Companies trading in Bitcoin and other virtual currencies would be required to hold enough of the currencies to cover their debts to customers and would have to verify the identities of account holders as a protection against money laundering, under new regulations proposed by the New York State Department of Financial Services [DFS].
Visa announced a new simplified digital payment service called Visa Checkout, which is designed to allow customers to pay quickly for goods online on any connected device.
Bank of America illegally copied $300 million worth of Tibco's enterprise software for use in a massive IT project at its Merrill Lynch subsidiary, Tibco alleges in a lawsuit.
Restaurant chain P.F. Chang's China Bistro says the theft of credit and debit card information from some of its restaurants earlier this year was "part of a highly sophisticated criminal operation."
Data breaches at retailers and financial services companies exposed 14 percent of all U.S. debit cards in 2013, according to a nationwide survey by a major ATM network operator.
One Wall Street firm found computational success not on the traditional path of enterprise Java, but in an obscure functional programming language called Caml, which offered the perfect tradeoff of concision and readability.
Despite a leak of its source code, an Android program aimed at compromising online bank accounts is still commanding $5,000 per copy, one of the highest prices seen for a type of malware, according to research from Symantec.
Web application attacks, cyber-espionage and point-of-sale intrusions were among the top IT security threats in 2013, according to Verizon's latest annual report on data breach investigations.
The Tokyo District Court has granted a bankruptcy examiner six more weeks to assess the convoluted situation surrounding failed Bitcoin exchange Mt. Gox.
Industry efforts to shore up payment card security after the massive data breach at Target appear to be devolving into a battle over chip vs. PIN technology between retailers and credit card companies.
Creditors of failed Bitcoin exchange Mt. Gox are trying to force its CEO Mark Karpeles to go to the U.S. for questioning related to a fraud lawsuit.
A lawsuit filed by two banks against Target and Trustwave Holdings, the retailer's security assessor and service provider, could lead to more rigorous evaluations of a company's security for protecting payment card data, experts say.
Bitcoin's popularity is growing, but even its biggest backers say it has a mountain of problems to overcome in gathering wider appeal.
The Internal Revenue Service said it will treat Bitcoin as a form of property for tax purposes, rather than as currency, making it subject to similar rules as stocks and barter transactions.
A group of enterprising cybercriminals have figured out how to get cash from a certain type of ATM -- by text message.
Driven by a very strong belief in the future of software-defined data center technology, Bank of America is steering its IT to almost total virtualization.
A small bitcoin exchange in Beijing is in trouble again after trying to earn back funds lost in two hacking incidents last year.
Some financial services companies are looking to migrate their ATM fleets from Windows to Linux in a bid to have better control over hardware and software upgrade cycles.
Chinese e-commerce giant Alibaba Group is investing $215 million to acquire a minority stake and a seat in the board of Tango, a mobile messaging app from the U.S.
More than six out of 10 ATM machines in the country will be running on an obsolete operating system when Microsoft pulls the plug on Windows XP support on April 8, raising serious security and compliance issues for the systems' operators.