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A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.
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Keith Appleyard IT Consultant at available for hire
Thieves appear to have stolen the funds from University of Virginia after compromising a computer belonging to the University's Financial Controller. Malware intercepted the Online Banking Credentials for the University's Bank accounts and initiated a fraudulent wire transfer for $996,000 to a Bank in China. Whereas, because of a £10,000 per day ...
02 September 2010 /security /regulation
According to the NY Daily News, Iguosade Osahon, a 28-year-old Nigerian-born student, has been charged with stealing the identities of 750 victims and used the $500,000 he stole to buy Rolex watches, Louis Vuitton bags and jewelry at Tiffany & Co. He stole his victim’s personal info by trawling online data traffickers for personal information
01 September 2010 /security /regulation
Once again one hears of a Building Society not encrypting its laptops, coupled with poor physical security and password management by its employeees. In this instance, an unencrypted laptop belonging to the (former) Chelsea Building Society (which in April 2010 merged with Yorkshire Building Society), was stolen from its Cheltenham premises. It bel...
30 August 2010 /security /regulation
As reported in the New York Times : www.nytimes.com/2010/08/22/business/22digi.html Papers filed in court allege that over a 4 year period, thieves created fictitious Merchants through use of accommodation addresses and stealing other peoples identities, charged more than $10 million on consumers’ credit and debit cards, and then moved the money...
30 August 2010 /payments /regulation
Retired Member
If you've ever been to Trafalgar Square in London then you'll know about the fourth plinth. It's never had a permanent statue on it and in recent years has been temporary home to all manner of fantastic arty fun. It's currently home to a large ship in a bottle and as usual there's much discussion about what will come in future installations. Enter ...
20 August 2010
Real Title: Mobile & Phone Banking in the Age Of The $1500 IMSI catcher. Without getting all techo, you may have read where I reported last year that GSM encryption was kaput. Before you get all excited and congratulate yourself that your are on 3g, you may not always be and most of the rest of the world including about 3 billion of your custo...
03 August 2010 /security
I had an interesting experience during the volcano disruptions which showed how Phone Companies aren't doing joined up thinking on Security. I was stranded without phone access on my Blackberry. I emailed Virgin Media from my pre-registered e-mail account to ask them to give me international access for my location. Their response was that for my sa...
21 June 2010 /security /regulation
The other week in a single day I completed 4 Charitable Donations forms where in 2 instances the paper form only asked for Cardnumber & Expiry Date, whilst in the other 2 instances they also asked for the Security Code to be written down. In the latter instance, one of the forms was subsequently returned to me as it was incomplete. If that had ...
Matt White North America editor at Finextra
The World Cup kicks off tomorrow afternoon with hosts South Africa taking on Mexico in the opening game ahead of England's sensational soccer showdown with the USA on Saturday. So, time is running out for those who want to join the Finextra Fantasy Football league. If you think you've got what it takes to beat the fintech world's finest football m...
10 June 2010
World Cup fever has hit Finextra HQ, with the team coming close to blows over the rules and regulations governing our (entirely legal, we checked) internal sweepstake. After drawing North Korea, I'm considering taking the case to arbitration but in the meantime, with competitive juices flowing, we invite our community members to join the Finextra ...
04 June 2010
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