4484 Results from /regulation
Robert Siciliano Security Analyst at Safr.me
The number of households in the United States that rely solely on wireless telephones continues increasing. More than one in four households had cell phones and no landlines in the first half of 2010, which is an increase of 2.1% since the second half of 2009. And almost one in six households uses cell phones exclusively or almost exclusively desp...
24 February 2011 /security /regulation
According to the Identity Theft Resource Center, there were at least 662 data breaches in 2010, which exposed more than 16 million records. Nearly two-thirds of breaches exposed Social Security numbers, and 26% involved credit or debit card data. The ITRC elaborated, “Other than breaches reported by the media and a few progressive state websites, ...
22 February 2011 /security /regulation
Retired Member
It may have slipped your attention, but the European Commission consultation on CSDs (central securities depositories) and “harmonising certain aspects of securities settlement” will be closing for feedback on 1 March. If anything is fundamental to the way that securities markets work, it’s definitely settlement, and even more relevant when we ca...
18 February 2011 /regulation
Miloslav Hoschek Freelancer at e-Silk Road, NGO
The term „liquidity trap" was suggested by Keynes (1936) as a situation in which monetary policy is unable to stimulate an economy through increasing money supply or lowering interest rates. Liquidity traps typically occur when deflation is expected. Under the Keynesian conception of a liquidity trap further injections into the money ...
17 February 2011 /regulation /sibos Payments strategies 2015-2020-2030
The wild, wild web is the most exciting, alluring, and all-around awesome thing available to us today. It’s also something we have come to rely on to a fault. And that’s a little scary. The Internet is a decentralized wilderness, used by billions of devices worldwide. Joe Lieberman, chairman of the Homeland Security and Governmental Affairs Commit...
16 February 2011 /security /regulation
Gary Wright Analyst at BISS Research
Banker's bonuses are still dominating the news during the results season. The banks one by one, will all declare massive profits that are virtually the same as before the banking crisis. "Crisis what crisis" is the cry in the boardrooms and they're right. In just a few short years the banks that crippled many of the worlds economies are ...
16 February 2011 /security /regulation EBAday
As world is talking about mobile payments, there is identification with mobile phone, which needs discussion. Some years ago countries like Turkey and Estonia introduced mobile ID- systems. End of last year, country of (former) Nokia/ current WinDOS Nokia introduced after 10 year project called Mobile ID provided by mobile operators. With this sol...
16 February 2011 /regulation
Account takeover happens when your existing bank or credit card accounts are infiltrated and money is siphoned out. A hacked account or stolen credit card is often to blame. The drop in account takeover may be due in part to a few different things. Less breaches. There was a drop in data breaches from 221 million records in 604 breaches during 2009...
15 February 2011 /security /regulation
Basel II regulation focused on the consolidation and measurement of risk. Financial organisations built IT systems that gathered ‘exposure’ information, analysed it and calculated the measures required by the Basel accord. Basel III addresses two areas of regulation – solvency and liquidity – thereby ensuring that banks have sufficient capital to ...
14 February 2011 /regulation Innovation in Financial Services
As long as identity thieves continue to breach databases and steal Social Security numbers, new account fraud will plague the public. New account fraud refers to financial identity theft in which the victim’s personal identifying information and good credit standing are used to create new accounts, which are then used to obtain products and service...
12 February 2011 /security /regulation
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