Data Processing and Web Hosting

Savvis shares jump after revenue tops estimates; full-year forecast gives confidence boost. Savvis Inc. shares jumped Tuesday after the company's second-quarter sales topped forecasts.

An Internet hosting service said Tuesday that it shut down a blogging platform because bomb-making instructions and an al-Qaeda "hit list" had been posted on the site.

Summary Box: Dell, HP, Fujitsu to offer Windows Azure cloud computing services. THE PARTNERSHIP: Microsoft Corp. is teaming up with computer makers Dell Inc., Hewlett-Packard Co. and Japan's Fujitsu.

A growing number of federal agencies are running some form of cloud computing, but nearly all lack policies around securing data hosted offsite, according to a new report from the U.S. Government Accountability Office (GAO).. A growing number of federal agencies are running some form of cloud computing, but nearly all lack policies around securing data hosted offsite, according to a new report from the U.S. Government Accountability Office (GAO). A lack of government-wide guidance appears to be the major holdup. "Although individual agencies have identified security measures needed when using cloud computing, they have not always developed corresponding guidance," the report, released Thursday, said. "Until federal guidance and processes that specifically address information security for cloud computing are developed, agencies may be hesitant to implement cloud computing, and those programs that have been implemented may not have effective information security controls in place."The re

Savvis posts 1st-quarter loss, but shares surge as results surpass expectations. Computer hosting and network services provider Savvis Inc. on Monday posted a loss for the first quarter, yet saw its shares jump.

A survey released Monday by the Ponemon Institute found that a majority of organizations do not evaluate the security posture of cloud computing vendors or train internal employees on cloud security.. The vast majority of organizations fail to proactively safeguard sensitive business information that is being stored in the cloud, concluded a report released Monday by the Ponemon Institute. According to a survey of 637 U.S. IT security practitioners, sponsored by Symantec, fewer than one in ten respondents said their organization evaluates cloud computing vendors or trains internal employees on cloud security. Just 20 percent of respondents said their information security team is regularly involved in the decision-making process for cloud computing usage. One in four respondents said they were never involved.Further, 53 percent of respondents said their organization has not yet implemented procedures for approving cloud applications that use sensitive data. ?A lot of organizations lack

Savvis names interim CEO James E. Ousley to permanent post. Computer network services provider Savvis Inc. said Monday it has named James E. Ousley as CEO.

Fiserv board authorizes repurchase of up to 5 million shares. Electronic payment service provider Fiserv Inc. said Monday its board authorized the repurchase of up to 5 million additional shares of common stock.

Jack Henry & Associates' fiscal 2nd-quarter profit rises, helped by acquisitions in services. Jack Henry & Associates Inc., a data processing equipment and services provider for financial firms, said late Tuesday its fiscal second-quarter earnings rose 7 percent, helped by revenue from recently acquired companies.

NEW YORK (Reuters) - IBM launched a new cloud computing service on Monday, aiming to take on companies such as Amazon.com Inc, Google Inc, Microsoft Corp and Salesforce.com Inc.

Savvis posts growing 3rd-quarter loss as networking services unit shows declines. Savvis Inc. reported a growing loss for the third quarter Wednesday as revenue from its network services businesses declined.

Financial technology company Fiserv adding 419 jobs in western NC; jobs to begin next year. Financial technology company Fiserv Inc. plans to open a new location in North Carolina and add more than 400 jobs.

Yahoo! on Monday closed GeoCities, a free Web hosting service that it purchased for over three billion dollars at the height of the dot-com boom.

Stocks edged up to new session highs with a couple of hours left in Wednesday's trade.

Savvis shares surge after Morgan Stanley issues upgrade, sees revenue rebound. Shares of Savvis Inc. headed higher Tuesday after a Morgan Stanley analyst upgraded the computer network services provider saying it is ripe for a turnaround.

Web hosting firm Network Solutions on Friday announced that, despite its being PCI compliant, a breach had compromised approximately 573,928 individuals' credit card information.. Web hosting firm Network Solutions on Friday announced that, despite its being PCI compliant, a breach had compromised approximately 573,928 individuals' credit card information.Network Solutions discovered unauthorized code on its servers used to support thousands of e-commence merchants' websites, Susan Wade, director of communications at Network Solutions told SCMagazineUS.com on Monday. The company determined that the unauthorized code may have been used by cybercriminals to capture transaction data, including customer names, addresses, and credit card numbers, and transfer it to servers outside of the company, she said.

Attacks on major web services providers caused disruptions in service to internet users.. A DNS service provider and a domain registrar apparently fell victim to major distributed denial-of-service (DDoS) attacks this week.

The Electronic Privacy Information Center, a privacy advocacy group, filed a complaint with the Federal Trade Commission on Tuesday urging an investigation of Google's cloud computing services to determine the adequacy of its privacy and security safeguards.. Updated Wednesday, March 18, 2009 at 5:26 p.m. EST

A US electronic privacy group has called for the Federal Trade Commission (FTC) to investigate the security and privacy of Google's Web-based products such as email and photo services.