Financial IT

Financial IT news, trends, analysis and practical advice

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Q&A

GE Capital's Karen Blackie manages a follow-the-sun operating model

Karen Blackie, vice president of enterprise systems and data at GE Capital, oversees a team of 180 people in nine countries who handle design, development and operations of enterprisewide applications in a true follow-the-sun...

NCR's new Cx110 thin-client ATM

ATMs are about to get a cloud makeover

ATMs have been around for decades, but surprisingly few changes have been made to the technologies they use. That's about to change.

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Bitcoin Foundation hit by big bitcoin losses

The Bitcoin Foundation, formed in 2012 to promote the virtual currency, has rejected claims by a board member that it's bankrupt but has acknowledged significant financial problems -- ironically as a result of a big drop in the value...

bitcoinage

Bitcoin Foundation said to be out of cash

The Bitcoin Foundation, an organization that promotes development of bitcoin, is "effectively bankrupt" and has shed most of its staff, a member of the foundation's board of directors has said.

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Enterprise bank accounts targeted in new malware attack

IBM has identified a new targeted attack, called Dyre Wolf, that has already bilked organizations of untold sums of money

tech catastrophes

Tech apocalypse! 9 doomsday scenarios

Far-reaching fallout awaits us at the littlest hack or glitch, thanks to our increasing reliance on hyperadvanced computing and vast communication networks.

emv chip and pin

Switch to new chip card stirs up e-payments industry

A behind-the-scenes switch in the payments industry coming in October will change the way U.S. consumers shop and could bring wider acceptance for Apple Pay and its competitors.

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Silk Road investigators charged with stealing bitcoin

Two former U.S. government agents face charges related to stealing hundreds of thousands of dollars worth of bitcoin while assisting with an investigation of the Silk Road underground online marketplace, with one accused of using a...

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Google said to prep billing payment service for Gmail

Google reportedly is creating a service to let people pay their bills from their Gmail accounts.

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.

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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.

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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...

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