citigroup - News, Features, and Slideshows

News

• Citigroup cutting IT jobs, shifting some work offshore

  Citigroup is cutting 11,000 jobs, many in IT, as part of a restructuring announced Wednesday.

• DHS official suggests sharing IT resources to survive hacks

  Groups of companies in the same industry could mitigate the effects of cyberattacks by pooling infrastructure resources and working together on security issues, a senior official in the U.S. Department of Homeland Security has suggested.

• iPad 3 'coming in February 2012' - claim

  Despite the widespread belief among Apple-watchers that the next-generation iPad would launch in March 2012, a Citigroup analyst believes it could be earlier that that.

• Amazon smartphone coming in late 2012, analyst says

  Amazon is working on a smartphone to be released in the fourth quarter of 2012, according to a Citigroup analyst quoted by <a href="http://allthingsd.com/20111117/amazon-kindlephone-for-2012/">All Things D</a> .

• Citigroup: Desktop standardization cuts energy costs by $6 million per year

  New York-based financial services firm Citigroup began a strategic data center transformation in 2005, with the goal of reducing its data centers from 68 to 24 by the end of 2010. Citi not only met that goal, but exceeded it by cutting down to 22 data centers.

• Extending the life of your data center

  This year marks the 10th anniversary of the 1,200-square-foot data center at the Franklin W. Olin College of Engineering -- that means the facility has been operating three years longer than CIO and vice president of operations Joanne Kossuth had originally planned. Now, even though the school needs a facility with more capacity and better connectivity, Kossuth has been forced to back-burner the issue because of the iffy economic times.

• Cellphone subscriptions outnumber people in U.S.

  The CTIA has released survey data that shows the number of wireless subscriber connections now outnumbers the U.S. population, adding up to a wireless penetration rate of 103.9%.

• 111 arrested in massive ID theft bust

  Prosecutors call it the biggest identity theft bust in US history. On Friday, 111 bank tellers, retail workers, waiters and alleged criminals were charged with running a credit-card-stealing organization that stole more than $US13 million in less than a year-and-a-half.

• Citigroup questions if US spectrum shortage exists

  For more than two years, the U.S. mobile industry has warned of an upcoming spectrum shortage, but two analysts at Citigroup don't buy it.

• Citigroup A/NZ appoints new head of operations and tech

  Global financial company Citigroup has appointed Deepak Jain as its new head of operations and technology for the business’ Australia and New Zealand arm.

• Senate report: Phone bill cramming costs billions

  Third-party charges on U.S. consumer and business telephone bills, most of them unauthorized by the customer, amount to US $2 billion a year, according to a new report from a U.S. Senate committee.

• They're back! Data breach notification bills resurface

  After several large breaches -- including the <a href="http://blogs.csoonline.com/1457/epsilon_hack_notification_letters">Epsilon</a>, <a href="http://www.csoonline.com/article/680689/sony-playstation-network-personal-user-data-stolen">Sony</a>, and <a href="http://www.csoonline.com/article/684463/citigroup-reveals-breach-affected-over-360-000-cards">Citigroup</a> incidents that left customer financial data exposed -- federal lawmakers are dusting the covers off of an old idea: national data breach notification laws.

• Citi hackers made $2.7 million

  Citigroup suffered about US$2.7 million in losses after hackers found a way to steal credit card numbers from its website and post fraudulent charges.

• Senator: New cybersecurity regulations needed for banks

  Current regulations aren't enough to warn customers and protect them against data breaches at financial institutions, one U.S. senator said during a hearing Tuesday.

• Citigroup reveals breach affected over 360,000 cards

  Over 360,083 credit card accounts in North America of Citigroup were affected as a result of a compromise of its card account management website in May, the bank said in an update on Wednesday.