Wells Fargo and TIAA-CREF are among the top U.S. companies with the most diverse workforce. The two financial services instructions landed in the eleventh and thirty-seventh spots, respectively, on DiversityInc’s 2015 Top 50 Companies for Diversity. Compared with Equal Employment Opportunity Commission statistics, companies within the DiversityInc’s top 50 have 20 percent more minorities in management, and 13 percent more women. The ranking takes into account each company’s talent pipeline, talent development approach, composition of firm leadership and their spend with companies owned by people from underrepresented groups.
A distributed denial of service attack, or DDoS, hurls heavy volumes of traffic at a website to halt normal activity or inflict damage. According to a report from American Banker, banks are losing up to $100,000 per hour from these attacks, and nearly half of targeted banks experience the attacks more than six times a year. Statistics from Verisign indicate that the number of attacks against the financial industry doubled in the fourth quarter of 2014 to account for 15 percent of all attacks. "DDoS is a growing problem, the types of attack are getting more sophisticated, and the market is attracting new entrants," said Rik Turner, a senior analyst at Ovum. The good news is that banks are quicker to respond to DDoS attacks, with 88 percent detecting them in less than two hours, compared to 77 percent of all companies.
A new study from 451 Research indicates that Apple’s new mobile payment option, Apple Pay, could soon squeak ahead of PayPal as the preferred option for consumers. According to the research, which surveyed 4,168 consumers, a total of 25 percent of smartphone users say they are likely to use mobile payment applications in the next 90 days. Apple Pay was the preferred method among that group, with 45 percent saying they plan to use the service compared to 28 percent for PayPal. The category of user satisfaction was another win for Apple Pay, as 66 percent of those who have used it were satisfied with the service compared to 45 percent for PayPal and 33 percent for Google Wallet.