Markets

Follow stories on Wall Street and the stock and bond markets, primarily the New York Stock Exchange, the Dow Jones Industrials, S&P 500, NASDAQ and foreign exchanges such as FTSE. Topics include 401(k) accounts and mutual funds; investment firms such as Fidelity or Russell Investments; commodities and precious metals such as gold; and oversight by the Security and Exchange Commission.


Banks set up war rooms, adopt military-style tactics to fight cybercrime

Employees at Mastercard’s “fusion center” in O’Fallon, Mo., Feb. 16, 2018. At the center, company experts in fraud detection, network engineering and forensic analysis work alongside employees from the legal and customer service departments. (Whitney Curtis/The New York Times)

Cybercrime is one of the world’s fastest-growing and most lucrative industries, and seen as one of the greatest risks to the U.S. financial sector. For banks and payment companies, the fight feels like a war — and they are responding with an increasingly militarized approach.

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