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Elton Cane

World Bank bans Satyam for 8 years over lax ethics, security

Fox News has been dogged in its pursuit of scandals going on at the World Bank, including the hacking cases we wrote about in October. To add to Satyam's recent woes, they have now confirmed that Sat...

23 Dec 2008
Information Security
Retired Member

VBV is locking your front door but leaving your windows open

:-) Getting warmer... Using VBV is very much like locking your front door but leaving your windows open. I have said this in 2001 to a VISA security executive : "VBV or 3DSecure's weakness is ...

17 Dec 2008
Transaction Fraud Systems and Analysis
Elton Cane

People still trust the financial services industry

Well, at least they do in the US when it comes to protection of personal data. Despite frequent stories about data being handled irresponsibly in the industry, six of the top 20 firms in the Ponemon I...

17 Dec 2008
Information Security
Uri Rivner

Unlucky 100,000

In light of the festive season I decided not to post anything about new threats and emerging headaches. Instead, I decided to shed some light on the work of the good guys. To the good guys! The post b...

16 Dec 2008
Online Banking
Retired Member

Toys R US' Communications

Toys R US' comments made me laugh. If police found that the skimming device was used to save PIN and card numbers (meaning that Toys R Us accepts pin authenticated card transactions), then why would T...

16 Dec 2008
Transaction Fraud Systems and Analysis
Retired Member

Is the PEN mightier than the PIN?

Despite chip and pin and its promise to secure card transactions, what makes the PEN still mightier than the PIN? The answer has something to do with interchange fees and security (zero liability for ...

15 Dec 2008
Business Knowledge for IT
Steve Ellis

Dick Hardt: Mr Identity 2.0 joins Microsoft

Given the subject of identity comes up fairly frequently within the Finx blogs, especially in relation to security, it may be of interest to know that Microsoft has hired Dick Hardt to support its eff...

10 Dec 2008
Finance 2.0
Paul Penrose

CheckFree hack sets off alarm bells

The Washington Post's Security Fix blog has dug a little deeper into the attack on CheckFree's bill payment Website last week. CheckFree has admitted that hackers had, for several hours, redirected v...

08 Dec 2008
Retired Member

Important Announcement of Iris Scanning Security in the UAE

This kind of news actually make the Central Bank of UAE and authorities in the UAE truly 'seem' uninformed. Anyone in the payment security business (fraudsters as well) know that this will not solve t...

04 Dec 2008
Transaction Fraud Systems and Analysis
Retired Member

Apple in Mac virus U-turn shocker

Brian Krebs at Security Fix reports that Apple appear to have made an interesting U-turn on the whole virus on a Mac thing. "Apple encourages the widespread use of multiple anti-virus utilities s...

02 Dec 2008
Uri Rivner

Curse of the Were-Laptop

Richmond, Virginia - Sunday 20:00 EST The storm outside sent wave after wave of heavy rain drops that banged on the large window, trickling down into the garden bushes below. Distant thunderclaps rol...

24 Nov 2008
Online Banking
Retired Member

Good job but it does not stop here...

"According to press reports, the investigation began in March after Brussels-based e-payments outfit Atos Worldwide told authorities that cash withdrawals were being made overseas using cards cop...

21 Nov 2008
Transaction Fraud Systems and Analysis