X-Industry

silicon valley bank (2)

SVB Customers - Fraud Targets

Cybercriminals have started taking advantage of Silicon Valley Bank’s (SVB) downfall to carrying out scams that can steal money and bank account information or infect customers’ systems with malware. SVB was shut down on 10 March 2023 by the California Department of Financial Protection and Innovation and the Feds after the bank failed to raise capital to keep running.[1]

See: https://redskyalliance.org/xindustry/svb-bank-run-not-good

SVB customers are expected to transfer their financial oper

SVB Bank Run - Not Good

California - Silicon Valley Bank (SVB), https://svb.com, a lender that was a fixture in the venture capital space for decades, collapsed on 10 March 2023. The California Department of Financial Protection and Innovation closed SVB and named the FDIC as the receiver. The trouble started on 08 March 2023 after SVB suddenly announced a plan to raise billions in capital to cover big losses. It set off widespread panic among investors and the tech founders they backed. Shares of the company fell b

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