1135 Results from 2009
Retired Member
According to recent figures released by the European ATM Security Team (EAST), card-skimming fraud at European ATMs increased 129% in 2008, with a total of 10,302 reported incidents. As the credit crunch bites and fraud departments are faced with the challenge of delivering operational efficiency and reducing costs, such losses associated with fra...
17 April 2009 /security
Robert Siciliano Security Analyst at Safr.me
We’ve known for some time that the long-haired, lowly, pot-smoking, havoc-reeking hacker, sitting alone in his mom’s basement, hacking for fun and fame is no more. He cut his hair and has now graduated into a full time professional criminal hacker, hacking for government secrets and financial gain. His contacts are global, many from Russia and E
16 April 2009 /security
The holy grail of hacks may make banks have to completely revamp their payment systems. At an ATM or cash register, most debit card users are blissfully unaware of what occurs when they swipe their cards and enter their pin numbers. A magical mystery takes place and we get to walk away with our new purchase, simply by swiping a card and tapping
15 April 2009 /security
Chris Skinner pointed me to Verizon's staggering report that there were 285 million records stolen in 2008. 91% of those data breaches were committed by organised criminal groups. It also suggests that PIN algorithms have been defeated. The number of records stolen in 2008 was more than the previous four years in total. At Christmas I pointed out ...
15 April 2009 /security /payments Whatever...
There are some banks out there going full steam ahead and doing good things. In previous mega-blogs I've mentioned Santander as the one to watch. I also suggested that education was a great opportunity for FI's to participate, support and otherwise value add to their customers. Santander obviously agrees and El presidente Emilio Botin has announce...
15 April 2009 Whatever...
With experts this time last year predicting a surge in equal pay claims from women, it looks as though the situation was misjudged. Recent figures show that in the 11 months to February just under 42,500 cases were accepted by tribunals, significantly lower than the record 63,000 cases between 2007 and 2008. It is possible that the number of cases...
14 April 2009 Women in Technology
I now look at loyalty programs, discount cards, prepaid cards, and other membership programs as mobile content, very similar to ringtones and games. The same way that people today send a text message with a key word or code to get a ringtone or game sent to their mobile phone, customers can also add loyalty and prepaid card programs to their phone...
14 April 2009 /payments
Now, a new form of vigilante justice is occurring: scammers are illegally scamming, blackmailing and extorting other scammers. Who doesn’t love vigilante justice? Some readers may remember Charles Bronson, an American actor who starred in the popular series Death Wish. Bronson played Paul Kersey, a man whose wife is murdered and whose daughter ra
13 April 2009 /security /regulation
With its latest investment in Philadelphia-based Field Diagnostic Services (FDSI) and its overall $20 billion commitment to support sustainability, Bank of America (BofA) is just the latest financial institution to put their money on the table on issues of environmentalism. BofA joins Citigroup, Morgan Stanley and host of other financial institut...
13 April 2009 /wholesale Going green
Prior to joining the WTO, the knowledge and experience of bank staff in Chinese banks was not an issue. Most domestic banks were very inwardly focused on their core domestic business and staff had the capabilities to match. However, as more and more SOEs were either listed or entered into partnerships with foreign multi-nationals, the requirements...
13 April 2009 Asia Financial Services
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