The root cause of the erroneous emails sent to clients had not been determined as of Tuesday morning, a memo reviewed by Business Insider shows.Bank of America inadvertently sent more than 3.2 million email notifications to Merrill Lynch Wealth Management clients and private banking clients on Tuesday.
The root cause of the erroneous emails sent to clients had not been determined as of Tuesday morning, according to an internal memo reviewed by Business Insider. Visit Business Insider's homepage for more storiesBank of America inadvertently sent millions of erroneous email notifications regarding fraud claims to Merrill Lynch Wealth Management clients and private banking clients on Tuesday morning, according to an internal memo reviewed by Business Insider.
"Our partners have determined an error was made during a standard template update in the customer notification process which resulted in over 3.2 million notifications inadvertently being delivered to customers who previously had a Credit or Debit card claim," the memo said.
The root cause of the erroneous emails sent to clients had not been determined as of Tuesday morning, and the firm's consumer fraud and technology teams were engaged. The firm has verified it was not a phishing email, the memo said. "Technical teams will also be working to ensure additional controls are added to ensure this issue does not occur again in the future," the memo said. This story is developing. Please check back for updates.
Is that bad for business, Mr. Buffet?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Insider webinar: How influencers earn money in pandemic - Business InsiderSIGN UP NOW: Next week we're talking to YouTube and Instagram influencers with millions of followers about how they're adapting their businesses during the pandemic and earning 6-figure incomes
Source: BusinessInsider - 🏆 729. / 51 Read more »
Searchable database of Business Insider pitch decks - Business Insider[Thread] Startups convince investors to fund their ideas using pitch decks. Business Insider regularly seeks out and publishes these decks to give readers an inside look at how successful companies persuaded investors to fund them. For the first time, these decks—presentations that combine slideshows with storytelling—have been combined into a single, searchable library that you can explore. 👇
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of July 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Personal banker of Trump, Kushner under review by Deutsche Bank - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The walls are closing in, Chapter 9 billion, 642 millions, 318 thousand, and 12. InternalInvestigation 🙄 The bank trying to make the banker the scapegoat ...as if they knew nothing. Pathetic.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Varo is officially the first US neobank to receive a national bank charter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. LendingClub bought out Radius Bank and that’s how they went into banking without needing to apply for a banking charter $LC Meanwhile, when will Square get a banking charter? $SQ
Source: BusinessInsider - 🏆 729. / 51 Read more »