Wealth Management Firm Buys California CUSO

CUSO Financial Services and its sister company, Sorrento Pacific Financial, in San Diego, Calif., signed an agreement last week to be bought by Atria Wealth Solutions in New York, which is backed by a private equity firm. As part of the agreement, Atria will be buying...

Lake Michigan CU to Buy Florida Bank

The $5.1 billion Lake Michigan Credit Union in Grand Rapids said Monday it will buy the $418 million Encore Bank, which makes the definitive agreement the largest bank acquisition by a credit union to date. The Naples-Fla.-based bank, which serves about 20,000...

A New Hacker Threat: Messages Inside Images

Kaspersky Lab researchers identified a new trend: malicious hackers increasingly using steganography, a digital version of an ancient technique of hiding messages inside images, to conceal the tracks of their activity. In recent months, Kaspersky Lab researchers...