(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
An anonymous reader writes: The Raspberry Pi has sold 10 million units — continuing its success as the most popular British computer ever. The computer, about the same size as a credit card, was first released in 2012 and is widely used as an educational tool for programming. However, it can also be used for many practical purposes such as streaming music to several devices in a house. A new starter kit for Raspberry Pi, including a keyboard and mouse, has been released to celebrate the success. The kit also includes an SD storage card, official case, power supply, HDMI cable, mouse, keyboard and guidebook — it costs $130 and will be available in the coming weeks. The Pi, which is manufactured in Wales, has been adopted by pupils, programmers and inventors around the world. Read more of this story at Slashdot. 
Want to know why phishing continues to be one of the most common security issue? Half of the people will click on anything without thinking twice ArsTechnica reports: A study by researchers at a university in Germany found that about half of the subjects in a recent experiment clicked on links from strangers in e-mails and Facebook messages — even though most of them claimed to be aware of the risks. The researchers at the Friedrich-Alexander University (FAU) of Erlangen-Nuremberg, Germany, led by FAU Computer Science Department Chair Dr Zinaida Benenson, revealed the initial results of the study at this month’s Black Hat security conference. Simulated “spear phishing” attacks were sent to 1, 700 test subjects — university students — from fake accounts. The e-mail and Facebook accounts were set up with the ten most common names in the age group of the targets. The Facebook profiles had varying levels of publicly accessible profile and timeline data — some with public photos and profile photos, and others with minimal data. The messages claimed the links were to photos taken at a New Year’s Eve party held a week before the study. Two sets of messages were sent out: in the first, the targets were addressed by their first name; in the second, they were not addressed by name, but more general information about the event allegedly photographed was given. Links sent resolved to a webpage with the message “access denied, ” but the site logged the clicks by each student. Read more of this story at Slashdot.