294 Results from 2010, /security
Angus Stewart CEO at www.e-solutions.uk.com
Insider fraud – a crime committed by members of staff – is now one of the biggest security threats posed to businesses in the UK. I estimate the cost to UK financial institutions is astronomical. Mortgage lenders and building societies lost more than £500 million in 2009 to this growing menance – and all the signs are this figure will rise in 201
29 September 2010 /security /regulation
David Divitt Senior Fraud Product Manager at VocaLink
The recent announcement of the multi-channelled Zeus attack on a user's internet banking account is an interesting hypothesis and surely will not be the last when it comes to beating the ever advancing online banking systems. The attack method currently seems to use the mobile phone as a forwarding device for any one time password that is delivere...
27 September 2010 /security /payments
Recently my attention was drawn to the comments made by a leading think-tank that claimed a “confusing hotchpotch” of reporting obligations is hindering UK companies in their fight against fraud. The Fraud Advisory Panel (FAP) is urging the government and UK plc to develop a more consistent approach to combating corporate fraud, which costs Britis
27 September 2010 /security /regulation
Robert Siciliano Security Analyst at Safr.me
This story is about a victim of criminal identity theft. The victim is a trucker who discovered that his identity had been stolen when his commercial driver’s license was suspended because the thief who stole his identity had been busted for drinking and driving on four different occasions. Imagine. The consequences of identity theft are often so ...
Lachlan Gunn Executive Director at European Association for Secure Transactions
I first did a blog on Do you Protect Your PIN at ATM on this site last winter. In it I stated: "The most common ways that criminals obtain a PIN at an ATM are by looking over your shoulder (defeated by covering your PIN), by using spy or micro cameras (also defeated by covering your PIN) and by using a false overlay over the PIN pad. It shoul...
23 September 2010 /security Information Security
I’ve said it before, use upper and lower case, use number and letter combinations and when possible, if the website allows it, use special characters. It has been documented that “Adding just one capital letter and one asterisk would change the processing time for an 8 character password from 2.4 days to 2.1 centuries.” It is great advice to stren...
22 September 2010 /security /regulation
Uri Rivner CEO and Co-Founder at Refine Intelligence
Five years ago, law enforcement forces were pretty clueless about Cybercrime and online banking fraud. National intelligence bureaus and police departments worldwide experienced a flood of unknown complaints about money going up in digital smoke, and were absolutely unprepared for the huge task of turning the tables on fraudsters. But today we’r...
21 September 2010 /security Innovation in Financial Services
September is National Campus Safety Awareness Month. I helped Uni-Ball conduct a survey of 1,000 college students and 1,000 parents. The survey revealed that while about 74% of parents believe students are at a moderate to high risk for identity theft, and 30% of all identity theft victims are between 18 and 29, only 21% of students are concerned ...
21 September 2010 /security /regulation
If you're a business that regularly uses casual staff in order fulfil commitments to customers and keep running costs down, then you may wish to consider revising your business strategy! Why? Because you could be putting your organisation at serious risk from the growing menace of a phenomenon known as ‘insider fraud' - and could lead to your cust
20 September 2010 /security /regulation
Technology is meant to make life easier, safer and in some cases fun-er. Geolocation is supposed to make you save a few bucks on discounts when you “check in” at participating retail stores and gather “points”. It is also supposed to tell your friends and followers via geo-tagging that you just snapped a photo somewhere. However there is nothing ...
15 September 2010 /security /regulation
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.