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The risks from Cyber cime - Hacking - Loss of Data Privacy - Identity Theft and other topical threats - can be greatly reduced by implementation of robust IT Security controls ...
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Barack Obama announced last week that there will be a new Cybercrime Czar in the US reporting directly to the president. We wonder what, if any good that will do. Can he/she be more than a figurehead when the crimes they want to stop originate in the Ukraine or Bulgaria or Indonesia? Will they attempt to burden us with more ineffective regulation?...
01 June 2009 /security /regulation
Recently, a targeted crime spree hit Staten Island with 250 Sovereign Bank customers caught up in a never-ending technological arms race between criminals and the rest of us. This time it wasn’t the latest hacker sitting at a far away computer in the middle of the night. Rather it was a small gang that used skimming technology and video cameras...
27 May 2009 /security /regulation
In a week filled with data breach news, it's refreshing to see Visa's chief risk officer call for collaboration to stop fraud, and I applaud, however, there's something very important missing. Collaborating to share critical information and insights about fraud among "all players in the payment system", as well as government organizations...
25 March 2009 /security /regulation
Data breaches are becoming all too common -- so common and so large in scale that we are rapidly becoming desensitized to the news. But the effect of a data breach has the potential to crush companies. From the direct financial loss, to protecting consumers whose information has been compromised, to dealing with civil legal issues and penalties an...
05 March 2009 /security /regulation
Just in case your attention is elsewhere this Wednesday.... Would not want you to miss the 3rd Council of Europe Data Protection Day on Wed 28th January 2009 (what happened on the other two?) relating to everything from EU initiatives to the nitty-gritty such as my personal area of interest, document metadata removal. A timely blog last week from ...
26 January 2009 /security /regulation
Matt White North America editor at Finextra
It's good to see BofA getting involved with Twitter but there do seem to be a couple of associated security concerns. The bank is effectively using its feed as a help desk. Its man at the coalface, David Knapp, communicates through tweets with customers who are having issues with their accounts and then, it appears, normally asks for a phone numbe...
16 January 2009
Elton Cane Digital product delivery at News Corp Australia
Fox News has been dogged in its pursuit of scandals going on at the World Bank, including the hacking cases we wrote about in October. To add to Satyam's recent woes, they have now confirmed that Satyam has been banned from working for the World Bank for eight years, starting from September. Apparently the punishment has been meted out for paying ...
23 December 2008 /security /wholesale
Well, at least they do in the US when it comes to protection of personal data. Despite frequent stories about data being handled irresponsibly in the industry, six of the top 20 firms in the Ponemon Institute’s fifth annual survey of Most Trusted Companies for Privacy are financial services firms - and American Express holds on to the no. 1 slot fo...
17 December 2008 /security
Anthony Cossey Project Manager at Fixnetix ltd
Worried about losing your USB Flash Drive? It seems everyone these days are carrying around USB flash drives, see my blog article here on buying a drive http://tonycossey.blogspot.com/2008/08/usb-flash-drives.html Thus everyone now store lots of sensitive information on the drives in their pocket, which is dangerous if you lose the drive......Un...
18 November 2008 /security
One hopes that vetting procedures for accessing Swift's secure SwiftNet network are much stricter than those for its online community forums at swiftcommunity.net. It seems that a Nigerian 419 fraudster was able to register, get a username and password, and send the usual "investment opportunity" email using the internal message system. E...
13 November 2008 /security /regulation
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