Startup wants to be Australia's Mint.com
Pocketbook, a Sydney-based startup, seeks to build a simpler and more useful service for managing spending than current offerings in Australia.
Pocketbook, a Sydney-based startup, seeks to build a simpler and more useful service for managing spending than current offerings in Australia.
It's been a month of crippling denial-of-service attacks on websites operated by U.S. banks and financial services firms. A terrorist organization called Al-Qassam takes credit online, but now the attacks are being blamed on Iran.
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.
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> .
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 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.
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.
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.
Swab tests recently conducted of public surfaces in six major cities revealed that ATMs are among the worst carriers of illness-causing germs.
PayPal has unveiled a mobile payment initiative for shoppers that doesn't require near-field communication (NFC) technology inside smartphones.
Goldman Sachs came out on top in a ranking of the best IT departments in the financial services sector, as determined by a survey of 144 tech pros who work in that industry.
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.
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.
The three wireless carriers in the Isis mobile-payment joint venture are investing more than $100 million into the project, according to a published report.
NYSE Euronext has rolled out 10GbE throughout its data centers, and with the new networking technology the stock exchange boasts 2.4Tbps aggregate bandwidth or a sub-75 microsecond round trip for network messages.