banks

Have you ever seen billions of dollars in gold bars? A video -- made in the name of science -- gives a glimpse into the massive gold reserves at the Bank of England.

University of Nottingham professor Martyn Poliakoff loves the elements. The eccentric science wizard works with others on a popular Web site and YouTube channel known as The Periodic Table of Videos; one latest video focuses on one of the most valuable elements in existence -- gold. … Read more

A new version of the Zeus botnet was used to steal about $47 million from European banking customers in the past year, security researchers report.

Dubbed "Eurograbber" by security vendors Versafe and Check Point Software Technologies in a report (PDF) released today, the malware is designed to defeat the two-factor authentication process banks use for transactions by intercepting bank messages sent to victims' phones.

A variant of the Zeus malware used to steal more than $100 million, Eurograbber typically launched its attack when a victim clicked on a malicious link most likely included in a phishing attempt. After … Read more

Windows 8 got pummeled today by analysts, who cited it as a major factor in tepid PC growth.

The launch of a new Microsoft operating system rarely, if ever, goes smoothly. But Windows 8 is having an especially bumpy takeoff.

The first reason Deutsche Bank listed today for cutting its PC estimates this quarter was a "lackluster initial uptake of Windows 8," in a research note from analyst Chris Whitmore.

After citing the impact of amorphous factors like "macro weakness" and the "fiscal cliff," Whitmore continues.

Bank of America is the latest company to take on Square in the mobile-payments market.

The banking giant today announced a new service for merchants, called Mobile Pay on Demand. The offering includes a card reader that attaches to a smartphone, and allows merchants to handle transactions from the device. According to Bank of America, its service works with Visa, MasterCard, Discover, and American Express. The service will charge merchants 2.7 percent per swipe.

Square popularized mobile payments with its own card-reader-and-software combination. Square charges 2.75 percent on all transactions.

Bank of America has entered an already-competitive market … Read more

Congrats to Tami M. of North Mankato, Minn., for winning a Zooka speaker bar in last week's Crave giveaway.

Ever found yourself with several gadgets that need recharging when you aren't in a position to juice them all up? This week's giveaway's got the power to help.

The MyCharge Portable Power Bank 6000 is a high-capacity 6000mAh rechargeable battery pack that can simultaneously fuel products including smartphones, iPads, e-readers, and Bluetooth headsets. It comes with Micro- and Mini-USB plugs, plus an Apple dock connector and a full-size USB port, meaning it can power a whole lot of different devices. Handy when the gang's on a camping trip and all the working tree outlets are taken. … Read more

Next time you get a new card from your bank, don't be surprised if it has a keypad and an LCD on it.

Meet MasterCard's new "Display Card," which basically combines the usual credit/debit or ATM card with an authentication token. The authentication portion features a touch-sensitive keypad and LCD display -- hence the name "Display Card" -- for reflecting a one-time password (OTP).

Yet, according to MasterCard, the Display Card looks and functions almost exactly like a regular credit, debit, or ATM card. … Read more

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