Global gang stole bank funds from 100 institutions, but untouched customers still at risk by Princess Strickland

In sort of a twist, global bank bandits, stole over $1 billion dollars directly from the banks.  That's right, not from customers, but from banks. The high tech bandits stole the billion from over 100 bank institutions.

Even though the bandits spared the everyday consumer, analysts warn that banking customer still need to take extra precautions and monitor their accounts.

The bandits compromised all sorts of security almost making a mockery of the security measures in place.

This is not the only recent costly breach, but one of many of the latest including Target breach and PF Chang breach amongst others.  You should be diligent in your financial affairs, but just in case, for bank customers, at least make sure your bank is FDIC insured.  According to the FDIC website,
The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the

U.S. financial system by insuring deposits in banks and thrift institutions for up to $250,000 per depositor, per insured bank, for each ownership category by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.

 Read all about it here