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Articles tagged with: monetary

U.S. Shutting Down Data Centers To Save Taxpayer Woes

In order to save money, the US federal government decided to shut down more than 350 data centers by the end of 2012 and another 400 by end of 2015. This was decided to save billions of dollars from US taxpayers.

Currently, more than 2000 data centers with 40 percent storage capacity and 27 percent computing capacity are running across the country.

The decision is quite good in saving money but what about the employees working there? Thirty states will be affected by this decision…

Amazon Launches Textbook Rentals For Cash-Strapped Students

The popular online retailer, Amazon, today launched textbook rentals for the upcoming Fall semester that hopes to put a serious dent in current textbook prices. As many of you know, textbooks are almost always sold by the college itself, but at much higher prices than you can find elsewhere.

Sometimes you only save $10 or $20, but other times you can save over $100 per textbook, which is a significant savings for any cash-strapped college student.

Regulators Request Banks To Improve Network Security

US financial regulators have asked that all banks do their best to boost network security after companies have gone through a flurry of cyber attacks. The Federal Financial Institutions Council recommended that banks perform regular risk assessments as well as keeping customers informed about any online banking security issues.

The Council urged that all banks demand more than one form of customer authentication since hacking often occurs via keyloggers, where passwords are stolen on personal computers.

New Dutch Coin Can Be Scanned

The Royal Dutch Mint has just produced a limited edition of QR coded coins to celebrate the 100th (centennial) anniversary of the Mint in Utrecht. The silver coin is worth 5 euros and the gold coin is worth 10 euros. Both coins will be issued this month, on June 22nd.

What makes these coins unique is that you can scan the code that is found on the back of each coin. Supposedly the code will provide information on where the coin was manufactured, and the scan currently points to this site.

Your Money Is No Longer Safe At The Bank

According to newser, hackers managed to steal over $300,000 from a client’s Ocean Bank account, but according to a Maine judge’s ruling, the bank is not responsible. The judge understood that the bank didn’t follow the best security practices, but rules that the customer should have done more to protect the account. What?! Did a judge just blame the customer for choosing to trust a bank with his money?

The hackers got access to Patco Construction (the victims) Company’s banking credentials by sending a malicious e-mail to employees and then installing a password-stealing Trojan.