Latest opinions that Pat Carroll has shared on Finextra

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Pat Carroll

Founder/Executive Chairman

ValidSoft

Member since

17 Mar 2011

Location

London

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Pat's opinions

Is the Micro-merchant a new Threat?

Is the Micro-merchant a new Threat? Safeguarding from micro-merchants’ fraud Making a payment to a plumber, window-cleaner or nanny – otherwise known as “micro-merchants” – couldn’t be easier or more convenient, thanks to innovative companies such as Square, Spindle and iZettle which have pioneered the dongle-based payment for mobile Retail Paymen...

25 February 2013 /security Innovation in Financial Services

Could EC3 help Europol see sense?

This month, we saw Europol’s launch of EC3, the new European Cybercrime Centre that aims to be at the heart of combating cybercrime in the EU. As I blogged back in July 2012, it’s fantastic the EU recognise cybercrime as a serious enough issue to warrant a dedicated centre. In my opinion EC3 can help protect Europeans and businesses against mountin...

25 January 2013 /security Information Security

Dexter malware, targeting Christmas shoppers

The holiday season is a prime time for fraudsters to target consumers' credit cards and it's not surprising that Dexter has come to light a week before Christmas. Dexter is yet another malware variation that targets point-of-sale purchases by skimming debit and credit cards and stealing account holders' details for subsequent fraudulent use. Dexte...

20 December 2012 /security Information Security

Looking back at 2012 and ahead to 2013

On data breaches and forms of attack: resistance is futile In 2012, we have seen an increasing number of sophisticated attacks made on a range of organisations in an attempt to capture consumer information. In 2013 we should not only expect such attacks to escalate in terms of frequency and significance, but for traditional defence technologies t...

17 December 2012 /payments Innovation in Financial Services

Why has Eurograbber been able to do the damage it has?

Eurograbber, a Trojan that transfers itself from a user’s PC to their mobile phone has come to light, reportedly having so far defrauded banking customers out of over €36m. The simple reason for this is that many banks are reliant on SMS as a means of authenticating the user and hence authorising online transactions. Because Trojans such as Eurogr...

10 December 2012 /security Innovation in Financial Services

ID Theft is number 1 security concern for consumers

This week ACI Worldwide released their global survey which finds that a quarter of people across the 17 countries reviewed have been affected by card fraud during the past five years. In particular, 42% of Americans and 34% of Brits admitted they have fallen victim. From this research I found two insights of interest: firstly that identity theft r...

21 October 2012 /security /payments Innovation in Financial Services

Ringing into the next social generation of online

BT recently conducted a survey amongst 1000 of its staff in a bid to gauge their attitudes and approaches to online security. What caught my eye about this survey is the simple fact that going online is an everyday occurrence and it made me think about just how far we have come with the internet. Most of us are reliant on the internet for our shop...

02 October 2012 /security /retail Online Banking

What can Project Oscar learn from Bradley Wiggins?

Project Oscar, the mobile wallet grouping between Vodafone, O2 and Everything Everywhere, has had the go ahead from the European Commission to develop a single mobile wallet platform hosting cards, coupons and transactional information on the SIM card. If you think about it, the race for dominance in mobile wallets is rather like the Tour de Fran...

11 September 2012 /security /payments Innovation in Financial Services

The cost of e-crime: a wake-up call for the retail industry?

The recent findings of the British Retail Consortium’s first e-crime study which estimates that UK retailers lost over £205 million in 2011-2012 due to e-crime caught my eye recently – particularly the estimate that £77.3 million came from actual fraud losses. The most costly form of e-crime for retailers was personal identification-related fraud,...

29 August 2012 /security /retail Innovation in Financial Services

Experian figures show just why we need EC3

Experian figures show just why we need EC3 and an industry strategy for countering Cyber Crime Following recent news from Experian that more than 12 million pieces of personal information have been illegally traded over the internet in the first four months of 2012 got me thinking about whether there is a disconnect between people’s attitudes to s...

24 July 2012 /security Information Security

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