Royal Bank of Scotland boss Ross McEwan admitted that it had failed to invest properly in systems for decades.
It has been 21 years since the first text message was sent from a computer to an Orbitel 901 mobile phone.
The Metropolitan Police's new cyber crime unit have put together a check-list for online shoppers looking to avoid online fraudsters.
As it announced the closure of a further 62 stores and 427 job losses today, Blockbuster's administrators called on the Chancellor to take urgent action on business rates in his Autumn Statement later.
The ailing DVD rental chain - one of Britain's largest entertainment franchises in the '90s - has been plunged into administration twice this year and has failed to find a buyer.
Admistrators Moorfields Corporate Recovery said: "With the Chancellor’sAutumn Statement due later today Moorfields are urging the Chancellor to take urgentaction on business rates as retailers continue to struggle.
"Whilst the difficulties faced by ... Blockbuster are not solely due to the burden of business rates the group was paying a sizeable £3.8m on a turnover of £40m.
"Even if, as speculated, the rates increase were capped at 2% Blockbuster would have faced an increase of £75,000 on an already considerable £3.8m."
Blockbuster's administrators have announced the closure of 62 UK Blockbusters stores, with a further 427 job losses, and said the troubled DVD rental chain looks likely to close for good - with a total loss of 1,235 jobs.
– Blockbuster's administrators Moorfields Corporate Recovery
We are today announcing the closure of a further 62 stores across the United Kingdom and a further 427 jobs as part of the effective phased closure as announced on 28 November.
Unfortunately we have still not received any acceptable offers so as a result we may be forced to close the remaining 91 stores affecting 808 employees.
Social media users who knowingly break court orders by posting prohibited information online, such as the identities of James Bulger's killers, can "easily" be prosecuted, a legal expert has warned.
Joshua Rozenberg explained: "If you can show that somebody knew that there was a court order in force, as this man last week, who was very nearly sent to prison - in the end he got a suspended sentence and a hefty financial penalty.
"But if you know that there is a order saying you can't publish a picture of Jon Venables, then it is obviously more easy for the Attorney General to prosecute you."
Careless tweets have landed a host of celebrities in trouble in the past with comedian Alan Davies, Sir Bob Geldof's daughter Peaches and Sally Bercow all finding themselves in legal difficulties due to their online posts.
Social media users have also found themselves in contempt of a court - nine people admitted naming the woman raped by footballer Ched Evans on Facebook and Twitter.
They were all told to pay the victim £624 each.
The Attorney General said he was publishing legal guidance notes previously only issued to the media to "help stop people from inadvertently breaking the law."
Dominic Grieve QC said: "Blogs and social media sites like Twitter and Facebook mean that individuals can now reach thousands of people with a single tweet or post. This is an exciting prospect, but it can pose certain challenges to the criminal justice system.
"In days gone by, it was only the mainstream media that had the opportunity to bring information relating to a court case to such a large group of people that it could put a court case at risk.
"That is no longer the case and is why I have decided to publish the advisories that I have previously only issued to the media.
"This is not about telling people what they can or cannot talk about on social media - quite the opposite in fact, it's designed to help facilitate commentary in a lawful way.
"I hope that by making this information available to the public at large, we can help stop people from inadvertently breaking the law, and make sure that cases are tried on the evidence, not what people have found online."
The Attorney General will publish legal guidance notes online to help prevent Facebook and Twitter users from breaking the law by inappropriately commenting on court cases.
The Government's chief legal adviser Dominic Grieve QC will in future issue previously unpublished advisory notes in a bid to stop social media users from committing a contempt of court.
He said the move was designed to make sure that fair trials take place and will apply to court cases in England, Wales and Northern Ireland.
The advisories, which have previously only been issued to the media, are being put into the public domain so people avoid legal pitfalls by commenting on court cases in a potentially prejudicial manner.
The advisories will be published on the Attorney General's Office (AGO) section of the gov.uk website and also through the AGO's Twitter feed - @AGO_UK.
More than 1,000 NatWest and RBS branches will open early on Wednesday after a glitch left customers unable to use credit and debit cards for three hours on Monday evening.
1000+ NatWest and RBS branches will open early tomorrow following yesterday's systems problems. A list of branches will follow shortly.
Astronomers have spotted what appear to be two super massive black holes at the heart of a remote galaxy, circling each other like dance partners.
"At first we thought this galaxy's unusual properties might mean it was forming new stars at a furious rate," said Peter Eisenhardt, at NASA, "but on closer inspection, it looks more like the death spiral of merging giant black holes."
Follow-up observations revealed unusual features in the galaxy, including a lumpy tail of matter, or jet, thought to be the result of one black hole causing the jet of the other to sway.
"We think the jet of one black hole is being wiggled by the other, like a dance with ribbons," said Chao-Wei Tsai, "If so, it is likely the two black holes are fairly close and gravitationally entwined."
The findings could teach astronomers more about how super massive black holes grow by merging with each other.
Almost every large galaxy is thought to harbour a super massive black hole filled with the equivalent in mass of up to billions of suns.
The problem for RBS - and frankly most of the other big banks - is that it has been under investing for years in the IT infrastructure. These are the back room computers that make all this work normally.
In fact, a lot of the systems date back to the 1980s or 1990s and one former RBS IT executive described to me a "culture of fear" within the teams there. They don't want to touch these systems because often when they do, they break.
RBS says it is tackling the IT problems, it's investing an extra £450m but with this latest collapse happening just as the Christmas spending really begins to gear up, they might be wishing they out that money in some time ago.