Financial IT

News about Financial IT

Wall Street pushes for exemptions in state social-media monitoring laws

Even as several states have put in place, or are proposing new laws barring employers from monitoring the social media activities of their employees, one Wall Street regulator is seeking exemptions to such rules for some financial services companies.

By Jaikumar Vijayan | 23 April, 2013 17:04

Tags: Gov't Legislation/Regulation, Internet-based applications and services, regulation, LinkedIn, twitter, government, social media, internet, privacy, Facebook, Financial IT, security
Retailer faces uphill battle in US$13M lawsuit against Visa, analyst says

Specialty retailer Genesco faces an uphill battle in its precedent-setting US$13.3 million lawsuit against Visa USA, a Garner analyst said.

By Jaikumar Vijayan | 15 March, 2013 16:09

Tags: Financial IT, visa, security, None, endpoint security, encryption
Experts unsure whether Iran is behind bank DDoS attacks

Though U.S. officials blamed Iran for an ongoing stream of distributed denial of service attacks against major U.S. banks, security experts say there's not enough evidence yet to assign blame.

By Jaikumar Vijayan | 11 January, 2013 21:26

Tags: Cybercrime and Hacking, new york times, National Security Agency, Bank of America, Financial IT, security, washington post, Wells Fargo
Citigroup cutting IT jobs, shifting some work offshore

Citigroup is cutting 11,000 jobs, many in IT, as part of a restructuring announced Wednesday.

By Jaikumar Vijayan | 05 December, 2012 20:46

Tags: citigroup, Configuration / maintenance, Financial IT, hardware systems, IT careers, Data Center, wipro
Construction company, bank, settle dispute over $345,000 cyber heist

A Maine construction company that sued its bank after losing $345,000 in an online banking heist settled its dispute after a protracted legal battle that raised questions about a bank's responsibility in protecting customer accounts against cyber fraud.

By Jaikumar Vijayan | 27 November, 2012 20:08

Tags: Financial IT, security

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Features about Financial IT

Security lessons from 2012

More DDoS attacks on banks, cyberwarfare, and targeted attacks could well be in store in 2013, security experts warn.

By Jaikumar Vijayan | 03 January, 2013 12:42

Tags: Cybercrime and Hacking, Financial IT, security, cyberwarfare
New York, New Jersey financial sector well prepared for Hurricane Sandy

Lessons from 9/11 have helped ensure the financial services sector in New York and New Jersey is prepared for disasters, and even shorted the time to recover when regional events happen.

By Lucas Mearian | 27 October, 2012 10:14

Tags: disaster recovery, applications, NYSE Euronext, New York Stock Exchange, software, Euronext, Kno, cloud computing, internet, AccuWeather, virtualization, Gartner, Financial IT

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