banking

Consumers and businesses in Great Britain have lost more than $1 million so far this summer from a Trojan that is infecting their computers, prompting them to log into their bank accounts, and then is surreptitiously transferring money to scammers in other countries, security researchers said on Tuesday.

About 3,000 bank accounts were found to be compromised at one financial institution, which was not identified, according to a white paper released by M86 Security.

The multilevel scheme uses a combination of a new version of the Zeus keylogger and password stealer Trojan, which targets Windows-based computers and runs on … Read more

The unstoppable sales juggernaut that is the iPad has pushed Apple past Dell, Lenovo, and Toshiba into the No. 3 slot for laptop shipments, according to a Deutsche Bank analyst.

So, how did this happen? Investors will begin to categorize the iPad as a laptop, according to a Fortune magazine blog citing Deutsche Bank analyst Chris Whitmore. Based on this and the fact that Apple has sold more than 3 million iPads since sales began back in April, Apple jumps to No. 3. from No.7 in laptop sales, according to Whitmore. IDC had Apple ranked No. 7 in laptop … Read more

Online games phenom Zynga and Japanese Internet and telecom giant SoftBank have announced a joint venture to develop and distribute social games across Japan.

The new Tokyo-based service will be called Zynga Japan and is Zynga's first foray into that country.

The companies also said SoftBank had completed a $150 million investment in Zynga, which has been previously reported.

It's Zynga's second major move into Asia. In May, the start-up acquired China-based social gaming developer XPD Media.

San Francisco-based Zynga, of course, has been on a tear of late too, striking deals with Yahoo and Google, as … Read more

Citibank has fixed a flaw in its iPhone app that was inadvertently storing customer account data on the mobile devices, the company said on Monday.

"During a recent review, we discovered that our U.S. Citi Mobile iPhone banking app was accidentally saving information related to customer accounts in a hidden file on their iPhones," the company said in a statement. "This information may also have been saved on their computer if they had been synchronizing their iPhone with their computer via iTunes."

Citi has released an update to its iPhone app that corrects the problem … Read more

NEW YORK--When my friend told me he thought there was a chance he could help me get to see the largest deposit of gold on the planet, you might say I was a little excited.

It's not that I hadn't seen the visceral representation of massive wealth up close and personal, and even recently. After all, only last month, I got a behind-the-scenes tour of the U.S. Bureau of Engraving & Printing's production line of the brand-new, next-generation $100 bills, and found myself staring at $38.4 million in cash.

And not long after that, I … Read more

The massive earthquake in Haiti in January destroyed a third or more of the country's banks and ATMs, but even before the quake fewer than 1 in 10 Haitians had ever used a traditional bank.

Aiming to broaden access to financial institutions and aid in the recovery, the Gates Foundation and the U.S. Agency for International Development announced Tuesday a plan to back up to $10 million in funding to spur the use of cell phone banking, an approach that has worked elsewhere to bring financing to the poor.

"Out of the ruins of Haiti's tragic … Read more

People with Web-browsing phones are spending a lot more of their minutes accessing social networks these days, according to a new study from ComScore.

The study, released Wednesday, pegs social networking as the fastest growing activity among people with smartphones and other advanced phones that offer Web browsing, which are also known as feature phones.

Among the 69.6 million phone users who tapped mobile apps over the three-month period ending in April, 14.5 million of them accessed social networks--a 240 percent jump from the same period in 2009.

Among the nearly 73 million who used mobile browsers, 30 … Read more

A series of gaffes at Blippy, Google, and a Midwest bank exposed the credit card numbers of four individuals within Google search results for more than two months.

Friday was easily the worst day in the history of Blippy, a young start-up that enables people to create social networks around sharing information on goods and services they buy. VentureBeat discovered that credit card numbers of four Blippy users could be found in Google's search index, and it published its findings in a story, forcing the start-up's three founders to scramble to repair the damage and get the numbers … Read more

Even if your PC is equipped with up-to-date anti-malware software, hardware and software firewalls, and other security measures, it can still become infected. The weak link in computer security is the wetware: the human beings who use the machine. And there's simply no fool-proof defense against operator error.

That's why any PC security plan has to assume that eventually, some piece of malware will breach the defenses. And these days, infections can do considerable damage without being detected. Here are five ways — some more practical than others — to reduce the risk of someone stealing the sensitive data on … Read more