Â£141m benefits computer shelved
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A Â£141m computer system used to process benefits payments is scrapped, the BBC learns.
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(InfoWorld) - The U.K.'s financial services regulator has levied a heavy fine against the nation's largest building society over a stolen laptop containing confidential customer information. The Financial Services Authority (FSA) fined Nationwide Building Society Â£980,000 ($1.9 million) for "failing to have effective systems and controls to manage its information security risks," the regulator said in a statement. Nationwide, which has about 11 million customers, did not realize the laptop contained customer information and waited three weeks before starting an investigation, the FSA said. The laptop was stolen from an employee's home during a burglary in August 2006, Nationwide said in a statement. The building society believes the thief was after the laptop itself rather than the information on its hard drive. The data was for marketing purposes and did not contain any PIN numbers, passwords, or account balance information, Nationwide said. Nationwide informed its customers of the problem and no losses were reported, it said. It also commissioned a review of its information security, the FSA said. (A building society is a type of cooperative financial institution, similar to a credit union in the U.S.)
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IBM, which revolutionised the global computer industry when it launched its first desktop in 1981, has sold its PC business to a Chinese group in a $1.75bn (Â£900m) deal, it was confirmed today.
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The award for fees and costs comes in a case in which Microsoft agreed to allocate $1.1 billion for California consumers. By Associated Press.
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IBM has sold its computer making business to Lenovo Group, the Chinese technology company, in a $1.75 billion (Â£900 million) deal, signalling an exit from the PC market it helped create in the 1980s.
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If a shopkeeper tried to charge $1,000 for a broken computer, you'd probably be outraged. You might even complain to the government.
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Civil Servants have been reduced to writing out benefit claims by hand after what experts are calling the biggest crash in computer history.
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Details on 11 million customers went awol The Financial Services Authority (FSA) has fined The Nationwide Building Society Â£980,000 for the loss of a laptop which contained "confidential customer data" on 11 million customers.â¦
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9.15am: The BBC has closed a Â£2bn deal with Siemens Business Services for the contracting out of its technology wing. The ten-year Technology Framework Contract, approved by the government, will see the corporation save an estimated Â£30m a year.
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A U.K. survey finds that little money is left over for new IT investment and that Linux is not leaving its mark on the desktop.
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The NHS has struck a money-saving deal with computer giant Microsoft amid reports of spiralling costs to its national information technology programme, it was announced today.
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How your computer could be costing you thousands of dollars.
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By ANDREW DENHOLM EDUCATION CORRESPONDENT  THOUSANDS of primary school children are still without any "meaningful" computer access a month after the introduction of a new system worth GBP15.5m, teachers claimed yesterday.
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Technology set to be introduced nationwide after pilot saves Â£110,000.
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Science & environment: Technology group criticised after forcing a website which reported on the firm's activities to close down
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A software upgrade caused some 40,000 computers to crash at the UK government&#39;s Department for Work and Pensions last week. The crash of the Windows-based systems took most of the department&#39;s computers offline for five working days.
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A routine software upgrade of Microsoft-based desktop computers led to the crash of around 40,000 machines at the UK government's Department for Work and Pensions last week.