Tag: solutions

  • Big bank CEOs to meet with lawmakers on solutions to debanking

    Big bank CEOs to meet with lawmakers on solutions to debanking

    The CEOs of several of America’s largest banks are set to meet Thursday on Capitol Hill with a group of senators in a roundtable on debanking issues in the wake of last week’s hearing on the subject.

    JPMorgan Chase CEO Jamie Dimon, Bank of America CEO Brian Moynihan, Capital One CEO Richard Fairbank, Wells Fargo CEO Charles Scharf, U.S. Bank CEO Andrew Cecere, PNC CEO Bill Demchak and Truist CEO Bill Rogers are expected to attend the roundtable.

    The meeting follows a pair of congressional hearings on debanking last week, which refers to the process by which banks close customers’ accounts, often in response to regulatory compliance concerns. 

    Businesses and individuals involved with the cryptocurrency and digital assets industry have faced debanking, as have cannabis businesses in states where marijuana is legal. Regulatory guidelines related to reputational risks have also led to debanking incidents involving the firearms industry and other conservative-aligned entities.

    SENATE BANKING PANEL HEARS DEBANKING TESTIMONY: ‘EXTREMELY DISRUPTIVE’

    Senators are set to meet with leading bank CEOs to discuss solutions to debanking issues. (Joe Raedle/Getty Images / Getty Images)

    President Donald Trump highlighted the issue of politically-motivated debanking in remarks to the World Economic Forum last month, where he publicly accused Bank of America of debanking conservatives while Moynihan was helping moderate a question-and-answer session with the president.

    Moynihan spoke to FOX Business on his way into Thursday’s meeting and was asked about Trump’s allegations. He responded, “We bank everyone, thank you.”

    Bank of America, JPMorgan Chase and other banks have denied cutting off banking access to clients over political concerns.

    TRUMP CONFRONTS BANK OF AMERICA CEO FOR NOT TAKING ‘CONSERVATIVE BUSINESS’

    Brian Moynihan gives TV interview

    Bank of America CEO Brian Moynihan denied allegations the bank discriminates based on political views. (Cyril Marcilhacy/Bloomberg via Getty Images / Getty Images)

    Dimon called for more clarity about debanking in an appearance last month on the bank’s “Unshakeables” podcast.

    “I think we should be allowed to tell you. … When we report stuff, the federal government should probably know about it, and there should be far cleaner lines about what we have to do and what we don’t have to do,” Dimon said. “We’ve been complaining about this for years. We need to fix it.”

    MAJOR BANK CEO SAYS TRUMP’S FISCAL POLICIES MAKE US ‘THE NO.1 PLACE TO INVEST’ AGAIN

    JPMorgan CEO Jamie Dimon speaks

    JPMorgan Chase CEO Jamie Dimon has called for reforms to banking rules for more clarity around debanking decisions. (Photographer: Victor J. Blue/Bloomberg via Getty Images / Getty Images)

    Senators from both sides of the aisle acknowledged the need for a solution to debanking issues at last week’s Senate Banking Committee hearing, with Chairman Tim Scott, R-S.C., and Ranking Member Elizabeth Warren, D-Mass., saying they want to work on a bipartisan fix.

    Sen. Kevin Cramer, R-N.D., previewed today’s meeting on FOX Business Network’s “The Bottom Line” on Wednesday, saying he’s “anxious to hear from all of them.” Cramer noted that he introduced legislation called the Fair Access to Banking Act which would look to address issues related to debanking and has 41 cosponsors in the Senate.

    “I don’t want to require them to do certain things, but I want to prohibit them from being able to categorically discriminate against entire industries, whether it’s the oil and gas industry or the private industry, the munitions and firearm industry or the crypto industry or any number of industries that are legal and even constitutionally protected,” Cramer said.

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    The big bank roundtable was first reported by Politico and has been confirmed by FOX Business.

    FOX Business’ Chase Williams contributed to this report

  • Beware of fake Reddit solutions delivering dangerous malware

    Beware of fake Reddit solutions delivering dangerous malware

    Sometimes, when you need an answer to a complex life situation or a way to troubleshoot an error on your computer, regular articles on the web don’t help. Some issues are so niche that no one writes about them, and those who do often say nothing useful in 1,000 words. 

    In these cases, adding Reddit to your search query can be a game changer. Nine times out of 10, someone on Reddit has faced the same issue, and there’s probably a solution. 

    But bad actors have caught on to this, too. They’re now mimicking Reddit to spread malware that can steal your personal information.

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    Reddit app on home screen of smartphone (Kurt “CyberGuy” Knutsson)

    What you need to know about fake Reddit pages

    Hackers are distributing nearly 1,000 fake websites mimicking Reddit and WeTransfer to spread the Lumma Stealer malware. These sites are designed to trick you into downloading malicious software by imitating legitimate discussions and file-sharing services.

    On these fake Reddit pages, attackers create a fabricated discussion where one user asks for help downloading a tool, another offers a WeTransfer link and a third expresses gratitude to make the exchange seem real. Clicking the link redirects victims to a counterfeit WeTransfer site, where the download button delivers the Lumma Stealer malware.

    All these fake pages have the following things in common:

    • The websites include a brand name (like “Reddit” or “WeTransfer”) followed by random characters to appear legitimate at first glance
    • They use “.org” or “.net” domains instead of the official one, which is “.com”
    • The interface closely mimics the real sites to deceive users

    These fake websites were discovered by Sekoia researcher crep1x, who compiled a full list of the pages involved in the scheme. In total, 529 of these sites mimic Reddit, while 407 impersonate WeTransfer to trick users into downloading malware.

    According to BleepingComputer, hackers may be driving traffic to these fake pages through methods like malicious ads (malvertising), search engine manipulation (SEO poisoning), harmful websites, direct messages on social media and other deceptive tactics.

    fake reddit 2

    Illustration of a hacker at work (Kurt “CyberGuy” Knutsson)

    HOW TO REMOVE YOUR PRIVATE DATA FROM THE INTERNET

    The dangers of info-stealer malware

    Hackers are using fake Reddit pages to spread Lumma Stealer, a powerful malware designed to steal personal data while staying under the radar. Once it infects a device, it can grab passwords stored in web browsers and session tokens, allowing attackers to hijack accounts without even needing a password.

    But Reddit isn’t the only way this malware spreads. Hackers also push it through GitHub comments, deepfake websites and shady online ads. Once they steal login credentials, they often sell them on hacker forums, where others can use them for further attacks.

    This type of malware has already played a role in major security breaches, including attacks on PowerSchoolHot Topic, CircleCI and Snowflake. It’s a growing threat, especially for companies that rely on password-based security.

    WHAT IS ARTIFICIAL INTELLIGENCE (AI)?

    fake reddit 3

    Illustration of a hacker at work

    BEST ANTIVIRUS FOR MAC, PC, IPHONES AND ANDROIDS – CYBERGUY PICKS

    6 ways to protect yourself from info-stealing malware

    1. Be cautious with download links: Avoid downloading files from random Reddit discussions, social media messages or unfamiliar websites. If an unknown user shares the link or seems out of place in the context, it’s better to err on the side of caution. If the link is directing you to a file-sharing site like WeTransfer or Google Drive, double-check the URL for any signs of manipulation—like random characters added to the domain name.

    2. Have strong antivirus software: The best way to safeguard yourself from malicious links that install malware originating from these Reddit discussions, potentially accessing your private information, is to have antivirus software installed on all your devices. This protection can also alert you to phishing emails and ransomware scams, keeping your personal information and digital assets safe. Get my picks for the best 2025 antivirus protection winners for your Windows, Mac, Android and iOS devices.

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    3. Verify website URLs: Fake websites often look convincing but have slight differences in their URLs. Check for misspellings, extra characters or unusual domains (e.g., “.org” or “.net” instead of the official “.com”).

    4. Use strong, unique passwords and enable 2FA: password manager can help generate and store strong passwords for each site. Meanwhile, enabling two-factor authentication (2FA) adds an extra layer of security, making it harder for attackers to hijack your accounts. Get more details about my best expert-reviewed Password Managers of 2025 here.

    5. Keep your software updated: Regularly update your operating system, apps, browsers and other software on your PC or mobile devices. Updates often include patches for security vulnerabilities that hackers can exploit.

    6. Watch out for malvertising and SEO traps: Hackers manipulate search engine results and run deceptive ads to trick users into visiting fake sites. Stick to official sources and avoid clicking on ads or search results that seem too good to be true. 

    HOW TO FIGHT BACK AGAINST DEBIT CARD HACKERS WHO ARE AFTER YOUR MONEY

    Kurt’s key takeaway

    Hackers are getting sneakier, using fake Reddit and WeTransfer pages to spread dangerous malware like Lumma Stealer. These sites might look real, but they’re designed to steal your personal info. To stay safe, always double-check links and be cautious about downloading files from unfamiliar sources. Use strong, unique passwords, enable two-factor authentication and keep your software updated to stay one step ahead of cybercriminals.

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