Financial Services IT

Financial IT news, trends, analysis and practical advice

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swift security breaches

Swift hopes daily reporting will help stem payment fraud

Swift is introducing a new reporting system to help banks identify fraudulent payments made over its financial transfer network -- but the reports will arrive up to a day too late to stop them all.

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Bank of England wants next payment system to be blockchain-ready

The Bank of England wants to open its interbank settlement service to blockchain technologies as part of a major revamp of the system.

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SWIFT: More banks hacked; persistent, sophisticated threat is here to stay

SWIFT warned that more banks have been attacked, some losing money in the high-tech heists, and urged banks to tighten security since the persistent and sophisticated threat is here to stay.

Malware steals payment card data from PoS

Eddie Bauer is latest retailer to be hit by point-of-sale malware

Sportswear retailer Eddie Bauer informed customers that point-of-sale systems at its stores were hit by malware, enabling the theft of payment card information.

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How 3 fintech startups are shaking up security

Over the years, the financial industry has invested heavily in staff, processes and technology to improve security. But some startups are taking a more innovative approach.

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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.

Bitcoins

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.

swift security breaches

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...

Chase EMV United card

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.

Sberbank

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.

atm cash machine money

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.

swift security breaches

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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