Banks

  • New 'Sophisticated' Trojan, Which Is Undetectable, Has Emptied Bank Accounts Worldwide

    New 'Sophisticated' Trojan, Which Is Undetectable, Has Emptied Bank Accounts Worldwide

    Hold onto your hats. A new version of the Zeus trojan, called Zeus3, has wreaked havoc on thousands of bank accounts worldwide, stealing just over $1 million. The best part? There’s pretty much no way to detect the trojan if it’s on your system. Hooray for humanity, right? Read More

  • Identity theft costs rise overall, while costs per victim decline

    Identity theft costs rise overall, while costs per victim decline

    According to an article at Forbes, identity theft and related fraud were up considerably in 2009 with 11.2 million victims for an estimated cost of $54 billion U.S. dollars. In 2008, just under 10 million people were ripped off as a result of identify theft, for an estimated cost of $48 billion. Interestingly, the cost to individuals as a result of data breaches has declined from $498 in 2008 to… Read More

  • Servers compromised at World Bank, senior technology manager calls it an ‘unprecedented crisis’

    Servers compromised at World Bank, senior technology manager calls it an ‘unprecedented crisis’

    Whoops. Fox News is reporting that the World Bank is smack-dab in the middle of what “may be the worst security breach ever at a global financial institution.” It’s not really clear what exactly has happened but it is clear that this isn’t the first time that the bank has had problems with its cyber security and that some of the more serious past intrusions have come from… Read More

  • Dude rips off online brokerages 'Office Space' style

    Get this. You know how when you have to confirm your bank account with, say, Paypal or Google Checkout or any number of online services that want to make sure the bank account that they’re going to be depositing money into belongs to you? So you’ll generally receive two small deposits — pennies each — that you’ll have to confirm, right? Well some guy used an automated… Read More

  • Canadian bank gives out Eee PCs with new accounts

    Canadian bank gives out Eee PCs with new accounts

    Wow, that’s MUCH better than a stupid alarm clock or gold fountain pen. Royal Bank of Canada is giving away 2G Surf Eee PCs when you open a new account. Sure wish I lived in Canada. Is there a catch? Of course! There are only two eligible accounts to choose from; one’s $14 per month and one’s $30 per month. But hey, free Eee. Well played, Canada. RBC Royal Bank [RBCRoyalBank.com]… Read More

  • Young 'uns getting in on the mobile banking thing, oldsters opting out

    Young 'uns getting in on the mobile banking thing, oldsters opting out

    One out of five 18-35-year-olds has used their cell phone for a banking transaction – twice as many as the general population, according to a study done for IBM. Now, I’ve moved almost exclusively to online banking, but my balance transfers aren’t pressing enough that I need to do them from the middle of the street. Most people are afraid of losing personal information, but that… Read More

  • The ATM Turns 40 Today

    The ATM Turns 40 Today

    Today, we must pay homage to a device we take for granted on a daily basis. The Automatic Teller Machine turns 40 years old today and did you know that it started out across the pond before making its way to the US? Creator Shepherd Barron got the idea while sitting in a bathtub, idly pondering how he could get his own cash anywhere in the world or UK. He got the idea of the ATM from a chocolate… Read More

  • An End To Bank-related Phishing

    An End To Bank-related Phishing

    There’s no doubt that phishing has become a huge problem. If you legitimately bank online, use Paypal, or have an eBay account, it’s beyond my comprehension how you manage to tell the real e-mails and fake e-mails apart. But Mikko over at F-Secure has what seems like a foolproof plan to counter bank-related phishing scammers. Make a new top level domain called .bank. This new domain… Read More

  • Buzzkilling Digital Piggy Bank

    The Pig E Bank takes all the mystery (and, thereby, the fun) out of your kid’s stash by telling them exactly how much money it contains at any given time, which is a very 21st century way to teach your young ones that life ain’t nothin’ but bitches n’ money (you’ll have to figure out the “bitches” part on your own). Instead of the traditional breaking of… Read More