Some Bank of America customers alarmed by $0 balance glitch; firm says it’s a display issue — bobsullivan.net

Some Bank of America customers say they logged in today to find their accounts showed $0 balances — leading some consumers to express fear and rage at the banking giant.

One consumer told me his account still shows a balance of $0 after seven hours, and provided screen shots to show me.

“It’s a shocker to login, particularly after a charge was inexplicably declined, and see this. I thought it was Equifax II,” the consumer said.

Bank of America says it is aware of the issue and reassured consumers on Twitter that it was cosmetic — a display issue only. Account balances are […] Read more

Aug 05, 2020 – Virtus Alternative Investment Advisers, Inc. Buys Otis Worldwide Corp, Lumentum Holdings Inc, Broadcom Inc, Sells iShares J.P. Morgan USD Emerging Markets Bond ETF, Invesco Emerging Markets Sovereign Debt ETF, Equifax Inc

Investment company Virtus Alternative Investment Advisers, Inc. (Current Portfolio) buys Otis Worldwide Corp, Lumentum Holdings Inc, Broadcom Inc, Qualcomm Inc, Qorvo Inc, sells iShares J.P. Morgan USD Emerging Markets Bond ETF, Invesco Emerging Markets Sovereign Debt ETF, Equifax Inc, TransUnion, Arthur J. Gallagher during the 3-months ended 2020Q2, according to the most recent filings of the investment company, Virtus Alternative Investment Advisers, Inc.. As of 2020Q2, Virtus Alternative Investment Advisers, Inc. owns 276 stocks with a total value of $6 million. These are the details of the buys and sells.

New Purchases: LITE, AVGO, QCOM, QRVO, ALB, REXR, TMO, MRK, UNP, […] Read more

3 Tips for Securing Open Source Software

Maintaining myriad open source components can be tough. Here’s how teams can begin to address open source security and continue to innovate.

Open source code is a part of roughly 99% of commercial codebases, according to research from Synopsys. Most developers prefer using open source software because of its flexibility and the pace of innovation within open source communities. However, the same study shows that 75% of audited codebases contain open source components with at least one known vulnerability. A primary culprit: The use of out-of-date software that’s no longer maintained by the open source community. 

Many proprietary software companies […] Read more

‘Hanging On’ – Almost 25% of Small Businesses Hit Hard by Pandemic Fear Closure

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Small business loan defaults on the rise, particularly for firms in the accommodations industry. Credit: Reuters graphic, data via PayNet

Many small businesses nationwide are reaching breaking points in an economy with the highest unemployment rate since the Great Depression. Small firms have survived the pandemic so far with a mix of government aid, forbearance on debt and rent and creativity in selling to an increasingly homebound and financially distressed populace.

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As the first wave of U.S. aid runs short – and landlords and […] Read more

Is it possible to have too much credit? | News, Sports, Jobs

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Having good credit is a process, but many wonder if it’s possible to have too much credit.

People who care about their credit scores tend to obsess about some things they probably shouldn’t, such as the possibility they might have too much credit.

Let’s bust that myth right upfront: The leading credit scoring formulas, FICO and VantageScore, don’t punish people for having too many accounts. And right now, having access to credit could be a lifeline.

In June, the median duration of unemployment was nearly 14 weeks, according to the U.S. Bureau of Labor Statistics. “Median” is the halfway point, which […] Read more

Cyber Chiefs Watch Their People for Burnout as Pandemic Rolls On

Long hours, remote work, a lurking pathogen and an onslaught of cyberattacks have security chiefs concerned that their staff are quietly absorbing too much stress at once.

At the typical company, the early days of the pandemic were busy times. Bryson Koehler, chief technology officer at Equifax Inc., recalls how his team worked “night and day for the first five to seven days” to ensure that staff had the tools they needed to work remotely.

But for cybersecurity specialists, the work never abated. Companies from health-care to financial services have faced a surge in cyberattacks, ranging from direct attempts to […] Read more