1135 Results from 2009
David Divitt Senior Fraud Product Manager at VocaLink
There have been a number of studies published recently about consumer attitudes to online banking or shopping, and there is a persistent theme of consumers still being worried about security and fraud. There is a lot that banks can do to protect consumers from fraud, and the fraud detection and preventions tools on the market today are proven and
17 February 2009 /security /payments
Robert Siciliano Security Analyst at Safr.me
by Robert Siciliano In a Microsoft press release a global bounty has been offered for the arrest and prosecution of whoever has created and released the “conficker” virus. Conficker was released in the last quarter of 2008 and has infected a wide estimate of 2 million to 10 million PCs. After issuing patches, Microsoft estimates approximately 3
17 February 2009 /security /retail
Retired Member
While waiting at Kennington station this morning (imagine my usual rant here about how crap the Northern Line is these days) I had time to look at the free newspaper. In fact I had time to read War and Peace. Or write it. There was a full page ad for the iPhone - describing a few popular apps available to download. Well - I thought I'd share the on...
17 February 2009 After hours
I admit to holding out. I see new stuff out there and immediately see the possibilities, but can't bring myself to blab immediately. Steve Wozniak (Apple founder) has gone back to work at a company I want to blab about. First I had to examine the possibilities, there are many, and even more I was tempted to keep silent. One smart bank has already ...
17 February 2009 Whatever...
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Banks - especially Investment banks - are now being squeezed from all sides - revaluation of securitized papers to unrealistically low market price levels, losses from credit books as economies nosedive, new costs from all sorts of more or less needed regulation, restructuring costs etc - all also leading to higher funding costs. On the other hand...
16 February 2009 /payments Innovation in Financial Services
Ed Daniel Senior Consultant, getting old you know ;-) at esdaniel.com
This has been on my mind a lot recently, mainly out of frustration with using my bank's web sites as they don't support Firefox very well. More so, my bank and credit card providers especially are a total pain in the butt when it comes to working out which cookies and javascripts to enable for their various domains - this becomes a total headache...
16 February 2009 /retail Futuristic Banking
Robert Siciliano Are you familiar with a “Logic Bomb”? This is a brilliant piece of code, a virus, designed for destruction. The goal of a logic bomb is to disable existing systems that may monitor data, protect it, back it up or access it. A logic bomb is designed to multiply like any virus and spread throughout a network multiplying its effects...
16 February 2009 /security /retail
A quick search on Google earlier today flagged up some puzzling results. While searching for an article about how Canada has managed to escape relatively unscathed from the financial meltdown, Google also helpfully (??) flagged up that others that have failed to suffer the economic plight are none other than Iran…and the Italian Mafia. At the ri...
16 February 2009 Whatever...
Paul Penrose Head of Research at Finextra
The New York Times does a good job of reviewing The International - a new zeitgeist-tapping movie that portrays the nefarious activities of a fictitious international bank dubbed IBBC. As the NYTimes reviewer wryly observes: "That multinational weapons manufacturers can be portrayed as more decent, civic-minded and principled than global fina...
16 February 2009 /retail /wholesale Whatever...
So, we have contractual issues that mean lots of people in banks need to be paid bonuses. So be it. Pay them then, but here's how it should be done. 1) The first £5,000 in bonuses should be paid in cash. That should mean that most lower-level people in the banks get the cash they deserve - i.e. those who work hard at the coal face, in branches ...
16 February 2009 /retail Transaction Banking
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