
Sean Sposito
Sean Sposito is a freelance writer.

Sean Sposito is a freelance writer.
Banks can expect an explosion of new Trojan malware variants this year that could lead to fraud and theft against their online and mobile banking customers' accounts.
American Banker's Sean Sposito reports on his first day using Google Glass, the tech giant's head-mounted computer.
The latest reason for banks to provide security for their mobile banking users: mobile malware attacks have increased more than six-fold in the past year, according to a recent survey from Juniper Networks.
Green Dot's mobile consumer checking account, GoBank, is now open to the public.
Lending Club is backing Tritium Racing and its 73-foot offshore trimaran (now named after its sponsor) in the Transpacfic Yacht Race, which begins in July near Los Angeles and finishes in Honolulu. Its CEO, Renaud Laplanche, will be on the race crew.
Q2ebanking announced Tuesday that it is working with Andera of Providence, R.I. to resell the latter's account opening and lending software.
Barclays is telling customers that it might soon start selling their information, according to financial technology blog Finextra.
Texas Trust Credit Union in Mansfield has chosen Symitar's NetTeller Online Banking platform.
Wells Fargo announced Monday that it's allowing its ATM customers to receive text message receipts.
Simple (formerly BankSimple) has launched a feature to let customers link their traditional bank accounts to the tech startup's service.
Deloitte's yearlong exile from New York's financial services consulting scene is harming the reputation of its financial technology consulting business, according to two executives in charge of tech operations at banks.
Pindrop announced Wednesday that it's raised $11 million of Series A funding the round was led by Andreessen Horowitz and Citi Ventures.
An adaptation of the Zeus malware kit targets job seekers and dupes them into funneling cash from a victim's bank account into criminals' pockets.
Mountain America Credit Union is placing a mobile and internet banking specialist in each of its 76 branches.
The technology giant announced Friday that it's adding two-factor authentication to its Azure cloud computing platform.
SecureKey, a Canadian online authentication company, says MasterPass users will now be able to make more secure transactions with devices that come pre-installed with its bridge.net software and authentication service.
An international ring of cyber thieves are being charged in a roughly $15 million attempt to game the digital networks of more than a dozen banks, federal agencies and financial services companies, including Citibank, PayPal, JPMorgan Chase, USAA and even the Department of Defense.
During congressional testimony, an FBI official said since 2002 the number of computer intrusion cases the agency has investigated has risen by 84 percent.
Hackers' use of a social network evolution of the Zeus malware has made a comeback in the first half the year.
Receiving Wide Coverage ...Dodd-Frank's Swap Trading Transition: The Office of the Comptroller of the Currency has sent letters to some of America's biggest banks granting them a two-year transition period to comply with a Dodd-Frank requirement that could curtail swap trading, Reuters reports. The rule, the wire service says, "attempts to keep certain risky trading activity out of entities that receive government backstops, such as deposit insurance or access to the Federal Reserve's discount window." The Wall Street Journal quoted Kenneth E. Bentsen Jr., president of the Securities Industry and Financial Markets Association, saying: "The action from the OCC gives them clarity on what they need to do, and when they need to take action, to restructure this part of their businesses." New York Times, Wall Street Journal