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Wall Street Buying Some Extra-Strong Barn Doors

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Because, you know, they probably should have had them already, and no one wants to have that look that Jamie Dimon had on his face when told about the incident.

Financial-services companies plan to bolster their cybersecurity budgets by about $2 billion over the next two years, according to accounting and consulting firm PricewaterhouseCoopers….

The spending increases represent accelerated efforts to keep hackers out and a realization that previous efforts haven’t been sufficient.

Financial Firms Bolster Cybersecurity Budgets [WSJ]



Maybe Serving As Payment Agent For Sovereign Debt Is Another Business Citi Should Get Out Of

At least when it comes to rogue states and uniquely recalcitrant debtors.

TomasEE [CC BY 3.0], via Wikimedia Commons

Bonus Watch ’17: Wall Street

Big Apple bankers have almost put that financial crisis unpleasantness behind them, paycheck-wise.

Banks Struggling With ‘You Can’t Fix Stupid’ Problem

JPM to employees: "Don't be stupid, you moron!"


Maybe It’s Best Not To Have Corporate Armies Of Hackers Roaming The Internet

Seems like the unintended consequences might vastly outweigh the benefits, if any.


Company That Wants To Guard Your Cryptos Can’t Keep Your Personal Information Safe

Robinhood is once again demonstrating its commitment to customer service.