1205 Results from 2008
Retired Member
Botnets Enlarging, Again There must still be a few idiots opening those unsolicited emails. Apart from the facts that my wife would leave me if I took up all those 'enlarging' offers and I'm too honest to steal money from 'dead' African bank accounts, I just don't have the time to read them [I've just been 'told' what they're like]. On a personal ...
08 April 2008 /retail Innovation in Financial Services
It seems everyone is getting 'into' mobile transactions, mostly without thinking. Paymate India have introduced SMS based payments:; "Once you choose to pay via PayMate at any of the accredited merchants, all you have to share is your mobile number" [with everyone you are paying.....great idea NOT!]. It might seem funky giving your pho...
07 April 2008 /payments /retail Innovation in Financial Services
An already large botnet appears to be growing at an alarming rate - having expanded by 100,000 machines in the last month. Kraken - the malware that infects the victims' PCs - is similar to the Storm Trojan and relies on users clicking on a file expecting to see an image - except it isn't one. It also uses encrypted communications and can move com...
07 April 2008 /security
Paul Penrose Head of Research at Finextra
Two bank workers who stole 45 million yuan (HK$49.93 million) to buy lottery tickets have been executed in Hebei province, according to an AFP report quoting the Xinhau News Agency. The two vault managers started taking money from the safe to play the state lottery, hoping they would eventually win back enough to replace the missing funds. Makes y...
07 April 2008 /regulation /wholesale Whatever...
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
There is an article in the NY Times today called In Web World of 24/7 Stress, Writers Blog Till They Drop . The article talks about the immense pressure bloggers (especially technology bloggers) face keeping up with a 24/7 demand for information. And cites two well-known tech bloggers who recently died. Now the piece does focus on people who are ...
07 April 2008
More about 'Mobilisation and The Art of War in Transaction Space'. Whether online or in a branch - people DON'T WANT TO 'BANK' - it's just a necessary evil. The main reason that banks don't feature in the brand love game is because people don't like to bank. People like easy money. Easy to keep safe, ie. 'The burglar can find it under my mattress...
06 April 2008 /payments /retail Innovation in Financial Services
More's Law ... more or less. More(profit.per.fraud) x More(potential.for.fraud.data.breaches) x More(people.trying.to.commit.fraud) = More fraud Add some economic hardship into the equation somewhere. + or x More(economic.hardship) What's the answer to that one? More... Internet crime (FBI Internet Crime Complaints Centre Report 2007.pdf: ...
06 April 2008 /security Whatever...
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
The FBI (National White Collar Crime Center - Internet Crime Complaint Center) released their latest 'Internet Crime Report' for 2007. See http://www.ic3.gov/media/annualreport/2007_IC3Report.pdf The report actually claims a reduction in the number of Internet crimes reported to the ICCC in 2007 when compared to 2006. Does this mean Internet crime ...
05 April 2008 /security /regulation
The Register have flagged up that the UK banking industry's code has re-affirmed a policy that makes online banking users responsible for losses if their anti-virus or anti-phishing protection is out of date. Banks will not be responsible for losses on online bank accounts if consumers do not have up to date anti-virus, anti-spyware and firewall so...
04 April 2008 /security
PwC research shows more than a quarter of UK companies do not have a disaster recovery plan and half of these have not been tested. 92% of companies surveyed believe that disaster recovery is "an important driver" of their IT spending, but over half haven't quite got around to planning or testing their plan regularly. Well - disaster is ...
04 April 2008 /regulation
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