(credit: Mike Mozart ) Since at least 2011, Wells Fargo employees have been creating fake accounts using customers’ identities to boost their sales numbers, federal regulators said on Thursday. The Consumer Financial Protection Bureau (CFPB) fined the bank $100 million after a third-party consulting firm found that 2 million fake deposit and credit card accounts had been made without the consent of the person whose name was on the account. According to CNN Money, the bank fired 5,300 employees for taking part in the scheme, which constitutes about 1 percent of the bank’s payroll. In order to boost their sales numbers, employees opened 1.5 million deposit accounts and 565,000 credit card accounts on customers’ behalf but without authorization from those customers. “Employees then transferred funds from consumers’ authorized accounts to temporarily fund the new, unauthorized accounts,” the CFPB wrote. “This widespread practice gave the employees credit for opening the new accounts, allowing them to earn additional compensation and to meet the bank’s sales goals.” Read 7 remaining paragraphs | Comments
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5,300 Wells Fargo employees fired after 2 million fake accounts discovered
Microsoft announced on Thursday that it is open sourcing PowerShell, its system administration, scripting, and configuration management tool that has been a default part of Windows for several years. The company says it will soon release PowerShell on Mac and Linux platforms. PCWorld reports: The company is also releasing alpha versions of PowerShell for Linux (specifically Ubuntu, Centos and Redhat) and Mac OS X. A new PowerShell GitHub page gives people the ability to download binaries of the software, as well as access to the app’s source code. PowerShell on Linux and Mac will let people who have already built proficiency with Microsoft’s scripting language take those skills and bring them to new platforms. Meanwhile, people who are used to working on those platforms will have access to a new and very powerful tool for getting work done. It’s part of Microsoft’s ongoing moves to open up products that the company has previously kept locked to platforms that it owned. The company’s open sourcing of its .NET programming frameworks in 2014 paved the way for this launch, by making the building blocks of PowerShell available on Linux and OS X. By making PowerShell available on Linux, Microsoft has taken the skills of Windows administrators who are already used to the software, and made them more marketable. It has also made it possible for hardcore Linux users to get access to an additional set of tools that they can use to manage a variety of systems. Read more of this story at Slashdot. 
An anonymous reader writes: “Federal agents are planting microphones to secretly record conversations, ” reports CBS Local, noting that for 10 months starting in 2010, FBI agents hid microphones inside light fixtures, and also at a bus stop outside the Oakland Courthouse, to record conversations without a warrant. “They put microphones under rocks, they put microphones in trees, they plant microphones in equipment, ” a security analyst and former FBI special agent told CBS Local. “I mean, there’s microphones that are planted in places that people don’t think about, because thats the intent!” Federal authorities are currently investigating fraud and bid-rigging charges against a group of real estate investors, and the secret recordings came to light when they were submitted as evidence. “Private communication in a public place qualifies as a protected ‘oral communication’…” says one of the investor’s lawyers, “and therefore may not be intercepted without judicial authorization.” Read more of this story at Slashdot. 
An anonymous reader writes: Emsisoft has launched a new tool capable of decrypting files compromised by the DecryptorMax (CryptInfinite) ransomware. The tool is quite easy to use, and will generate a decryption key. For best results users should compare an encrypted and decrypted file, but the tool can also get the decryption key by comparing an encrypted PNG with a random PNG downloaded off the Internet. Read more of this story at Slashdot. 
Ars Technica reports that a Federal court in Pennsylvania ruled Wednesday that the Fifth Amendment protects from compelled disclosure the passwords that two insider-trading suspects used on their mobile phones. In this case, the SEC is investigating two former Capital One data analysts who allegedly used insider information associated with their jobs to trade stocks—in this case, a $150, 000 investment allegedly turned into $2.8 million. Regulators suspect the mobile devices are holding evidence of insider trading and demanded that the two turn over their passcodes. However, ruled the court , “Since the passcodes to Defendants’ work-issued smartphones are not corporate records, the act of producing their personal passcodes is testimonial in nature and Defendants properly invoke their fifth Amendment privilege. A” Read more of this story at Slashdot. 