Financial IT

Financial IT news, trends, analysis and practical advice

bitcoinage
gmailicon greenbot

point of sale credit card reader

New malware program PoSeidon targets point-of-sale systems

Retailers beware: A new Trojan program targets point-of-sale (PoS) terminals, stealing payment card data that can then be abused by cybercriminals.

121114 bitcoin

One year later, we're no closer to finding MtGox's missing millions

Few people marked the recent anniversary of one of the biggest catastrophes to hit bitcoin -- the day MtGox went bust.

mobile payment 03

Battle over mobile payments is raging

Mobile in-store payments could grow dramatically in the U.S. as a result of a battle brewing among tech giants Google, Samsung and Apple.

security cloud lock

Box woos financial services firms with a tailored cloud offering

It was just about two weeks ago that Box set out to remove a major barrier to the cloud for security-minded organizations with its Encryption Key Management capability. Now, it's taken that focus a step further with a full-fledged...

credit card fraud

Russian extradited to U.S. for hacks that stole 160M credit card numbers

A Russian man accused of high-profile cyberattacks on Nasdaq, Dow Jones, Heartland Payment Systems and 7-Eleven has been extradited to the U.S. and appeared in court in Newark, New Jersey, Tuesday. Vladimir Drinkman, 34, of...

carbanak

Is YOUR money safe? Banks lose $1B from Carbanak / Anunak hacks

'Cybergang' dubbed Carbanak or Anunak blamed for stealing as much as $1,000,000,000 from more than 30 banks. Eugene Kaspersky's eponymous AV company revealed the problem this morning.

Unlocked circuit board / security threat

Cybercriminal gang plunders up to $1B from banks over two years

A still-active cybercriminal gang has stolen up to a $1 billion from banks in at least 25 countries over the last two years.

People don't trust mobile wallets and apps

A survey of 15,000 mobile users in 15 countries found that their trust level in mobile payments is degraded because they believe that payment systems aren't secure or they don't trust a service or online merchant.

emv chip and pin

Will the U.S. be ready with secure chip cards and payment terminals?

Only about half of the 12 million merchant payment terminals in the U.S. will be converted to accept more secure smart credit and debit cards and NFC-ready smartphones by the end of 2015, according to financial officials working to...

Bitcoin and other currency

Coinbase set to launch licensed Bitcoin exchange in the US

Bitcoin wallet provider Coinbase will launch the first U.S. licensed exchange for the digital currency on Monday, according to a Wall Street Journal report.

Cameron and Tyler Winklevoss

Winklevoss twins plan regulated Bitcoin exchange

The most famous twins in social media and cryptocurrency want to launch a regulated Bitcoin exchange -- named Gemini, of course.

cybercrime

This tool may make it easier for thieves to empty bank accounts

Banks and payment services are in a constant fight to detect account fraud, employing sophisticated ways to detect abnormal activities. One of those ways is "fingerprinting" a Web browser, or analyzing its relatively unique software...

credit card caught on a fishing hook concept for addiction to spending with credit or phishing 9178

Stolen credentials used to access United Airlines' MileagePlus accounts

Three dozen loyalty accounts belonging to United Airlines customers saw fraudulent transactions after hackers used login credentials collected from an unknown source.

Cybercrime group steals millions from Russian banks, targets US and European retailers

A sophisticated group of cybercriminals has stolen more than $25 million by hacking into the infrastructure of numerous financial institutions in Russia and former Soviet Union countries, as well as into point-of-sale systems...

Trojan program based on ZeuS targets 150 banks, can hijack webcams

The new Chthonic Trojan borrows features from ZeuS and several of its spinoffs, researchers said

The Sony breach may be start of new nation-state cyberattack

It has been an exceptional year for IT security breaches and part of an escalating trend in destructive attacks, and it's going to get worse.

credit card quantum security

Quantum physics used in quest for fraud-proof credit cards

Researchers in the Netherlands are applying quantum physics in an attempt to create fraud-proof credit cards and ID cards.

Q&A

Fidelity's top IT exec sees potential in A.I.

For several years, Stephen Neff, enterprise CTO at Fidelity Investments, has been focusing on the cloud, social tools and mobile. Now he's turning his attention to emerging technologies such as artificial intelligence, gamification...

Load More