Finance

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News

GE Capital Says No Customer Data Compromised by Heartbleed

GE Capital has responded to media reports that financial websites run by GE Money could be vulnerable to the Heartbleed security bug by saying that it has "no reason" to believe any customer data has been compromised. Full Story »
News

Bitcoin Akin to the Internet 20 Years Ago, Digital Currency Executive Says

Bitcoin today is like the Internet of 20 years ago, showing immense promise but in need of much more development, a digital currency executive said Monday, kicking off the Inside Bitcoins conference.

News

New Federal Rule Requires Banks to Fight DDoS Attacks

Banks and financial institutions regulated by the federal government must now monitor for distributed denial-of-service (DDoS) attacks against their networks and have a plan in place to try and mitigate against such attacks, a federal regulatory body said this week.

News

Bitcoin Crackdown in China Halts Bank Transfers for Two Exchanges

China's central bank is forcing the closure of banking accounts operated by the exchanges

News

Banks Pulls Out of Class-Action Suit Against Target, Trustwave

One of the two banks suing Target and security vendor Trustwave over responsibility for one the largest data breaches in history has pulled out of the lawsuit.

Connect

Continuous IT Innovation Shapes the Future of Financial Services Firm

Under CIO Victor Fetter's leadership at LPL Financial, the IT group has moved from 'working on projects' to delivering solutions that shape the business and the marketplace.

News analysis

Financial Services Firms See Mobile Boom, But Blackberry and CIO Roles Fade

The financial services industry is on the verge of a mobile explosion. The number of smartphones will double in the next year. However, BlackBerry use is headed in the opposite direction as companies migrate to other mobile platforms. The role of CIOs in mobililty is also fading.

News

Driving Innovation at Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with assets under administration of $4.7 trillion, and it didn't get there by using yesterday's technology. In fact, the company has a standalone group, Fidelity Center for Applied Technology more commonly referred to as Fidelity Labs -- whose job it is to take the long view, to examine technologies years before they become mainstream and help the firm get a leg up.

News

Banks' Suit in Target Breach a 'Wake Up Call' for Companies Hiring PCI Auditors

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.

News

ATM Malware, Controlled By a Text Message, Spews Cash

A group of enterprising cybercriminals have figured out how to get cash from a certain type of ATM -- by text message.

News

Bank of America Sees Software-Defined Data Centers as 'Irresistible'

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, from the data center to desktop.

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ATM Operators Eye Linux as Alternative to Windows XP

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.

News

Most ATMs Will Remain on Windows XP After Microsoft's Pulls Plug on OS

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 on April 8, raising serious security and compliance issues for the systems' operators.

News

Happy Returns: The Safe Way to E-File Your Taxes

Online tax prep and filing services are available on more devices than ever. Here's how to make sure convenience doesn't come at a cost.