agents in being more effective during regular operations. The assets allow agents to be directed to specific incidents taking place along the border. Rio Grande Valley Sector Chief Patrol Agent Gloria Chavez tweeted photos of new Autonomous Surveillance Technology systems deployed along the Texas border with Mexico. She called the systems “game changers” and said they allow for persistent surveillance capabilities. #TechTuesday pic.twitter.com/h3YXrkHbYb — Chief Patrol Agent Gloria I. Chavez (@USBPChiefRGV) March 22, 2023 “The more we see, the more effective we are!” Chavez said. In the El Paso Sector, agents are also applying technology through the use of artificial intelligence software, newly appointed Chief Patrol Agent Anthony “Scott” Good tweeted. #TechTuesday #US illegally. #ElPaso sector currently has 15 ASTs throughout the region. @CBP pic.twitter.com/o7fwdf0W7U — … [Read more...] about ‘Game Changer’ Surveillance Tech Helps Border Patrol Spot Migrants, Say Officials