Matylda Czarnecka / Flickr

Last summer, officials indicted cybercriminal Evgeny Bogachev on charges he used two malicious computer programs to steal roughly $100 million since 2011.

To combat the growing risk of financial cyberattacks, the Pennsylvania Department of Banking and Securities has created a task force to inform banking and financial institutions in the state about preventative measures, according to Ed Novak, department press secretary.

“What we’ve done is create a website on cybersecurity,” Novak said. “And on the website, if you’re ... a bank, or you’re a mortgage broker or you’re an investment firm, we have a list of ... industry and regulatory best practices.”

Pittsburgh Community Reinvestment Group

Four out of 10 black people in Allegheny County wanting to buy a home are denied a mortgage. That's two times the rate of white applicants, according to data released Monday in the Pittsburgh Community Reinvestment Group’s 21st Annual Mortgage Lending Study.

“The level of African American lending is extremely low compared to all other groups,” said Rachel Rue, researcher with the PCRG.

Cyberattacks Under Investigation

Aug 28, 2014
Margaret Philbin

U. S. Attorney David Hickton’s interest in cyber crimes is getting noticed by the Justice Department. Hickton and his team have investigated the Pitt bombing threats and the PNC denial of service attacks. Their recent work has resulted in the indictment of Chinese military hackers. David Hickton joins us to explain why the Western PA Attorney’s office could be a model for cyber crime units across the country.

With new reports of cyber crimes targeting JP Morgan Chase and other financial institutions, Hickton talks about how we can protect ourselves from hacking.

A History of Reigning in the Banks

Jul 23, 2013
US House of Representatives / Wikipedia

In an era when big banks are mired in complex and often risky investment schemes, could the reinstatement of a Great Depression era financial law help curb the financial sector’s speculative trading? That’s the discussion being had in congress, as Senators John McCain and Elizabeth Warren push to reinstate the Glass-Steagall Act, a piece of depression era legislation that creates a separation between commercial banking and investment banking. From the perspective of Michael Haley, a professor and H.J. Heinz Endowed Chair of business management at Point Park University, reinstating the act could at least help to simplify the complex banking system currently in place.