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Matt White

Archive for: July, 2009

Matt White - Finextra - London | 29/07/2009 | 2823 views

Nyse network data exposed on unsecured server

Another day, another example of sloppy security. Wired reports that sensitive information about the New York Stock Exchange's network has been lying around on an unsecured server for about a year. On the server were "directories of files containing logs, server names, IP addresses, lists of hardware, lists of software versions running on the netw... Tags: Security, Trade executionGroup: Information Security

Matt White - Finextra - London | 24/07/2009 | 1853 views | 1 comment

The case of the amazing disappearing bank

Here at Finextra we often cover clever, tech-driven scams dreamt up by criminals looking to part people from their money. Sometimes though, the simpler a plan the better, as a gang of crooks in Uganda has demonstrated. The group set up a bank, Visa Finance, in the town of Malaba on the Kenyan border. They rented an office and began advertising on... Tags: Retail banking

Matt White - Finextra - London | 14/07/2009 | 2429 views

From exchange floor to prison yard

You've got to feel for the Madoffs and Stanfords of this world. Federal prison is no country club and you suspect that these well-to-do white collar crooks are in for a bit of a shock when they get thrown in with the riff-raff. But never fear, Larry Levine is here to help them adjust. Larry served 10 years for fraud and drug dealing and he's putti... Tags: Trade executionGroup: Whatever...

Matt White - Finextra - London | 07/07/2009 | 2684 views

More on the Goldman Sachs code theft case

Bit of a follow-up to the Goldman Sachs code stealing shenanigans story. Firstly, Reuters reports that Aleynikov posted bail yesterday. Secondly, the mysterious company that offered to triple his salary to lure him from Goldman is called Teza Technologies. It's a new firm based in Chicago co-founded by Misha Malyshev, a former trader at hedge fun... Tags: Dealing rooms

Matt White - Finextra - London | 01/07/2009 | 2406 views | 1 comment

Banking with the enemy

Interesting, if not entirely surprising, snippet from the strategic innovations in payments systems panel discussion here at EBAday. Lee Fulmer, currently with IBM, revealed that in his previous life at Hbos he refused to bank with his employer. He didn't like the products offered and so banked with the rival HSBC. Understandably the panellists w... Tags: Retail bankingGroup: EBAday