finance - News, Features, and Slideshows

News

  • IBM announces tech deals with five African banks

    IBM Wednesday announced the signing of five strategic agreements in the Kenyan financial services sector, which it said are another example of the growing wave of innovation in African banking.

  • Court dismisses most breach claims against Heartland by banks

    A U.S. district court in Texas has dismissed all but one of the claims brought by several banks against Heartland Payment Systems over the massive data breach the payment processor <a href="http://www.computerworld.com/s/article/9126379/Heartland_data_breach_could_be_bigger_than_TJX_s">disclosed in January 2009</a> .

  • Getting a handle on complexity

    Everyone knows complexity is a foe of IT. But how bad is it, and how do you tell if your decisions are making it better or worse? Peter Leukert, CIO of Commerzbank, one of the largest banks in Germany, set to find out. Leukert, who runs the financial service giant's 3,800 member centralized IT group, built an IT Complexity Model to get a handle on the problem, and then turned to consulting firm Capco Partners to help get other financial service firms involved. Network World Editor in Chief John Dix recently caught up with Leukert and Mat Small, Partner with Capco in New York, for a briefing on the effort.

  • Banks fending off brazen hacker raids on business accounts

    Banks are having to fend off ever <a href="http://www.networkworld.com/news/2010/110410-financial-services-fraud-defence.html">more attacks from hackers</a> who break into computers of their business customers and try to make fraudulent funds transfers electronically for large amounts. If you doubt how bad this hacker scourge has become, ask Jorge Solis, senior vice president of security at First Midwest Bank.

  • Robots are taking mid-level jobs, changing the economy

    Cambridge, Massachusetts: Computers and robots will replace humans in enough jobs that they will dramatically change the economy, said industry watchers and MIT economists at a robotics symposium Monday. And, they said, the transition has already started.

  • Appeals court says some claims may proceed in Hannaford data breach lawsuit

    In a rare instance of a court's siding with consumers in a data breach lawsuit, a federal appeals court has cleared the way for a class-action lawsuit to proceed against grocery chain Hannaford Bros. over a 2007 <a href="http://www.computerworld.com/s/article/9068999/Update_New_retail_data_breach_may_have_affected_millions_of_Hannaford_shoppers">data breach</a> that exposed millions of customers' credit and debit cards.

  • DHS seeks to share top-secret info with banking and finance cybersecurity pros

    The <a href="http://www.networkworld.com/community/blog/privacy-groups-protest-massive-dhs-database-s">Department of Homeland Security</a> works with financial institutions to thwart cyber attacks and plans to do so more and more in the future, according to DHS testimony to Congress, including sharing top secret cyber intelligence.

  • Vending machine company announces major data breach

    Vacationland Vendors, a company that supplies vending machines and games to entertainment venues, has disclosed a data breach affecting about 40,000 people who visited waterpark resorts in Wisconsin and Tennessee between December 2008 and May 2011.

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