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SCOTTSDALE, Ariz.—As companies begin to rely more on remote workers, one report cautions that as the Internet of Things (IoT) gains traction, workers based at home have emerged as a potential weak link in cybersecurity.

LONDON–Police here have arrested a man suspected of being behind the hacking of toymaker VTech.

ALLEGAN, Mich.—After working at the $31-million Allegan Community CU for 38 years, CEO Billie McClellan is retiring.

WASHINGTON–The Federal Trade Commission is reporting that LifeLock has agreed to pay $100 million to settle a case in which the company failed to establish and maintain an information security program to protect customers personally identifiable information.

MINNEAPOLIS, Minn.—Target Corp is reported to be in the early stages of developing its own mobile wallet.

DENVER—LenderLive has named Jenny Klamfoth as regional account executive in the company’s Correspondent Lending division. 

PURCHASE, N.Y.—U.S. retail sales saw solid gains this holiday season, according to a new study.

QUINCY, Mass.—Quincy CU is reporting that it has been hit with an ATM skimming attack that has compromised at least 670 member accounts.

GRAND RAPIDS, Mich.–The proposed merger between $2-billion United FCU and $4-billion Lake Michigan Credit Union here—termed the “largest merger in credit union history”—may be called off.

WASHINGTON–Freddie Mac’s newest Multi-Indicator Market Index (MiMi) shows the housing market’s ongoing improvement, with two additional states–New York and Kansas–entering their outer range of “stable housing activity,” as well as three more metro areas: New York City, Palm Bay, Fla. and Minneapolis.