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The card brands, Visa, MasterCard, JCB, American Express and Discover, are all mandating the universal and unquestioning acceptance and implementation of the PCI-DSS. The justification for this has a...
You may have seen this before, it goes like this: a pop-up pops and it looks like a window on your PC. Next thing a scan begins. It often grabs a screenshot of your “My Computer” window mimicking your...
This weird 'fatwa' by Somali Islamists seems to reiterate the fact that only paper money (cash) is the God they recognize! I found this quite intriguing. I have heard and even empathized with numerous...
It’s another week – and there are more people who should know better who have now got egg all over their faces! This time round, it’s the flaws in a financial management tool designed to track and mon...
Typosquatting, which is also known as URL hijacking, is a form of cybersquatting that targets Internet users who accidentally type a website address into their web browser incorrectly. When users mak...
Check fraud is a billion dollar problem. Check fraud victims include banks, businesses and consumers. Our current system for cashing checks is somewhat flawed. Checks can be cashed and merchandise can...
The international law enforcement operation known as Trident is starting to have ripple effects in the fraud underground. Like the Darknet operation in October 2008, it is certainly a milestone in th...
Jerome Kerviel is a name that will linger long in the mind of banking and fraud professionals around the world, making the exploits of Nick Leeson and Robert Maxwell look distinctly amateur! His con
In a recent post (Hackers Play “Social Engineering Capture The Flag” At Defcon), I pointed to a game in which contestants used the telephone to convince company employees to voluntarily cough up info...
In the late 90s and early 2000s, hacking had evolved from “phreaking” (hacking phone systems) to “cracking” (breaking into networks). At the time, hackers hacked for fun, for the challenge, and for fa...
There’s been a lot of talk recently about the idea of ‘cashless society’ and numerous journalists seem to be jumping on the bandwagon in a bid to write a colourful story. This usually involves testing...
Only select few have had a look at the script of the next James Bond feature film. It seems like Quantum, the secret criminal organization that in previous installments was busy short-selling the stoc...