Credit Suisse saves power with virtualization
Banking giant Credit Suisse has found a way to stem its seemingly ever-growing need for electricity, through the use of virtualization.
"finance" news, interviews, and features
News about finance
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Zeus botnet bank thieves were careless with own security
Suspects charged with stealing more than US$9.4 million from U.K. banks using the Zeus botnet apparently spent more time figuring out the logistics of stealing the money than they did on securing their cyber operation.
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Wall Street not bullish on cloud
Wall street firms have been slow to take full advantage of the potential financial and resource savings available through cloud computing because they have security and regulatory concerns, say IT executives.
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Cisco to pay its first dividend
Cisco plans to pay a dividend to shareholders for the first time in its history.
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Report: RBS WorldPay hacker gets four years' probation
The mastermind behind one of the biggest hacking paydays in history has been sentenced to four years' probation and an $US8.9 million fine, according to published reports.
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Apple said to be making big mobile payment move with recent hire
Apple could be making plans for a big role in mobile Near Field Communications (NFC) with the recent hiring of Benjamin Vigier as its product manager of mobile commerce.
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Hackers find a new target in payroll processing
Depression-era bank robber Slick Willie Sutton is famous for saying that he robbed banks "because that's where the money is." If he were around today, he'd have other options.
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How to steal corporate secrets in 20 minutes: Ask
A few companies in the Fortune 500 need to upgrade their Web browsers. And while they're at it, a little in-house training on social engineering wouldn't be a bad idea, either.
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ATM hack gives cash on demand
Barnaby Jack hit the jackpot at Black Hat on Wednesday. Twice.
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Cashless society? Not in the foreseeable future: Ovum
The amount of cash in circulation is continuously increasing and the vision of a 'cashless society' will not become a reality in the foreseeable future, according to Ovum.
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Demand soars for IT contractors in financial services
The number of job offers to IT contractors surged 320 percent from May to June, according to a survey from pre-employment screening firm Powerchex.
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AT&T offers businesses a smartphone credit-card payment service
AT&T on Wednesday announced a service for small- and medium-size businesses that want to use smartphones to accept credit and debit card transactions from customers. The service is based on technology from payment device manufacturer Apriva of Scottsdale, Ariz.
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NY bank IT tech pleads guilty to data theft, fraud
A former IT staffer with the Bank of New York Mellon pleaded guilty Thursday to stealing sensitive information belonging to 2,000 bank employees and then using that data to steal more than US$1 million from charities.
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IBM courts finance market with new framework
IBM unveiled on Tuesday a new package of pre-integrated software applications, called the Financial Markets Industry Framework, configured for the financial services market.
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Financial sites struggle after market crash
The stock market crash on Thursday afternoon took financial Web sites down with it, as people hurried online to make trades and check their investments.
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