Financial Services Industry

IT startups rake in $320 million in venture funding

IT investments rise slightly in 2010, Dow Jones says

IBM buys Clarity Systems for financial software

Big Blue also announced the closing of its OpenPages acquisition

Man pleads guilty to using hack, pump-and-dump botnet

James Bragg of Chandler, Arizona, faces five years in prison and a US$250,000 fine

Microsoft’s anti-Zeus tool cleans quarter-million PCs

Free program scrubs money-stealing bot from Windows computers

Bill would protect towns, schools from cybertheft losses

Schumer proposal would limit liability to $50, the same as for consumers

Credit Suisse saves power with virtualization

Banking giant Credit Suisse has sated its power-consumption hunger through the use of virtualization

Zeus Trojan bust reveals sophisticated ‘money mules’ operation in U.S.

Crooks used fake passports, false identities to set up bank accounts for moving stolen money

Regulators blame computer algorithm for stock market ‘flash crash’

Joint SEC-CFTC investigation expected to lead to the rollout of new rules designed to prevent similar crashes

IT Spending: CIOs Explains Their Budget Increases

Wall Street Not Bullish on Cloud

Financial firms are trying cloud computing, but execs remain wary that key data could be exposed.