In a landmark decision aimed at bolstering the confidence of depositors and the financial markets, the United States government has announced that all customers of the collapsed Silicon Valley Bank (SVB) will have complete access to their funds starting Monday. This move comes as a swift response
Digital banking has revolutionized how we handle money, making transactions more convenient than ever. However, this ease of use has been matched by the increasing prevalence of online fraud, presenting a significant risk to the unwary. It is now more important to verify the legitimacy of bank
In what is emerging as a glaring example of systemic financial impropriety, an IT company based in Iași, Romania, managed to exploit loopholes in the system to garner €2 million from the European Union's coffers. Owing to an intricate scheme centered on the EU-funded project 'PIST,' t
In the modern era, the rise of biometric technology is rapidly changing the landscape of security and privacy. As governments and companies alike adopt these systems, the integration of personal data into daily life is becoming more profound. Biometric systems, which include fingerprint
Chinese Embassy's Stance Concerns over Fair Competition The Chinese Embassy in Romania has expressed concerns over Romania's decision to exclude Huawei from its 5G network rollout. The embassy criticized the move as contrary to the tenets of free market competition. In a statement, the
Two-factor authentication (2FA), long touted as a key security measure, is facing scrutiny after a startling breach involving leading tech giants. Security expert Anurag Sen uncovered an open database revealing a cache of 2FA codes and password reset links meant to secure accounts on platforms like
