The European Central Bank announced that its Web site has been hacked and personal contact information including email addresses and some addresses and phone number has been stolen. The ECB only found out about the hack when it received an anonymous email seeking financial compensation for the stolen data.
Back in 2010, a piece of malware that investigators characterized as a digital weapon was discovered in Nasdaq. The malware was detected by both Nasdaq and the FBI before it detonated, but a new detailed investigative article by Bloomberg Businessweek sheds light on the multiagency investigation into the sophisticated hack and the motives behind it.
The Financial Stability Board, a global regulator, has published proposed changes to the way top currency benchmarks are calculated in response to allegations of benchmark manipulation. Widening the amount of time it takes to calculate the benchmark and adopting alternative forms of benchmark calculation are among the top suggestions the global regulator has proposed for public comment.
With customers increasingly choosing to buy contracts for cloud-based Bitcoin mining rather than buying and deploying mining hardware, Bitcoin mining technology vendor CoinTerra has begun to offer flexible funding options.
It came to light last week that Google helped Goldman Sachs avoid a "needless and massive" security problem last month. Those are the adjectives Goldman Sachs used in court papers to describe a situation that occurred in late June when a contractor working with Goldman Sachs accidentally sent an email to an address that ended @gmail.com instead of one that ended @gs.com.
Morgan Stanley is allowing its 16,000 financial advisers to begin writing their own tweets to clients, provided they have completed an online training course. The move is actually a big policy shift for the company which previously only allowed advisers who wanted to Tweet to clients or prospects to choose from a library of pre-scripted messages.
Spotting fraud among the massive amounts of transactions that flow through financial firms can sometimes seem like looking for a needle in a haystack. By combining predictive analytics and social network analysis, firms are beginning to use one needle uncovered in that haystack to lead them to other needles, sometimes uncovering rings or patterns of fraud.
The Goldman Sachs programmer accused of stealing source code, and whose story was profiled by Michael Lewis in Vanity Fair and in the bestseller "Flash Boys," has had more of the alleged...
A recent study that tracked abnormal options activity prior to announced mergers or acquisitions found insider trading present in as many as a quarter of deals. The study authors, New York University...
Rabobank will welcome hackers--as well as developers, programmers, entrepreneurs and students--to the first FinTech Hackathon to be held in the Dutch university town of Utrecht in July. The 48-hour...