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Stephen Wilson in Lockstep

Stephen Wilson - Lockstep Group - Sydney | 03/08/2012 | 2338 views | 2 comments

Now is not the time to go soft

Online computing represents probably the first new platform in thirty years. Not since the PC have we seen a whole new hardware-software-solution-product environment emerge. It's understandable that there's a mad land grab for app-driven market share. But you'd think that the rush to market would be moderated by a realisation that we ought to be... Tags: Security, Payments

Stephen Wilson - Lockstep Group - Sydney | 17/07/2012 | 1644 views | 1 comment

How much worse can CNP fraud get?

The Australian Payments Clearing Association (APCA) releases card fraud statistics every six months for the preceding 12m period. For the first time in many years, Australian card fraud has grown in all categories. The ratio of Card Not Present fraud to all fraud remained steady at just under three quarters. An up-turn in skimming and counterfeit... Tags: Security, Payments

Stephen Wilson - Lockstep Group - Sydney | 13/01/2012 | 3333 views

Credit card numbers are like nitroglycerine

It's terrific that merchants are increasingly pushing back on PCI-DSS. It really is high time we shifted the emphasis from ad hoc stop gap compromise measures, onto tackling the real problem: the replayability of account data. Credit card numbers are a bit like nitroglycerine: handle them with great care or they'll blow up! The slightest slip-u... Tags: Security, Payments

Stephen Wilson - Lockstep Group - Sydney | 13/12/2011 | 2012 views | 1 comment

Banks really know their customers

A few months ago, the Australian banking consortium BPAY announced the cancellation of its promising and well funded account portabilty MAMBO. What does this mean for the even more audacious plans for federated identity in banking? The US government's National Strategy for Trusted Identities in Cyberspace (NSTIC) envisions using university student...

Stephen Wilson - Lockstep Group - Sydney | 02/06/2011 | 2935 views | 6 comments

Taking full advantage of Chip

The Atlanta Federal Reserve's Cindy Merritt -- assistant director of the Retail Payments Risk Forum -- offers a refreshing, plain talking critique of the PCI-DSS regime. She goes to the heart of the matter; the rewards for organised crime are simply so vast that a process and audit based security regime like PCI-DSS doesn't stand a chance. PCI (lik...