Call it the holiday's token bizarro incident: according to Florida Today, a 23-year-old man who told police he punched a Wells Fargo ATM because it gave him too much cash, was arrested after bank officials said the attack caused at least $5,000 in damages, which elevated the inexplicable and idiotic temper tantrum into a felony crime.
Michael Oleksik, 23, 5'11", 155lbs, of Rockledge, FL; charges: Criminal mischief >$1000.
When it comes to the VIX, it is (almost) safe to say that virtually everything that could be said about the market's record low volatility, its causes, and where it may or may not go from here, has been said. For those blissfully unaware of the market's mind-numbing complacency and boredom, last week the VIX declined 1.68 points during the week of Yellen's unexpected dovish turn, and settled at 9.51, the lowest closing level since December 23, 1993 (and third lowest close of all time), while the ratio of VVIX to VIX increased once again to near its 2-year highs.
Russian daily Kommersant reports that the Bank of Russia detected malware that hides inside ATM’s operating memory which "forces" them to dispense cash to anyone who enters certain code on its keyboard. The paper cites the deputy head of information security Artem Sychev, and adds that cash machines made by NCR were among the ATMs mostly attacked.
Biometric banking is coming to ATMs, testing is already underway. The new ATM concept would allow people to unlock their bank accounts with an eye scan. However, the technology that will do away with the need for cards in favor of iris scanners is being developed by a company accused of election fraud Activist Post reports: The video below makes the same plea to embrace new technology that is always heard when discussing a solution to the very real threat of identity theft. However, it is worth noting that in this case the company which is developing the solution is Diebold.