Profile

Location

Paris

Member since

2008

Reads

Think Tank

Writes about

Security Payments Regulation & Compliance

Cedric's blog archive

2010 (4) 2009 (19)

Cedric Pariente

Stanford Certified Project Manager at EFFI Consultants

Message Posts: 23 Comments: 45

Bio I'm Cedric Pariente, a Stanford Certified Project Manager, working in IT & Market Finance. Career History Stanford Certified Project Manager, Financial Mathematics Engineer.

Blogs

Online Banking

Home Equity Loan and Home Equity Line Of Credit

12 Feb 2010

Definitions Your Home Equity is the difference between the market value of your house and all the mortgages you have on it. In proper English it means: The more you reimburse the loan on your house, the more your house belongs to you. And the more your house belongs to you, the more you can borrow in exchange of this “increase” of your personal as...

Online Banking

How to Crack WiFi Network - Video Tutorial

30 Jan 2010

This is a video on how to hack a wireless network. As mentioned on Lifehacker where I found this video, this is a purely educational post. Be aware that wireless networks are not secure. Lifehacker post http://lifehacker.com/5459822/crack-a-wi+fi-networks-wep-password-with-backtrack-the-fancy-video-version?skyline=true&s=i&autoplay=tr...

Online Banking

Credit Without a Purpose is Dangerous!

26 Jan 2010

Do you know the Real Definition of Credit ? Credit is a reserve of money granted to you, usually by a bank, that you will have to repay over a predefined period of time, but that you can use immediately. And you are paying an interest in exchange of this service. This money or what you buy with it is NOT YOURS until the loan is fully reimbursed. ...

Online Banking

Social Suicide 2.0

05 Jan 2010

As a TODO in your 2010 new resolutions, you might want to take control over your internet public image. But the process of "unfriending" a lot of people and/or deleting accounts seems to be a big hurdle? The solution has just arrived http://suicidemachine.org/ They do the job for you! The remove EVERYTHING related to you over the socia...

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Cedric is Commenting on

Need Finextra Community Assistance

Hi Roberto, I don't know much about ID Theft in France. I guess that, like in many countries, they prefer to be silent about it. I have absolutely no idea if it's a big thing or not in France. I presume that if you show up with a fake ID and a fake utility bill, then you might get the money. All I know is that we try to protect ourselves with lots of documents, thinking that it's harder to counterfeit, but the truth is that we've seen many reports on TV about people being stolen their identity and having a hard time proving they are who they pretend to be, and that they did not do what the fraudster did pretending to be them. Official documents may put the hurdle higher, but it decreases the flexibility of the clearing process once you're ID is stolen.

12 Apr 2010 Reply Read article

Need Finextra Community Assistance

Hi Roberto, In France, to be granted a loan by a bank, you need to open an account first. In order to do so, you need to provide them with: printed copy of your ID card proof that you still live where you claim to live (last Electricity bill usually) Then they can check your credit history and decide to grant you with a loan or not. Most of the time, they just check that your debt is not over 30% of your income. Hope it helps, Cedric

09 Apr 2010 Reply Read article

Chip and PIN - not perfect, but the best we have

I'm not sure they care. Put yourself in the shoes of a bank. Say you are losing $100 millions in fraud + fraud detection. But you are making $250 millions in selling insurance to your customers to fight against fraud. Would you really be motivated to act in the best interest of your customers? ps: I'm going to write a post about it. I'm interested in having the opinion of all the experts of the Finextra community on it. Thank you David for raising this issue.

16 Feb 2010 Reply Read article

Chip and PIN - not perfect, but the best we have

Don't get me wrong, I think EMV is a very good thing. But I also think that we need to know its strengths and weaknesses. I'm french, so I am born 100% full EMV compatible. Actually it's the only mean of payment I've known until I started to travel out of the country. I was asking you if you had any reliable figure because you certainly know as well as me that fraud figures are extremely hard to get. Banks are not very transparent on this point. I think the real US figures would surprise more than one person. But you need to look at them in percentage of total transactions otherwise anyone can already predict the conclusion. US is certainly the biggest market in the world, so figures and especially fraud figures need to be analyzed in percentage. France is also not a very good student as it is very hard to get reliable figures. From what I remember (I'm not in the security business anymore), UK was one of the most transparent. I'm convinced that the rise of CNP fraud is not due to a rise in terms of 'internet purchases'. As you highlighted, the 'online target' is an easy target. With the EMV, fraudsters are 'moving' from their usual fraud, to online fraud. I completely join you on the fact that the US business case is very complex.

15 Feb 2010 Reply Read article