240 Results from 2011, /regulation
Retired Member
The statistics quoted within the Informatica report carried out by the Ponemon Institute present a picture that does not surprise me and rightly emphasises the risks around the use of ‘real’ data. Over the last 15-20 years, the use of such data within the software testing of banking applications has become increasingly prevalent and worryingly reg
18 March 2011 /security /regulation
In the quest to entice more high-frequency trading firms to an exchange, one could take the approach of Singapore Exchange Ltd. (SGX).The platform may permit traders to buy and sell shares in smaller increments. This would give "electronic trading groups a broader range of potential points on which to compete," according to The Wall Stre
17 March 2011 /regulation
Over the past week, articles reported the latest data on UK Banking Fraud Losses (for example UK banking fraud losses at their lowest for a decade, 09.03.2011, Finextra). It is encouraging to see how the financial services industry has been successfully investing in fraud prevention for online transactions. I would however like to consider the
Robert Siciliano Security Analyst at Safr.me
Internet criminals follow a similar editorial calendar as newspaper and magazine editors, coordinating their attacks around holidays, and the change in seasons. They further capitalize on significant events and natural disasters. Japans earthquake is a biggie. Whenever a natural disaster hits normal people get an urge to help those in distress. Our...
17 March 2011 /security /regulation
Near Field Communications, or NFC, is the exchange of information between two devices via wireless signal. For example, a wireless signal emitting from your cell phone can act as a credit card when making a purchase. This year, over 70 million mobile phones will be manufactured and sold with NFC built in. NFC can be used in other ways beyond credi...
Our culture deemphasizes individual responsibility. In my mind, life begins when you begin taking responsibility for everything in your life. Personal security is fundamentally your own responsibility and, while you may not be responsible for a crime happening to you, you are the one in the best position to prevent it. In the last decade, as much ...
13 March 2011 /security /regulation
Cases of stolen tax returns have surged over the past five years, leaving many identity theft victims struggling to recoup their lost refunds. Approximately 155 million tax forms are filed annually. This provides identity thieves with an opportunity to come out of the woodwork and steal from Americans who are just trying to pay their taxes correctl...
10 March 2011 /security /regulation
What do you do when you are picked up in a cab and the driver suspects your home will be vacant while you are gone? The Manchester Evening News reports “A BUNGLING burglar went to the same ATM more than 50 times – to try and guess the PIN numbers of bank cards he had stolen. He thought he might strike it lucky if he kept on putting in random sets o...
08 March 2011 /security /regulation
Impossible to open a financial magazine or a blog without coming across an article related to “compliance”. It seems that the regulators have been particularly prolific these past few months. Up to a point that with Basel II for example, bank executives are responsible for the implementation of a secure BCP plan. However, can we explain this bunch...
07 March 2011 /regulation
With the dust settling on Reg. E, the regulation that requires U.S. banks and credit unions to get their customers to opt-in for overdraft protection, it looks like banks’ revenue will not fall all that much because a surprisingly high number of customers, particularly habitual offenders, said they needed the facility. Seems that everyone went awa...
07 March 2011 /regulation /sibos Innovation in Financial Services
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.