172 Results from 2008, /security
Retired Member
Conventional wisdom says that if merchants will just comply with PCI (payment card industry data security standard), then crooks will not steal card data from merchants. Under this wisdom, the US Federal Trade Commission has been punishing merchants like TJX. However, I don't see how PCI compliance would have stopped this POS terminal hack. The te...
15 October 2008 /security /payments
A poll recently released by the Consumer Reports National Research Center shows that 82% of consumers are concerned about their credit card numbers being stolen online, while 72% are concerned that their online behaviors were being tracked and profiled by companies. Although 68% of consumers have provided personal information in order to access...
14 October 2008 /security Whatever...
Stephen Wilson Managing Director at Lockstep Consulting
I can see how lifting account details from a terminal device can help an attacker take over a bank account via conventional channels, but I am not sure that this is an attack on the Chip and PIN system is it? I assume that the attackers are not able to clone any smartcards using the stolen data (because of the fundamental security measures in the ...
13 October 2008 /security
The All Party Parliamentary Group's report on bank and credit account fraud highlights the growing threat to existing accounts. Equally concerning is the misuse of accounts through Direct Debit fraud, which is recognised by banks and corporate organisations as a growing problem. These threats highlight the importance of establishing bank customers...
10 October 2008 /security /payments
"One of APACS' key responsibilities is co-ordinating a whole range of activities to tackle payment-related fraud" Does this mean that there's work for APACS as long as there is payment fraud? I ask this because its truly confusing to alert APACS of a solution to payment fraud and there simply is no reaction on their part. What do they mea...
01 October 2008 /security /payments Trends in Financial Services
That title is actually one of Javelin Strategy & Research's News Item : http://www.javelinstrategy.com/2007/11/02/every-new-idea-looks-crazy-at-first-attention-e-bankingpayments-product-or-security-managers-ready-or-not-customer-controlled-accounts-are-coming/ In another Javelin's news item, James Van Dyke stated : "....on this subject is ...
27 September 2008 /security /payments Trends in Financial Services
Paul Penrose Head of Research at Finextra
The Netherlands Bankers Association have launched their own inimitable viral-style Web campaign to alert people to the dangers of easy-money mule recruitment tactics (hat-tip to Linkdump). Although the campaign is only available in Dutch, the approach is bizarre enough to hold your attention. Somehow, I can't see the buttoned-up UK banks producin...
26 September 2008 /security /retail Video extravaganza
I've become a bit of a fan of virtual machines - on those odd occasions when I need to run Windows I do it within a VM on the Mac using VMWare - which means I have a safe, secure installation I can move around and restore more easily than I ever could on my old PC. I could see this approach working well in the business world - and so apparently can...
23 September 2008 /security
https://www.finextra.com/fullstory.asp?id=18325 Banks should offer solutions that consumers would readily take up because the solution solves the problem and because they feel secure and confident about the solution.
22 September 2008 /security Transaction Fraud Systems and Analysis
Well, I'm glad APACS pointed out that the rise in 'take-up' is because of making it mandatory for cardholders. Not all merchants use these solutions, so the security coverage for cardholders is quite spotty. It's also understandable that consumers complain because both these solutions make it quite easy for fraudsters to phish cardholders out of th...
22 September 2008 /security /payments Trends in Financial Services
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