Financial Services IT

Financial IT news, trends, analysis and practical advice

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Top 10 emerging technologies from the World Economic Forum

The World Economic Forum has compiled a list of the top 10 emerging technologies for 2016. The list includes nanosensors that will circulate through the human body, a battery that will be able to power an entire town and socially...

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Visa moves to streamline chip-card processing certifications

After months of frustrating delays for U.S. merchants that have been required to roll out payment systems that accept new, more secure computer chip credit and debit cards, Visa announced a series of remedies.

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Fed reports 50-plus breaches from 2011 to 2015, some instances of espionage

The U.S. Federal Reserve, the nation's central bank, detected more than 50 cybersecurity breaches between 2011 and 2015, including a handful attributed to espionage.

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How Russia's oldest bank found itself on the leading edge of in-memory computing

It's not your average company that can trace its origins back to a 19th-century Russian czar, ...

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Malware links SWIFT breaches at banks to N. Korean hackers

Malware links suggest that North Korean hackers might be behind recent attacks against several Asian banks, including the theft of $81 million from Bangladesh central bank earlier this year.

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Up to a dozen banks are reportedly investigating potential SWIFT breaches

Up to 12 banks have reportedly launched investigations into potential security breaches on their networks after hackers stole $81 million from the Bangladesh central bank earlier this year.

Encryption

Encryption is the foundation of the new data center

As workloads in the corporate data center begin to migrate to the public cloud, the need to encrypt data in motion and at rest becomes foundational.

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SWIFT asks customers to help it end a string of bank frauds

Financial transaction network SWIFT called on its customers Friday to help it end a string of high-profile banking frauds perpetrated using its network.

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How to select ERP for the services industries

ERP for manufacturers, an ERP suite for service industries needs to be focused on managing projects not products, according to a report from Technology Evaluation Centers. Download this free buyer’s guide to get in-depth analysis of...

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Malware attacks on two banks have links with 2014 Sony Pictures hack

Bangalore Bank, a commercial bank in Vietnam and ... Sony Pictures are the unlikely bedfellows in a tale of cyber intrigue uncovered by security researchers at BAE Systems.

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SWIFT warns of malware attack on another customer

Financial transaction network SWIFT has renewed its warning to customers to be on their guard following the discovery of malware at another bank using its services.

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Lawmakers probe large data breaches at FDIC

The personal banking information of about 160,000 U.S. residents walked out the door of the Federal Deposit Insurance Corporation on removable media of employees departing in recent months.

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Bangladesh central bank hack may be an insider job, says FBI

The FBI has found evidence that at least one employee of Bangladesh’s central bank was involved in the theft of $81 million from the bank through a complex hack, according to a newspaper report.

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ZipBooks wants to shake up the accounting software market by helping customers collect cash

A zero-sum game? Not so much. ZipBooks believes it has something fresh to offer the SMB accounting software space.

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Update: Craig Wright claims he is bitcoin inventor Satoshi Nakamoto

Australian entrepreneur Craig Wright is bitcoin creator Satoshi Nakamoto, he has claimed on his personal blog and in media interviews.

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SWIFT banking network warns customers of cyberfraud cases

SWIFT, the international banking transactions network, has warned customers of "a number" of recent cyber incidents that criminals used to send fraudulent messages through its system, according to a news report.

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SunEdison, world’s largest renewable energy firm, files for bankruptcy

SunEdison, one of the oldest photovoltaic manufacturers and installers, today filed for Chapter 11 bankruptcy protection after a binge of acquisitions left it with massive debt.

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Chip card payment confusion, anger rages on

Six months after U.S. retailers began assuming liability for debit and credit card fraud, only a fraction of the nation's in-store payment terminals can accept the highly secure chip-enabled cards.

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