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09 June 2011
Citigroup card customers’ data hacked
Computer hackers have breached Citigroup's computer network and have accessed data on hundreds of thousands of its card customers, the Financial Times said. Citigroup said the breach, which affected about 1 per cent of its card customers, was discovered in early May through routine monitoring, the newspaper said.
According to the bank's annual report, Citi Cards has about 21 million customers in North America. The breach occurred at Citi Account Online, which holds basic customer information such as names, account numbers and e-mail addresses.
Other information such as birth dates, social security numbers and card security codes are held elsewhere and were not compromised, Citi said.
"The bank said it had contacted law enforcement officials and tightened its fraud detection procedures, but declined to provide further details or to say whether customers had reported suspicious transactions," the FT reported.
Though Citigroup said the breach involved only credit card accounts, the FT said that several people have told it their debit card details were compromised.
Hacking into companies is increasingly becoming common. Lockheed Martin, PBS and Sony have all recently had their security systems violated.
According to the bank's annual report, Citi Cards has about 21 million customers in North America. The breach occurred at Citi Account Online, which holds basic customer information such as names, account numbers and e-mail addresses.
Other information such as birth dates, social security numbers and card security codes are held elsewhere and were not compromised, Citi said.
"The bank said it had contacted law enforcement officials and tightened its fraud detection procedures, but declined to provide further details or to say whether customers had reported suspicious transactions," the FT reported.
Though Citigroup said the breach involved only credit card accounts, the FT said that several people have told it their debit card details were compromised.
Hacking into companies is increasingly becoming common. Lockheed Martin, PBS and Sony have all recently had their security systems violated.
Silver rises to Rs 55,100 and Gold remains weak
A divergent trend developed in the bullion market Thursday as silver recovered by Rs 400 to Rs 55,100 per kg on fresh buying by stockists amid a firming global trend, while gold fell further by Rs 25 to Rs 22,655 per 10 gram on sluggish demand at existing high levels.
Silver coins followed suit and shot up by Rs 1,000 to Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces.
Buying activity in silver gathered momentum as the metal prices rose in global markets amid fresh buying by stockists and jewellers for the marriage season, traders said.
On the other hand, sluggish local demand and weak trend in overseas market led to the decline in the yellow metal''s prices, they added.
Gold in global markets, which normally sets a price trend on the domestic front, declined by USD 1.50 to USD 1536.10 an ounce, while silver gained 0.35 per cent to USD 36.93 an ounce.
On the domestic front, silver ready recovered by Rs 400 to Rs 55,100 per kg and weekly-based delivery by Rs 320 to Rs 54,970 per kg.
On the other hand, the gold of 99.9 and 99.5 per cent purity remained weak for the second straight day and shed another Rs 25 each to Rs 22,655 and Rs 22,535 per 10 grams, respectively.
The yellow metal had lost Rs 130 in yesterday''s trade.
Silver coins followed suit and shot up by Rs 1,000 to Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces.
Buying activity in silver gathered momentum as the metal prices rose in global markets amid fresh buying by stockists and jewellers for the marriage season, traders said.
On the other hand, sluggish local demand and weak trend in overseas market led to the decline in the yellow metal''s prices, they added.
Gold in global markets, which normally sets a price trend on the domestic front, declined by USD 1.50 to USD 1536.10 an ounce, while silver gained 0.35 per cent to USD 36.93 an ounce.
On the domestic front, silver ready recovered by Rs 400 to Rs 55,100 per kg and weekly-based delivery by Rs 320 to Rs 54,970 per kg.
On the other hand, the gold of 99.9 and 99.5 per cent purity remained weak for the second straight day and shed another Rs 25 each to Rs 22,655 and Rs 22,535 per 10 grams, respectively.
The yellow metal had lost Rs 130 in yesterday''s trade.
MF Hussain passes away
Celebrated Indian artist Maqbool Fida Husain, who earned fame and controversy over his paintings, died in a London hospital at on Thursday. He was 96.
Husain was in self-imposed exile since 2006 after Hindu groups threatened him for his paintings of Hindu deities. Husain was a special invitee along with Pablo Picasso at the Sao Paulo Biennial in 1971. Forbes magazine later gave him the title of "Picasso of India".
In 1996 he courted controversy after his paintings of Hindu deities in the nude, originally painted in the 1970s, were interpreted as anti-Hindu. After eight legal cases and death threats in India, he was on a self imposed exile from 2006. In January, 2010, he was offered the citizenship of Qatar, which he accepted.
The painter courted controversy in his lifetime for hurting religious sentiments by painting "Mother India" as a naked woman. Husain’s paintings have often depicted revered Hindu gods and goddesses in the nude, sparking criticism from nationalist parties and activists. A decade ago, radicals even attacked his Mumbai home.
Husain's work drew protests and several court cases were filed against the painter who lived in self-imposed exile in Dubai and London.
In the past Husain, a Muslim, has received support from moderate, progressive Hindus, and on one occasion a former prime minister intervened to ensure no action was taken against him.
Husain's work shows the balance between the artist's cubist modern style of painting and Indian traditional sensibility and subject matter.
His work usually incorporated many of the artist's most recognisable themes and symbols, traditional forms of ancient Indian miniatures, sculptures, dance and folk art in one frame.
In 1996 he courted controversy after his paintings of Hindu deities in the nude, originally painted in the 1970s, were interpreted as anti-Hindu. After eight legal cases and death threats in India, he was on a self imposed exile from 2006. In January, 2010, he was offered the citizenship of Qatar, which he accepted.
The painter courted controversy in his lifetime for hurting religious sentiments by painting "Mother India" as a naked woman. Husain’s paintings have often depicted revered Hindu gods and goddesses in the nude, sparking criticism from nationalist parties and activists. A decade ago, radicals even attacked his Mumbai home.
Husain's work drew protests and several court cases were filed against the painter who lived in self-imposed exile in Dubai and London.
In the past Husain, a Muslim, has received support from moderate, progressive Hindus, and on one occasion a former prime minister intervened to ensure no action was taken against him.
Husain's work shows the balance between the artist's cubist modern style of painting and Indian traditional sensibility and subject matter.
His work usually incorporated many of the artist's most recognisable themes and symbols, traditional forms of ancient Indian miniatures, sculptures, dance and folk art in one frame.
Artist and legend MF Husain dies in London
Mr Husain moved from India in 2006 after a series of legal cases and death threats over paintings that showed nude Hindu goddesses. Since then, right-wing groups have vandalized exhibitions that include his work.
In 2010, he accepted citizenship of Qatar. (Watch: Husain's last interview on giving up Indian citizenship on March 3, 2010)
Mr Husain was among the earliest Indian painters to command huge prices at international auctions. He has received several major national awards like including the Padma Vibhushan.
He also directed a few films. One featured Bollywood actor Madhuri Dixit, who he often described as his muse.
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