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Arbor National Commercial Mortgage

National Arbor Day Foundation Commercial (1986)

Television commercial for trees from The National Arbor Day Foundation. (1986)

MB Financial to end mortgage business, cut 495 jobs in Michigan

MB Financial Inc. is laying off 495 employees in Michigan following the decision to scrap its national mortgage origination business.

The Chicago-based bank is planning to lay off 406 people at its Ann Arbor office, 64 at its Milford location and 25 total in Farmington Hills, Northville, Southfield, Taylor and West Bloomfield Township, according to a notice filed with the state Thursday.

The notice said the company is planning "layoffs and facility closures in Michigan and other locations." It is unclear which locations would be closing and what presence MB Financial would have left in the market after the mass layoffs.

A message was left Thursday with the company's vice president of corporate communications.

The first layoffs are scheduled to begin July 2. Additional layoffs at the Ann Arbor and Milford locations are to occur through December. Layoffs in metro Detroit are also starting July 2.

Founded in 1911, MB Financial has $20 billion in assets and offers services in personal, business and commercial banking.

DDoS attacks on Australian targets quadrupled in April; were you ready for the surge?

April not only saw a surge in DDoS activity, but it was a busy month for global efforts to stop major DDoS actors: late in the month, Dutch and British police led an operation that arrested the developers of the DDoS-as-a-service site, which was credited with launching over 6 million DDoS attacks for up to 136,000 registered users.

The low cost of Webstresser and similar attacks “suggest entire organisations or parts of a country can be disrupted for the price of a pound of good coffee beans,” McAfee head of cyber investigations John Fokker wrote in a recent blog , noting the predominance of gaming-related DDoS attacks “predominantly committed by young people”.

Such attacks “are becoming increasingly popular and the relative ease with which these attacks are carried out by individuals with little hacking experience is striking,” Fokker wrote. “One might think that attacking websites is all fun and games, but it is game over when the authorities come knocking at your door.”