Wall Street & Technology: Blog

How to Hide Your Computer Tracks at Work

Fri, 12 Feb 2010 10:15:48 -0500

On this Friday, just before a holiday (3-day) weekend and after a monster snowstorm earlier this week, here is a little something to make your Friday a little more bearable. Most of you know that your boss can legally dictate what you can and can't do on the company computer. But this video from WSJ.com and Fox News shows that there are ways to get around that. Just don�t get caught. And, obviously, I don�t endorse or advocate any of these activities. I�ve never tried them either, since I�m on a MAC.

Big Chill Seen if Bear Stearns Managers Walk

Tue, 03 Nov 2009 10:48:38 -0500

Reuters Columnist Matthew Goldstein says too little attention is being paid to the criminal trial of of former Bear Stearns managers charged with lying to investors in the spring of 2007 about the health of once-giant hedge funds. Outcome of the trial could determine how other prosecutors pursue similar financial fraud cases.

Investment Bankers: CIA Wants You

Fri, 29 May 2009 07:14:50 -0500

The CIA is recruiting investment bankers and other Wall Street types. If they can pass a few hurdles and stomach the $130,000 salary, the financial whizzes will work on tracking economic threats to national security. Steve Henn reports in this audio segment from American Public Media�s Marketplace.

Watch Out for the Conficker Worm

Tue, 31 Mar 2009 10:04:36 -0500

CNET's Natali Del Conte shares tips with Maggie Rodriguez about the April 1 ''Conficker'' worm, which could steal financial information and other data from computers. However, while experts are concerned about the complexity of the worm, they don't know if this virus is the real deal, or an April Fool's hoax.

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Financial Workers Regularly Forget USB Sticks at Dry Cleaners

Mon, 26 Jan 2009 11:16:39 -0500

As data loss reaches an all time high, a new survey shows financial workers in the UK are regularly forgetting USB sticks at the dry cleaners.

According to a survey by Texas-based data security firm Credant Technologies, 9,000 USB sticks were forgotten in people�s pockets in the UK last year as they took their clothes to the local dry cleaners.

Financial workers in the City of London are particularly forgetful: one dry cleaner in the heart of the financial district said he is getting an average of 1 USB stick every two weeks, while another said he had found at least 80 in the last year.

Mumbai Financial Firms, Technology Providers Incensed After Attacks

Fri, 05 Dec 2008 07:52:25 -0500

Last week's terror attacks rocked the Mumbai business community. Niraj Sheth, a reporter from the Wall Street Journal, speaks with Tata Consultancy Services� CEO S. Ramadorai and Ashok Wadhwa, CEO and managing director of Ambit Corporate Finance Pvt. Ltd., about how they are taking action to ensure Mumbai is both safe and business-friendly.

The Overlooked Challenge of Data Security in an M&A

Mon, 17 Nov 2008 17:06:25 -0500

Mergers and acquisitions in the financial industry have come fast and furious over the last couple months, each one raising multiple challenges for the companies involved. A vital, but easily overlooked one, is data security. When companies are in the midst of an M&A, how do they protect their customers� confidential data?

To Avoid Data Breaches, Firms Need to Improve Detective Controls

Thu, 21 Aug 2008 11:38:37 -0500

To boost their chances of preventing costly data breaches , financial firms must improve their detective controls, according to an analyst at SMART Business Advisory and Consulting.

Firms seem to understand the importance of preventative controls, such as having firewalls and access control lists. "But they lack a good grasp of detective controls," says Tony Hernandez, managing director at SMART.

Investment Firm's Massive Data Breach Caused by File-Sharing

Thu, 10 Jul 2008 16:36:25 -0500

A huge data breach at an investment firm has thrown the spotlight on the dangers of allowing employees to use popular online file-sharing software such as LimeWire, after an incident saw an employee use the service to trade music or a movie, and unwittingly expose his organization's entire database to potential criminals.

Merrill, NYSE Execs Talk about IT Security

Tue, 17 Jun 2008 17:12:00 -0500

Internal threats, particularly where company employees from different departments collaborate over a long period of time to defraud the firm - are proving to be one of the biggest security headaches for financial firms, a conference at the New York Stock Exchange heard on Tuesday.

How Secure is India?

Wed, 14 May 2008 08:46:39 -0500

One of India's first surveys on security across the country's financial institutions has found that 30% of banks reported to have been victims of identity theft during the last year.

Sophisticated Web Attacks Force Banks to Re-Think

Wed, 23 Apr 2008 15:51:55 -0500

The sophistication of increasingly widespread fraudulent techniques such as Man-in-the-Browser attacks are forcing financial institutions to re-assess how they fight electronic fraud.

Could Lehman Bros have prevented latest fraud?

Mon, 31 Mar 2008 17:49:12 -0500

Lehman Bros has filed a lawsuit against Marubeni Corp., the Japanese trading giant, responsible for defrauding the New York-based investment bank out of US$352 million through a scam carried out by two rogue employees.

ISO Promotes Biometric Standard for Financial Firms

Tue, 12 Feb 2008 11:25:10 -0500

With the aim of boosting security in the financial services industry, ISO, the world's largest developer of international standards, has issued a new biometric standard for financial firms.

Cyber Crime Film Draws Attention

Wed, 06 Feb 2008 13:09:25 -0500

Several dozen financial industry and technology professionals recently gathered at the Tribeca Grand Hotel in New York, to attend a private advanced screening of "The New Face of Cybercrime," a documentary film by Academy Award-nominated filmmaker Fredric Golding.