Spurious switching points in traded stock dynamics

Physicists have rebuffed the existence of power laws governing the dynamics of traded stock volatility, volume and intertrade times at times of stock price extrema. They did this by demonstrating that what appeared as "switching ...

Online scams cost $485 mn in US in 2011: survey

Online scams including identity theft schemes, "advance fee" and "romance fraud" cost Americans some $485 million in 2011, a report prepared for the FBI said Thursday.

Citigroup says 360,000 affected by hackers

Hackers stole account information of more than 360,000 of Citigroup Inc.'s U.S. credit card customers in a recent data breach, the bank said Wednesday, almost double the number initially thought.

Google turning smartphones into wallets: source

Google on Thursday will launch a mobile payment platform that lets people use smartphones to pay at shops as easily as they use a credit card, according to a source familiar with the matter.

Experts say: Don't blame the operators for bank glitch

The National Australian Bank's widespread delays in processing payments and transactions have been blamed on a corrupted file, but sensible design of enterprise systems should be able to overcome this sort of problem, says ...

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