India's City Union Bank said on Sunday that "cyber criminals" had hacked its systems and transferred nearly $2 million through three unauthorised remittances to lenders overseas via the SWIFT financial platform.
An open industry alliance of 150 members that includes many of the world's biggest vendors -- but notably, not Apple -- released specifications Tuesday that promise to secure online communications without using passwords.
The U.S. Department of Justice has brought charges against nine alleged members of a criminal organization that distributed the Zeus Trojan used to steal millions of dollars from bank accounts nationwide.
Today it's easy to transfer money, make payments, and buy goods and services in countless ways outside the walls of a bank or retailer. In fact, physical visits to banks are down 30 percent since last year, and the use of mobile banking apps is up 33 percent, according to a new survey from Chase. Banks are embracing new technologies and evolving consumer habits to engage the next generation of customers.
In the IDG Enterprise Interview Series, you'll hear from technology CIOs and CEOs on today's burgeoning trends, ongoing headaches and upcoming product plans. Check out this informative series from IDG Enterprise Chief Content Officer John Gallant and his team of editors.
As more and more smartphone and tablet users shop via their mobile devices, being able to accept mobile payments is becoming a more important element of ecommerce. But does it make sense for your business? Mobile payment service providers Square, PayAnywhere, PayPal and Bank of America discuss fees, security and which types of business would benefit the most.