Sessions confirmed as US Attorney General, Strange appointed as Senator

Governor Robert Bentley announced today the appointment of Luther Strange to Alabama U.S. Senator. Strange will fill the Senate seat vacated by U.S. Senator Jeff Sessions who was confirmed last night to serve as United States Attorney General. Prior to the appointment, Strange served as Alabama’s Attorney General, first elected to office in 2011. “This […]

Founder and CEO of Bitcoin vendor breached

CUNA’s CULedger is a pilot research-to-action initiative that is investigating the viability and risks of a private, permissioned distributed ledger (DLT).  As Bitcoin technology becomes more accessible to consumers, hackers are becoming more interested and creative. Last week, KeepKey, a vendor of Bitcoin hardware wallets, notified users of a security breach that inadvertently exposed some of its […]

Holiday sales on track to hit highest rate since 2005

Estimates from research firms studying the retail market indicate sales growth during the holidays in 2016 may be the best since 2005. That’s according to the Wall Street Journal, which reported: “American consumers are once again proving many of the pundits wrong, as shoppers flock both to websites and to stores — and not just […]

FBI operation targets cyberattack for hire schemes

According to cybercrime expert Brian Krebs, “Federal investigators in the United States and Europe last week arrested nearly three-dozen people suspected of patronizing so-called ‘booter’ services that can be hired to knock targeted Web sites offline. The global crackdown is part of an effort by authorities to weaken demand for these services by impressing upon […]

ABA files suit against NCUA over FOM final rule

As expected, the American Bankers Association has filed a lawsuit against the National Credit Union Administration stating that the regulator’s new field of membership (FOM) rules go too far. The suit was filed in the United States District Court for the District of Columbia, alleging the rule “disregards Congress’ explicit instruction that community credit unions […]