Cyberwar-Take Two

Not only did Georgians have to deal with Russian soldiers invading their homeland, they also appear to be the second nation-state victims of a Russian cyberassault. Reports say several state-run Web sites were disrupted with a wave of DDOS attacks and customers of The National Bank of Georgia were greeted with images of 20th century dictators-including Georgian president Mikheil Saakashvili-on the bank's homepage. The first alleged target of a Russian cyberwar was Estonia, last year; the Russian government isn't owning up to either of the assaults.

Cashplus Is Going Mobile

Looking to get on the mobile banking bandwagon, Fundtech Ltd., a vendor of global transaction banking solutions, and mobile commerce enabler Firethorn Holdings, announced they are adding mobile connectivity to Fundtech's CASHplus cash management system. In addition to funds transfer and bill payments capabilities, the product will provide added levels of security.

Dell Denied Trademark

Hundreds of up-and-coming "in the cloud" vendors collectively exhaled when the U.S. Patent and Trademark Office denied Dell's effort to trademark "cloud computing." The bureaucrats said the term was not specific enough and too generic-funny, most of the vendors out there can't define it well either. (c) 2008 Bank Technology News and SourceMedia, Inc. All Rights Reserved.http://www.americanbanker.com/btn.html/ http://www.sourcemedia.com/

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.