Financial Services IT

Financial IT news, trends, analysis and practical advice

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Fraud gang targeted large European companies

Recent malware attacks on Polish banks tied to wider hacking campaign

Malware attacks that recently put the Polish banking sector on alert were part of a larger campaign that targeted financial organizations from over 30 countries.

03 shipping malware

'Fileless malware' attacks, used on banks, have been around for years

Fileless malware attacks, which were recently discovered in the networks of at least 140 banks, telecoms and governments, account for about 15% of known attacks today and have been around for years.

Fraud gang targeted large European companies

Polish banks on alert after mystery malware found on computers

Malware discovered on computers and servers of several Polish banks has put the country's financial sector in alert over potential compromises.

credit card fraud

Online card fraud up as thieves avoid more secure chip cards for in-store payments

Deterred by more secure chip cards for in-store payments, thieves have resorted to stealing credit-card numbers and passwords or opening new accounts with false credentials to use in making online payments for purchases, according to...

security hacker privacy

Hackers seek company insiders on the black market

If you’re the CEO of a company, here’s another threat you need to worry about: hackers trying to recruit your employees for insider-related theft.

mobile payments

6 ways the digital-physical blur is affecting your money

The banking industry as well as the high-tech industry is continuing to experiment with the art of the possible, particularly around the digital-physical blur of payments and redesigned business processes. After more than 65 years of...

quicken software

54% off Quicken Deluxe 2017 Personal Finance & Budgeting Software, Disk or Download - Deal Alert

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Enterprise software

Survival strategies for a hyper-regulated economy

How software automation and mobile communication can ease the pain of regulatory compliance, improve enterprise performance and deliver new customer features.

capital one office

Capital One rides the cloud to tech company transformation

Capital One, one of the top 10 largest banks in the U.S. with $313 billion in total assets, wants to be a tech company that also is a top financial services provider.

visa cards credit debit money

‘Distributed guessing’ attack lets hackers verify Visa card details

Add credit card fraud to the list of things that distributed processing can speed up.

helen kelisky ibm uk

IBM will open the first of four new UK data centers next month

IBM is opening four new data centers in the U.K., despite some of the gloomy forecasts for the country's economy following its vote to leave the European Union.

tesco bank security

U.K. bank suspends online payments after fraud hits 20,000 accounts

The banking arm of U.K. supermarket chain Tesco has suspended online payments for its 136,000 checking account customers following a spate of fraud.

money, coins, cash, bank

Bankers plan to give Corda blockchain code to Hyperledger project

Corda, a distributed ledger platform developed by a finance industry consortium, will go open source next month when its developers donate the code to the Linux Foundation's Hyperledger Project.

2 online banking

Banks turn to A.I. for improved customer service, competitive edge

Here's how Capital One, RBS and TD Bank use artificial intelligence to boost customer service and revenue.

click fraud currency banking

Second group of hackers found also targeting SWIFT users

A second hacking group is also trying to rob banks by exploiting the SWIFT money transfer system, following an $81 million heist in February that used a similar approach.

chip and pin credit card

Chip card lawsuit to move forward against Visa, Mastercard, others

A federal judge has ruled it is plausible that four national credit-card companies improperly conspired “in lockstep” to set a deadline of Oct. 1, 2015 for requiring retailers to upgrade their technology to accept embedded chip cards...

gottfried leibbrandt ceo swift sibos 2016

Swift CEO details three more failed attacks on banking network

Banks stopped three new attempts to abuse the Swift financial transfer network this summer, its CEO Gottfried Leibbrandt said Monday, as he announced Swift's plan to impose tighter security controls on its customers.

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