Citibank confirmed on Wednesday that it had become the victim of a hacker attack that resulted in the theft of customer data. Account numbers, contact information and customer names for 1% of Citi’s 21.2 million North American customers were stolen. The attack was discovered in early May during routine maintenance, but Citi did not confess to it until it was put through the wringer by the Financial Times.

What if you could use your cell phone as your credit card? It’s convenient enough as everyone has a cell phone, and nowadays, no one leaves home without it. Well, Nokia, Cingular, Citibank and Mastercard have announced that they are going to do a trial of a credit card based cell phone system in New more »