![]() financial institution since the height of the financial crisis almost 15 years ago.” ![]() It is, as the AP puts it, “the largest failure of a U.S. Federal regulators worked over the weekend to control the damage. Just before noon on Friday the US Federal Deposit Insurance Corporation (FDIC) closed SVB, placed it in receivership, and began working to find buyers for the failed bank. The failure hit the tech sector (and the cybersecurity sector) hard, especially its venture-backed start-ups, hard. DDoS apart, all remains more-or-less quiet on the cyber front.Ĭoping with Silicon Valley Bank's collapse.Ī run on the bank drove Silicon Valley Bank (SVB) into insolvency.BatLoader's abuse of Google Search Ads.Coping with Silicon Valley Bank's collapse.
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