172 Results from 2008, /security
Retired Member
When I read this, my immediate thoughts (actually let's skip the first), were that if a scammer has called a victim and convinced them to go to an ATM and transfer money to the scammer's account, it is unlikely that the victim is going to turn off their phone. The warning may not be effective if the victim already believes they are transferring mo...
07 November 2008 /security Whatever...
Gary Wright Analyst at BISS Research
There have been countless risk conferences and countless hours spent by risk managers over the years on the importance of understanding and mitigating risks in the markets. The sad fact is that recent events prove we know very little about risks in today's financial services and the system solutions that we all thought were providing some means of...
07 November 2008 /security /regulation Data Management 101
XML is not new but you would be forgiven for thinking it is, in the financial services industry. Now that ISO20022 is grabbing some attention there is an inevitable growing interest in XML. A few years ago the FSA in the UK started a project to move towards XBRL, one of the many derivatives that have been sporned from the origins of XML. The proje...
07 November 2008 /security /wholesale MiFID
Security and authentication were only ever a spend if it involved cutting costs, either in the process itself, at the call centre, and as an after thought if fraud impacts on balances or the bank's balance sheet. Now that costs are more of an issue that still applies, but the trust issue is becoming a bottom line driver. Some of the bigger banks ha...
06 November 2008 /security Innovation in Financial Services
Paul Penrose Head of Research at Finextra
The UK's Financial Services Compensation Scheme is doing its bit to keep the phishing industry in business by sending e-mails to customers of defunct Internet bank Icesave advising them to log-on to their accounts and claim compensation. The first batch of e-mails went out Monday, and customers are already complaining that the mails are being swep...
06 November 2008 /security
I have no doubt that mobile authentication might be a better approach than the dongle full of passwords you're supposed to leave in the office. While it's handy to have a USB stick to carry data around, it might prove easier to secure that data with mobile authentication and have it never leave a secure IT domain. The first thing that occurred to ...
03 November 2008 /security Whatever...
The DTCC buying LCH.Clearnet looks a no brainer deal for both companies with both increasing their business potential and both able to rationalise their cost structures. This is certainly the case at LCH.Clearnet where it has been common knowledge that they need to modify their systems. We will not know if the deal will be concluded for some month...
03 November 2008 /security MiFID
https://www.finextra.com/finchannel.asp?topic=security Published: 31 October 2008 - 15:53 Trojan steals 500,000+ bank and card details The login credentials for hundreds of thousands of online bank accounts and debit and credit cards have been stolen by "one of the most pervasive and advanced pieces of crimeware ever created," acc
01 November 2008 /security /payments
Uri Rivner CEO and Co-Founder at Refine Intelligence
I just came back from RSA Conference Europe, which – as always – is an amazing time of the year. One particular perk of this event was the public display of the Engima machine, believed by the German forces of Second World War to be impenetrable, and the story of Alan Turing who broke its codes. The intelligence gathered following the breaking of ...
31 October 2008 /security Online Banking
Matt White North America editor at Finextra
Sarkozy isn't the only recent high profile victim of fraudsters. Des O'Connor - British chat show host and famously bad singer - was taken for around £1000 by a shop assistant who used his mobile phone to record the entertainer's card details. After recording the details of Des and many others, Olanrewaju Apalara went online and registered the ca...
31 October 2008 /security Whatever...
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