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  • Citigroup breach exposed data on 210,000 customers

    Citigroup admitted on Wednesday that an attack on its website allowed hackers to view customers' names, account numbers and contact information such as e-mail addresses for about 210,000 of its cardholders.

    Written by Jeremy Kirk09 June 11 22:24
  • Offshore IT and BPO services subsidiaries still popular

    Setting up offshore IT services and business services subsidiaries has once again become a preferred route for multinational companies wanting to tap talent in low-cost locations, analysts said. The subsidiaries are known in the outsourcing industry as "captive centers" because they meet the in-house services requirements of companies.

    Written by John Ribeiro20 April 11 22:41
  • Offshoring: The captive center rises again

    You can be forgiven for thinking that the days of the offshore captive center were numbered. Citigroup, Unilever, Deutsche Bank, and Dell are just a few of the Fortune 500 companies who have sold or shut down their one of their wholly owned offshore service centers in the last year. Some 60 per cent of all such captive centers fail to meet expectations. And the third-party offshore outsourcing industry, particularly in India, has reached a level of provider maturity that one wonders why a company would take on the hassle of setting up their own shop abroad. (Indeed, many industry watchers have.)

    Written by Stephanie Overby13 Jan. 11 01:53
  • EMC stock rises on Oracle buyout rumor

    Speculation that <a href="http://www.networkworld.com/news/2010/100510-oracle-to-buy-sso-vendor.html?source=nww_rss">Oracle might buy EMC</a> pushed EMC's <a href="http://www.networkworld.com/news/2010/101310-emc-tackles-big-data-with.html">stock price</a> up about 5% on Thursday, even as several analysts called such an acquisition unlikely.

    Written by Jon Brodkin16 Oct. 10 04:16
  • Citi confirms critical bug in iPhone mobile banking app

    Citigroup has urged customers conducting mobile banking from their iPhones to immediately upgrade because a security flaw in the older app secreted account information on the smartphone.

    Written by Gregg Keizer27 July 10 04:59
  • How Citigroup Tackled a Global Network Overhaul in One Year

    As the financial crisis unfolded in 2007, executives at Citigroup, an $80.2 billion company, announced a far-reaching restructuring that included cutting some 17,000 jobs, aiming to trim $2.6 billion in expenses in a year.

    Written by Stephanie Overby22 July 10 06:40
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