Financial Services IT

Financial IT news, trends, analysis and practical advice

Malware steals payment card data from PoS
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The last throes of the financial printing typesetter

Pronounced all but dead since the advent of SEC self-filing software solutions, their proprietary skill sets suitable only to an industry in decline, financial typesetters still working are bucking the odds. But for how much longer?

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Yodlee to boost financial transactions with contextual data

There was a reason for that acquisition, and it was all about data. Envestnet leverages Yodlee's breadth.

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Bitcoin exchange Bitfinex may have lost $63M to hackers

A digital exchange in Hong Kong suspended trading after a security breach in which thieves made off with an apparent $63 million worth of bitcoins.

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IBM tests secure cloud blockchain service

IBM is cranking up the security on its cloud-based blockchain service.

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SWIFT brings in external support as it fights wave of bank hacks

SWIFT is bringing in additional security support after a series of high-profile bank heists and attempted bank heists conducted via its financial transaction network.

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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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