2282 Results from /security
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
What is the most likely event to emanate from all the downslides in the financial market? Yes, the plethora of new laws and regulations. We saw Sarbanes-Oxeley in response to Enron and World Com. We had the Patriot Act after 9/11. So, what do you expect from the subprime crisis - new laws, of course! The first salvo seems to be fired off by the U...
22 March 2008 /security /regulation
Retired Member
In a new twist, it seems that pump and dump fraudsters are now exploiting social media networks to artificially inflate the price of stocks in addition to boiler room scams, 'blast faxes' and more traditional e-mail spam. As part of its crackdown on stock market spam, the US Securities and Exchange Commission (SEC) says it has suspended trading in...
20 March 2008 /security
Matt White North America editor at Finextra
A couple of weeks ago Finextra reported that security expert Adam Laurie has developed a script that lets fraudsters pull the names, account numbers and expiration dates from RFID enabled American Express cards without touching, or even seeing, them. At the time Amex told us the information was of little value to criminals and couldn't be used fo...
12 March 2008 /security
Jonathan Rosenne Chairman at QSM Programming Ltd.
Diebold is one of the leading vendors of ATMs worldwide, and is now in the news: http://www.diebold.com/ http://finance.yahoo.com/q/h?s=dbd Whatever the outcome of the current boardroom hassle, it is obvious that things had gone wrong and that the future management of Diebold, whoever they be, will have to reassess the company and its ways. From a ...
08 March 2008 /security /retail Trends in Financial Services
There was a rash of stories last week about assorted web sites not coping with February 29th or leap years in general. You'd think by now this kind of thing would have been sorted out - we did after all see off the Y2K bug and the rules of the Gregorian calendar are quite well established and have been in use for some time. Interesting to see then...
05 March 2008 /security
Bear in mind the ticket system uses RFID chips and in my experience the Black Hat's leave a trick or two up their sleeve so it's probably worse than one might think. You probably have time to read this before you just check your Amex account, and yes I could just walk through Wall St during lunch and pluck a few hundred Amex cards out of the air, r...
23 February 2008 /security
"The two most common elements in the universe are hydrogen and stupidity", so goes a wise crack. The way the world is going in 2008, it looks like Debt and Fraud are going to the two most common elements in our lives. Never in economic and social history have these subjects taken so much of our daily lives. Even my school going son has he...
13 February 2008 /security /regulation
Keith Appleyard IT Consultant at available for hire
Here we are over 2 months after the initial Child Benefit fiasco; you would think the HMRC would have introduced controls to accept encrypted media? The Information Commissioner just issued Marks & Spencer with an Enforcement Notice giving them until 1st April 2008 (ie only 2 months) to complete encryption of all their laptops http://www.ico....
01 February 2008 /security /regulation Whatever...
Sunday my daughter got an e-mail purporting to be from Natwest saying that someone had been trying to access her Online Banking. E-mail said they had temporarily disabled her Online Account and if she wanted to use it again she had to go and re-confirm her identity. She clicked on the link supplied, which led to (what she now knows to be) a facsim...
31 January 2008 /security Whatever...
A study by researchers at New Zealand's Massey University has found that customers lose faith in the security of online banking systems as the number of authentication checks they have to go through increases. Researchers Hokyoung Ryu and Kansi Zhang found that although enhanced security measures for Web banking may make the process "technic...
31 January 2008 /security
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