LastPass Remedies the Bug That Leaked Credentials
Did you ever think a password manager and vault keeper would have a vulnerability? Well, if you use LastPass, you could’ve been potentially exposed. LastPass did not update a cache which put users at risk for their credentials to be accessed by cybercriminals. The good news is that the company has fixed the vulnerability that could allow malicious sites unauthorized access to usernames and passwords. LastPass deployed the update to all browsers resolving the bug with no action needed from users. Security experts recommend that web users running LastPass ensure that the version of the software they’re running is 4.33 or later.
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Wall Street Banks Are Upping Bets on Potential Fintech Competitors
Have you ever considered investing in your competitors? Well, the largest U.S. banks are revving up investments in some of their potential fintech competitors to build out arms of their businesses. Thus far in 2019, major Wall Street banks have participated in 24 fintech equity deals. Goldman Sachs "acqui-hired" several fintech firms to build out its digital consumer bank, Marcus. Citi is the second most active in fintech deals, followed by J.P. Morgan acquiring a few payments technology companies and developing a new fintech campus in Palo Alto, CA. Analysts insist there are two key incentives driving the investments: banks can form strategic partnerships with the start-ups, and banks can profit from the investments. Have you ever considered partnering or "acqui-hiring" a fintech firm? The time is now.
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