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Drug gangs kidnap cyber pros to hack into banks

It’s not the subplot to a Jerry Bruckheimer movie: drug dealers in Mexico really are kidnapping computer whizzes and forcing them to hack into bank systems and program credit card fraud scams in order to acquire additional funds on top of what they haul in from selling drugs.

 

Bank of America posts $7.7B loss on special charge

Bank of America Corp. said Tuesday it lost $7.65 billion during the third quarter due to a charge related to credit and debit card reform legislation passed over the summer.

 

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