Cybercrime against businesses 'explodes'

More than one in three companies say that in 2011 they have been victims of fraud, a report said on Tuesday, with reports of cybercrime targeting businesses around the world skyrocketing.

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.

Cloud to tackle money laundering problem

(PhysOrg.com) -- Money laundering is estimated at $1.3 trillion worldwide - a huge problem. Now European researchers are using cloud computing services to boost anti-money laundering efforts by tracking suspicious transactions.