Q1 2018 news and trends

HSBC, BNP Paribas Profits Down In Q1
B2B Payments // May 07, 2018

HSBC and BNP Paribas both recorded profit declines for the first quarter of 2018, according to reports on Friday (May 4). The Wall Street Journal said shares in U.K.-headquartered HSBC fell 2.8 percent on the London Stock Exchange after the bank revealed net profits were...

Virgin Beats Q1 Expectations, Continues SMB FinServ Rollout
B2B Payments // May 02, 2018

Virgin Money released its first quarter financial data this week, noting that it surpassed expectations despite the costs associated with introducing small business financial services earlier this year. Reports in The Independent on Tuesday (May 1) said Virgin Money posted a 7.4 percent increase in...

Kaspersky Lab Sees Rise In Botnet Activity
Security & Fraud // April 27, 2018

Kaspersky Lab saw an increase in activity by both old and new botnets as well an increase in popularity of amplification distributed-denial-of-service (DDoS) attacks in the first quarter of 2018. The company also noticed the return of long-lasting (multiday) DDoS attacks, according to its 2018 DDoS...

Deutsche Accelerates Corporate FinServ Cutbacks After Disappointing Q1
B2B Payments // April 27, 2018

More bad news surfaced for Germany’s largest lender, Deutsche Bank, after posting disappointing first-quarter results, the BBC reported on Thursday (April 26). Deutsche Chief Executive Christian Sewing said there will be “painful but regrettably unavoidable” job losses across the U.S. and Asia as the lender cuts...

Quick Reads
Kaspersky Lab Sees Rise In Botnet Activity

April 27, 2018
Kaspersky Lab saw an increase in activity by both old and new botnets as well an increase in popularity of amplification distributed-denial-of-service (DDoS) attacks in the first quarter of 2018. The company also noticed the return of long-lasting (multiday) DDoS attacks, according to its 2018 DDoS Intelligence Report. The cybersecurity company noticed a particularly long DDoS […]