In connection to the alleged fraudulent and anticompetitive conduct in relation to the Libor rigging scandal, a $100m (£77m) settlement with more than 40 US states has been reached by Barclays. Four years ago, the bank had been imposed with a fine of £290 m by regulators from U.K. Other agencies have also imposed fines on Barclays…
The intrusion occurred through Micros – Oracle portal for processing credit cards. Companies such as Adidas, Burger King & Hilton could be affected due to this breach. Hackers need not always hack into a company directly to access its customer’s credit card details. A roundabout route can often lead to direct access. Although this appears…
All it takes for you to be vulnerable is to install an app that does not even ask for any permission. Download Checkpoint’s app from the Google Store to check your device’s vulnerability to this exploit. If you are using an Android smartphone, it’s very likely that it’s powered by a Qualcomm. Checkpoint Security has…
As Wal-Mart races to build up its underperforming web business to compete with market leader Amazon.com Inc, the U.S. retail giant announced that it would buy online retailer Jet.com for about $3 billion, the largest-ever deal for an e-commerce startup. As the world’s largest retailer tries to also be a dominant player online, the Jet…
The commercial airline business of Airbus, the defense and aviation firm, is now at the centre of a criminal investigation by the UK’s Serious Fraud Office. The allegations against the aircraft manufacturing company include fraud, bribery and corruption in the commercial airline business that was confirmed by the Serious Fraud Office. Launched in July but revealed…
Orkut Büyükkökten of Orkut’s fame launches Hello: a social network in which you share your personality. Although Google eased out axed Orkut a couple of years go, the drive for creating a social networking is very much alive and kicking. In fact, it just made its presence felt: it just launched Hello, a social networking…
Just as boots on the ground are important, a strong agile online presence could be key to resolving future conflicts. With the emergence of online threats looming into prominence, the United States military has begun treating cyberspace as part and parcel of its combat operations. The Obama administration is now planning to elevate the involvement…
Sponsorships by companies that want to attract character-hunting players to their businesses is being explored in greater detail by the creator of mobile gaming phenomenon Pokemon Go. This was said by the chief executive of developer Niantic Labs recently. Deals that are similar to that which turned nearly 3,000 McDonald’s restaurants in Japan into stops…
The Philadelphia Mint was successfully persuaded that the U.S. needed a four-dollar coin by the then America’s minister plenipotentiary to Austria, John Adam Kasson in 1879. The argument that America needed a coin that would work as a form of international currency was most probably the reason for this even as the exact logic of the…
Google Chief Executive Officer Sundar Pichai is having better luck than his Facebook Inc. counterpart, Mark Zuckerberg when it comes to connecting India’s population to the internet. Pichai said in a recent earnings call that Google now has 2 million people using its Wi-Fi service each month after the company began offering free Wi-Fi at about…
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