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The risks from Cyber cime - Hacking - Loss of Data Privacy - Identity Theft and other topical threats - can be greatly reduced by implementation of robust IT Security controls ...
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The voices calling for the U.S. to migrate to EMV have been growing louder over the past few months with Walmart, T-Mobile and even the Federal Reserve calling for or discussing the move. Meanwhile, just across the border, the United States’ close northern cousins in Canada have already taken the decision to make the move and are well underway in...
09 September 2010 /payments
Anthony Cossey Project Manager at Fixnetix ltd
The UAE and Saudi Arabia have banned certain communications services available via Blackberry devices in their countries, simply because the data leaving the device is encrypted and this makes the data difficult to perform snooping on. This to me defies logic, if were using any Internet connected device for illegal purposes, i would certainly be u...
05 August 2010 /security
100% security doesn’t exist. The frustrating truth is that almost every organisation will suffer a security breach at some point. Whether it is the defacing of a website, loss of data through a Trojan horse or the corruption of a system by a virus or worm, most companies will experience some form of data breach. This includes merchants who have d
05 August 2010 /security /retail
The online banking systems offered by the Lloyds Banking Group (including Bank of Scotland & Halifax) and the Royal Bank of Scotland Group (including Natwest, Royal Bank of Scotland & Ulster bank) are vulnerable to an attack which allows an adversary to commit financial fraud. More precisely, the login systems used by these banks to authen...
04 August 2010 /security
In the past decade there has been a sharp increase in focus on the security of cardholder data held by third parties. High profile data breaches and the associated losses resulting from the fraudulent use of compromised cardholder data have made global headlines and have struck fear into consumers and merchants alike. Well publicised breaches inc
22 July 2010 /security /payments
The National Payments Plan progress report that was published in June highlighted the Payment Council’s continued focus on alternative payment technologies such as contactless. The two-year progress update references the “Review of the contactless and prepaid card markets” published in May 2010, which highlighted concerns raised by a number of co...
05 July 2010 /payments
Fraud is serious business. A recent report from PwC cited that hacking attacks overall are costing UK businesses at least £10bn a year. Fraud reduces customer confidence and brand integrity. Merchants however can fight back by taking measures to limit fraud exposure from the outset. How? By implementing comprehensive fraud and risk management pro
28 June 2010 /security /payments
Payment card fraud statistics are not published by every country, which is one reason why the UK’s statistics are so often reported and quoted, and are used as evidence of the impact of the introduction of Chip and PIN EMV cards on fraud. Another country that publishes payment fraud statistics is Australia. It is going through a roll-out of EMV ...
18 June 2010 /security /payments
On September 23, 2009 I discovered a vulnerability on Barclays online banking service which permitted a remote adversary to peruse customer bank statements. Barclays were immediately notified, but defended their system design as a balance between privacy and usability. The Financial Service Authority (FSA) and Information Commisioner's Office (ICO...
01 June 2010 /security
What’s it going to take to get contactless payments off the ground? Contactless card payments have been proving more of a slow burner than a big bang, and the introduction of mobile phones with embedded NFC capabilities that could be used for contactless payments has also been slow. One of the issues with contactless card payments has been that re...
16 April 2010 /payments
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