Articles about banks

Bitcoins

We MUST be told: How many Bitcoins do I need to kill a melon-head?

Something for the Weekend, Sir? Banks. Bastards, all of ’em, yah boo sucks. Of course, not everything to do with banks is hateful. The big metal safe in a bank’s basement isn’t a bastard. Nor are those intrepid customer-facing men and women who are employed at the high street branches to fulfil the thrilling role of holding a clipboard and saying “hello” …
Alistair Dabbs, 13 Dec 2013
Windows XP

Microsoft fears XP could cause Indian BANKOCALYPSE

The Indian banking industry could be facing a partial meltdown after Microsoft revealed new research claiming over 34,000 publicly-funded bank branches are still reliant on Windows XP. The report from Ascentius Consulting revealed that XP penetration in the banking sector is at 40-70 per cent. Some 34,115 branches were singled …
Phil Muncaster, 13 Nov 2013
The Register breaking news

JPMorgan Chase is latest US bank in MYSTERY web savaging

JPMorgan Chase's website went kaput yesterday when the bank became the latest US financial institution to find itself on the business end of a distributed denial-of-service assault. Visitors to chase.com were shown a "website temporarily down" message on the front page, although the bank's mobile apps were said to be working …
The Register breaking news

McAfee warns of Project Blitzkrieg hack attack on US banks

Security firm McAfee warns that there is a credible threat of a coordinated Spring offensive against at least 30 US banks next year by Eastern European fraudsters. Talk of Project Blitzkrieg started after a message in September on a hacking board from a user identifying himself as vorVzakone, who was looking for recruits for a …
Iain Thomson, 15 Dec 2012
The Register breaking news

Sony to do what Apple can't: Remove its batteries - sources

Sony is considering selling off its battery business, Sony Energy Devices, and at least three investment banks have offered to help. Getting the biz on the market would help the stumbling entertainment giant to cut costs and give it some cash to put towards its restructuring, sources muttered in the general direction of …
The Register breaking news

Panasonic gets second chance with £4.7 BEEELION bailout

Panasonic has persuaded Japanese banks to throw it a lifeline after a record loss of ¥772.1bn (£6bn, $9.8bn) last fiscal year. The heavy loss dropped the electronics group's cash reserves to ¥554.7bn (£4.4bn, $7bn) which still sounds like a fair amount but not when compared to the ¥1.97trn (£15.9bn, $25bn) it could lay its …
The Register breaking news

Euro banks unhappy with proposed e-payment rules

The European Payment Council has taken issue with a number of the European Commission's proposals to try to make direct debits and credit transfers across the continent easier and cheaper. The council, which is a group of European banks and financial institutions helping to standardise e-payments, is unhappy with the changes …
The Register breaking news

Crowd-pleasing study in capitalism conspiracy controversy

In what many took to be fodder for the capitalism-is-a-conspiracy theorists, boffins have claimed that about 150 companies, mostly banks, are controlling the majority of the economic power. It's the sort of statement that many have made in the wake of the global financial crisis and during the ongoing anti-capitalist protests …
The Register breaking news

Would you trust a dot-bank site more than a dot-com?

Would an exclusive internet address for banks help prevent phishing and identity theft? That's the hope of a new project from a financial services trade group in the US, which plans to apply to domain name overseer ICANN early next year for a ".bank" top-level domain. BITS, the technology policy arm of the Financial Services …
Kevin Murphy, 10 Oct 2011
The Register breaking news

How to go from the IT dept to being a rogue trader

How to be a rogue trader As a City headhunter I’m repeatedly asked to explain how lone traders find themselves flushing billions of dollars down the toilet. Rogue traders can pop up just about anywhere, and so I’ll share this curriculum for you to follow, which is not specific to any bank: this is just the way it works. Being …
Dominic Connor, 20 Sep 2011
The Register breaking news

Australian banks start replacing RSA tokens

The ongoing fallout in Australia from the RSA security hack continues, with both Westpac and ANZ Bank announcing they will replace customers’ tokens. Another of Australia’s “big four”, the Commonwealth Bank, is yet to decide its course of action, while there’s been no word yet from the National Australia Bank. Westpac has not …
The Register breaking news

Coalition fails business on banks, says survey

British businesses have seen no changes in bank attitudes to lending to despite the Coalition's claims that it had brought the banks into line. In February, "Project Merlin" promised to increase lending to smaller firms by £10bn to £76bn as part of a wider deal with the banks, but a survey by Hotfrog found three-quarters of …
John Oates, 5 Apr 2011
The Register breaking news

ZeuS trojan attacks bank's 2-factor authentication

A variant of the ZeuS banking trojan is targeting mobile phone users who rely on their handsets to get enhanced, two-factor authentication from ING Bank Slaski in Poland, a security blogger said on Monday. The ZeuS man-in-the-mobile attacks appear to similar to those that hit Spain in September, researchers from antivirus …
Dan Goodin, 22 Feb 2011
The Register breaking news

Treasury asks for advice on eMoney

The UK Treasury is consulting on the whos and hows of electronic money, and opening the door for network operators who'd prefer to think of themselves as banks. The consultation asks how the Treasury should regulate companies who issue electronic representations of cash, and what guarantees such companies should be required to …
Bill Ray, 9 Nov 2010
The Register breaking news

Russian authorities detain suspected bank carding kingpin

Russian authorities have detained a Ukrainian citizen accused of overseeing a criminal operation that used fraudulent credit cards and passports to siphon large amounts of cash out of banks around the world. The detention of the unnamed suspect came as Department K of the Russian Interior Ministry stopped the actions of the …
Dan Goodin, 5 Oct 2010
The Register breaking news

NatWest dumps O2 Money

A year after leaping into bed with O2, NatWest is no longer backing the operator's pre-paid credit card offering, citing differences in strategic goals as the cause of the breakup. The split was first reported by NFC Times, and O2 told us that "following the hugely successful launch ... each companies' priorities and strategic …
Bill Ray, 30 Jul 2010
The Register breaking news

IT consultant gets 5 years for plundering $2m

A contractor who provided IT administration services to banks was sentenced to more than five years in prison this week after admitting he used his insider knowledge to plunder some $2m from four financial institutions. Zeldon Thomas Morris, 43, was ordered to serve 63 months in federal prison and pay restitution of a little …
Dan Goodin, 30 Apr 2010
The Register breaking news

How the Dunning-Kruger effect will stop techies buying houses

By Jove, I think we've finally got an explanation for the unremitting horrors of so much of modern life - the way in which anything touched by politics, bureaucracy or officialdom simply turns to shite. No, it's not simply the current shower of authoritarians who are in power, and it's not that they're all paid too much/too …
Tim Worstall, 18 Nov 2009

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