Financial IT

Financial IT news, trends, analysis and practical advice

emv chip and pin
Bitcoin and other currency

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...

mobile payments homnick

Major banks prep their own mobile payment apps

Several major national and international banks are planning to launch their own mobile payments apps in 2015.

apple pay

Here's why Rite Aid and CVS turned off Apple Pay

Recent moves by the drugstore chains to stop taking mobile payments from Apple Pay and other NFC-enabled systems are part of a heated battle between retailers and credit card companies,

apple pay 2

Some BofA customers double-charged with Apple Pay

Some Bank of America customers have been double-charged for purchases made with Apple Pay, the payment system Apple launched on Monday.

appleibm primary

First products from Apple-IBM deal to come next month

The first products from Apple's mobile enterprise partnership with IBM will roll out next month, according to Apple CEO Tim Cook, who said the partnership "could change the way people work."

Obama orders chip-and-PIN for government credit cards

President Barack Obama issued an executive order Friday to have secure chip-and-PIN technology embedded in government-issued credit and debit cards as part of an effort to stem payment data breaches.

mastercard payment card

MasterCard demos a prototype contactless card with a fingerprint sensor

MasterCard is testing a contactless payment card with a built-in fingerprint reader that can authorize high-value payments without requiring the user to enter a PIN.

There really IS such a thing as too much choice

It's 1985, and this programmer pilot fish is asked to work on a pioneering banking software project -- one that uses PCs, complete with a graphical user interface for generating reports. And therein lies a problem.

computer hacking hacker thief white collar crime stealing keyboard hand shadow 000001325773

Russian cybercrime group compromised half a million computers

A mistake by a suspected Russian-speaking cybercriminal group let a security vendor peep on a campaign that stole login credentials for hundreds of thousands of online bank accounts.

financial figures magnifying glass tax finance report financial figures bank statement 000001825418

Data leak releases account information from bond insurer MBIA

A data leak from the Municipal Bond Insurance Association has exposed a large amount of customer information including account numbers, balances and account holder names, according to the blog KrebsOnSecurity.

ATM machine

Criminals used malware program to steal millions from ATMs

Criminals have stolen millions of dollars from ATMs worldwide using a specialized malware program that forces the machines to dispense cash on command.

Load More