The sharemarket fell slightly in quiet trading yesterday as global equity markets awaited the outcome of negotiations to avoid the so-called fiscal cliff that threatens to slow the US economy next year unless politicians reach agreement on ...
Tags: sharemarket, fiscal, Banks, Share trading volume
Apple has become the target of another lawsuit in China, this time because of its Siri technology, with a Shanghai-based company alleging that Apple has infringed on a patent involving its own personal assistant software. The company, ...
Tags: Apple, Siri technology, Shanghai Company
The Treasury Committee requested that RBS chief executive Stephen Hester provide a detailed explanation of what went wrong at the bank to cause its ongoing IT issues. In a letter to the bank, Andrew Tyrie, chairman of the Treasury ...
Tags: RBS, MPs, IT Explanation
THE Australian sharemarket finished on a 16-month closing high as progress with the US fiscal cliff negotiations led to across the board gains for local stocks. At the close,the benchmark S&P/ASX200 index was up 21.8 points,or 0.48 per ...
The US conglomerate Illinois Tool Works is set to sell a 51% stake in its Decorative Surfaces division to the private equity firm Clayton, Dubilier & Rice (CD&R). ITW and CD&R announced that an agreement to this effect had been signed on 16 ...
The solar PV system segment is one of the most profitable segments in the solar supply chain,especially for firms with stable cash flow.Nevertheless,some firms have not been able to enter the segment due to lack of capital. From upstream ...
Regulators must force banks to overhaul complex IT infrastructures which risk causing further large-scale system outages, IT trade body Intellect has urged. The UK’s financial IT infrastructure is no longer fit for purpose and risks ...
Tags: IT infrastructure, IT trade, financial IT infrastructure
The financial services industry is undergoing massive change. The global economic crisis, on-going Eurozone challenges and well publicised banking scandals have left the sector with a severely tarnished reputation and under real scrutiny. ...
Tags: financial service, economic crisis, Eurozone challenge, banking scandal
VistaOne Solutions,a UK financial data management,reporting and distribution service firm has launched vSolvencyII,a data governance platform to comply with Solvency II regulations. According to the solution provider,the offering will ...
The UK's financial services sector needs urgent investment in its IT infrastructure in order to identify and mitigate systemic risks,according to a report by the trade association for the UK technology sector,Intellect. In its Biting the ...
Tags: Banks, IT infrastructure, financial system, RBS
Bank employees, not customers, are now the main target of financial cyber attacks, according to the FBI. In a warning issued earlier this week, it said the latest trend by cybercriminals is to get employee login credentials, using spam ...
Tags: BYOD, cyberattack, cybercrime, FBI, highlightedpost, risk, Trojan
A cyber gang thought to be based in Eastern Europe and the former Soviet Union is recruiting dozens of people to participate in a scheme to steal millions of dollars from 30 major U.S. banks, according to RSA. The organisers are thought ...
Tags: cyber crime, cyber criminals, highlightedpost, Trojan, banks
Apple has agreed to pay$60 million for ownership of the iPad trademark in China,as part of a settlement with a little-known Chinese firm called Proview that had tried to ban sales of the tablet in the country,according to a local court. ...
Tags: Apple, Ipad Trademark, China, Guangdong Province Higher People's Court
Cyber attackers who disrupted the websites of U.S. banks over the last two weeks used a highly sophisticated toolkit — a finding that points to a well-funded operation, a security vendor has said. Prolexic Technologies said the ...
Tags: cybercrime, Hactivists, highlightedpost, Bank attacks
Investment bank Investec sees social media as part of the insider threat to information security, but has implemented policies and technologies to make it work. “Staff members are probably one of the biggest threats,” David ...