126 Results from 2013, /security
David Divitt Senior Fraud Product Manager at VocaLink
The recent article talking about the “Courier Scam” published in The Guardian is an interesting read for those of us in the industry, and an important one for both consumers and banks to pay attention to. While the police’s explanation of the scam seems plausible, I actually think the scam may have been even more sophisticated. The police figured t...
19 August 2013 /security /payments
Jane Adams Marketing at Currently looking for a job
I’ve got a sore back. Or to be more precise I’ve got a sore tail bone. I don’t know whether it’s from being thrown in a fight or from the amount of time I spend on trains commuting between home (Edinburgh) and work (Guildford) but sitting down has been painful recently. Last night I felt moved to Google the problem on my phone to see what could be...
15 August 2013 /security
Retired Member
We now have proof that hackers are targeting bank employees. Sadly, keyloggers, man-in-the-middle, and Trojans aren’t just for online banking customers anymore. The joint fraud alert from the FBI, FS-ISAC, and ICCC at the end of 2012 warns financial institutions that hackers are using spear phishing to take over internal employee accounts and send...
13 August 2013 /security /regulation
One of the issues that could have held back the adoption of Legal Entity Identifiers (LEIs) by market participants and regulators has been the question of “who runs the system?” LEIs are going to be as fundamental to identity management in the financial sector as passports and identity cards are to the world’s population. It shouldn’t be a surpr...
12 August 2013 /security /regulation
How much thought do you put into your PIN? Is it someone’s birthday? Your vital statistics? You would think that people would try to protect their bank account balance or credit limit to the best of their ability, but you’d be surprised. A startling number of consumers still put little effort into determining a PIN. Recent research [Data Genetics...
12 August 2013 /security
Data breaches tend to spotlight the malevolence of hackers and hacktivists but some of the most serious vulnerabilities continue to lie closer to home in how an organisation monitors and manages internal risk. Insider breaches are often perceived as exceptions rather than a common threat but should financial service providers reconsider this appro...
09 August 2013 /security /regulation
Card fraud across the UK and Europe is on the increase. A recent CIFAS report suggests that in the UK alone, card fraud increased by over 26% in 2012. Pair this with other research which claims that there has been a 6% increase in fraudulent activity across the whole of Europe and a worrying trend emerges. The numbers demonstrate that banks need ...
01 August 2013 /security
Many bankers we speak with are interested in enterprise case management software, but some have trouble getting the project funded. Here are seven justifications that we've seen in successful business cases at other institutions that led to the purchase and installation of enterprise case management software. 1. Your regulator tells you to upgrad...
30 July 2013 /security /regulation
Pat Carroll Founder/Executive Chairman at ValidSoft
The breaking news from the US indicating that over 160million credit and debit card numbers have been stolen, whilst not unpredictable, is still quite staggering. Early estimates suggest around $300 million dollars has been stolen, but this figure looks likely to increase dramatically. It appears that a group of criminals utilising malware to in
29 July 2013 /security Innovation in Financial Services
Chrysler Corporation recently issued a vehicle recall, it’s twelfth since June this year, affecting 840,000 of its automobiles around the world. Chrysler said it’s a pre-emptive measure, and cited a faulty head restraint as a reason for the recall. Vehicle recalls are almost standard procedure in the world of automobiles today, but what does it m...
26 July 2013 /security /payments
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