Financial Industry Tech.

What would your company do if it found that a hacker had accessed millions of customers' accounts? On-line retailer Zappos.Com has adopted a strategy that may be the most radical yet. It is certainly amongst the most costly - and has the potential to backfire.

Research by internet Top Level Domain (TLD) provider ARI Registry Services (ARI) shows that financial institutions and tech companies are by far the largest groups of applicants when new top level domains are released.

Diebold says that many criminals have moved on from stealing money and now focus on grabbing customers' data. So it is "re-engineering" ATMs to reduce the risk.

A riddle: if ACI Worldwide wants to buy S1 Corpration and S1 Corp wants to by Fundtech and Fundtech wants to be bought by S1 but ACI does not want to buy Fundtech, who will buy who?

US company SurePass says that it has developed a two-factor authentication system that avoids problems with the "RSA Breached Token Devices" so as to "deliver secure two-factor authentication via free mobile apps, text and electronic card"

mFoundry, says that the launch of its multi-mode mobile banking service for Missouri-based Central Bancompany's (CBC) 13 operating banks in one go was "a true challenge" that has gone off remarkably well.

IPC Systems, Inc. has announced the completion of its pan-Asia-Pacific Optical Network enhancement. IPC's network connects major financial centres via a high-speed, fully-restorable pan-Asian optical network.

Sapiens International Corporation N.V. a global provider of insurance software has acquired Harcase Software, a provider of software to the North American insurance industry.

The Australian Securities and Investment Commission is to outsource a new integrated monitoring system - just in time for taking over a new regulatory role in relation to ASX.

US District Judge Rebecca Pallmeyer has refused an application by Citizens Financial, part of Citizens Bank to toss out an action by an account holder that the bank is responsible for losses after a hacker stole USD26,500 from their account. And there's an interesting account monitoring and money laundering perspective, too.