banking

U.S. Homeland Security Secretary Janet Napolitano said today that hackers are "actively" attacking some of the country's largest financial institutions.

According to a report in The Hill, America's top security official issued the warning at a Washington Post event today, but didn't specify the nature of the attacks.

"Right now, financial institutions are actively under attack," The Hill quoted Napolitano as saying. "We know that. I'm not giving you any classified information... I will say this has involved some of our nation's largest institutions. We've also had our … Read more

Residents and city workers in Burlington, Wash., have been told to check their accounts after $400,000 was stolen from a city bank account.

City officials believe that the security breach resulted from the infiltration of a government account used to pay workers in the town, which is about 65 miles north of Seattle.

Although the exact amount of money stolen is not fully tallied, more than $400,000 has been transferred over the past two days, according to Seattle-based KOMO News.

The city first learned of the attack after an East Coast bank queried a number of account transfers … Read more

Don't hold your breath for a deal between Sprint Nextel and Clearwire.

With Sprint getting taken over by Japanese wireless carrier SoftBank, many believed Sprint would take full ownership of Clearwire, which provides 4G services to carriers and consumers in select markets. In addition to being Clearwire's largest customer, Sprint is the largest shareholder too, although it doesn't have control of the board.

Leading up to the announcement of the Sprint-SoftBank deal, there were various reports that Clearwire was a sticking point in the merger talks, and that SoftBank wanted Clearwire scooped up. But yesterday's deal … Read more

Windows Firewall and other free firewalls do a pretty good job of keeping threats away from your computer, but many users prefer the extra security and support of a premium firewall. Emsisoft's Online Armor is a shareware firewall suite that offers strong protection against malicious programs, hacker attacks, and other privacy and security threats, but it's also designed to be as unobtrusive as possible while doing it. Its real-time protection means no lengthy scans; instead, Online Armor evaluates each program as it runs. The program has plenty of configuration options, especially in its Advanced Mode. For instance, you … Read more

Wells Fargo is the most recent mega-bank to be hit by a distributed denial-of-service attack. According to the Wall Street Journal, roughly 220 customers filed complaints of outages on its Web site today saying they had problems logging on.

"The amount of bandwidth that is flooding the websites is very large, much larger than in other attacks, and in a sense unprecedented," chief executive of private security firm CrowdStrike Dmitri Alperovitch told the Wall Street Journal.

Last week, similar attacks happened on J.P. Morgan Chase and Bank of America's Web sites. Users would try to log-on … Read more

The main site for Chase bank was temporarily inaccessible for some today, one day after Bank of America's online banking site had intermittent outages.

"*ALERT* Chase Online is working, though some customers may not get in on the first try. We appreciate your patience as we work through this," the Chase Twitter account tweeted this afternoon.

This morning the message was: "Chase.com is experiencing intermittent issues. We're working to restore full connectivity and apologize for any inconvenience." CNET was unable to access the consumer banking site, Chase.com, but able to get to … Read more

Trying to stick within your budget is no easy task when you're guessing at your balance. Mint.com's free personal finance service and companion mobile apps change that.

After giving Mint.com access to your bank, credit card, and investment accounts, the password-protected Mint.com app can monitor your accounts, your budget, and even your cash flow. The app presents your money matters in summary form, with the capability to drill down to the item level of a purchase. Follow the trail to the end to edit an item's transaction details or jot down notes or tags. … Read more

Mobile devices are making the world go round. A study by the World Bank and infoDev titled "Information and Communications for Development 2012" found that an estimated three-quarters of the world's people have access to a mobile device. The number of worldwide mobile subscriptions grew from less than 1 billion in 2000 to over 6 billion today, the study said. Close to 5 billion of the subscriptions are in developing countries, and mobile subscriptions in low- and middle-income countries increased by more than 1,500 percent between 2000 and 2010, from 4 to 72 per 100 inhabitants.… Read more