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Duivendrecht

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2018

Victor Van Rij

Foresight Expert at EUIRD

Posts: 0 Comments: 8

Victor is Commenting on

Anti Financial Crime and the launch of HotScan

Mr. Macek, states that "the client" demands delivery of sevices like instant payments in seconds. This seems logic for normal sales activities where shopkeepers and internet salesman want to have immediate payment for their goods and services, but it is very doubtful for international paymenst of larger sums of money (like thousands of dollars) that are internationally transfered immediately without any contractual basis. This seems to be used mainly by criminal clients and is clearly not the demand of normal clienst that only can be robbed because of this kind of (irrevocable) transfers in seconds.

28 Dec 2018 Reply Read article

UK Finance proposes payments tax to compensate fraud victims

Dear Kethamaran, I may agree when the fraud would be a simple fraud where you make a payment and dont get delivered , but the article is not covering the features behind the APP , which ususally go beyond a not delivered good or service. That is the practice that , criminals use the features of the banking payment system either to break into the payment (to change its outcome) or to create falsified payment environments to steal the codes of clients that can be used to rip off the accounts of these clients. In this area the reponsibility of banks is far greater. I hope you agree

16 Oct 2018 Reply Read article

UK Finance proposes payments tax to compensate fraud victims

Dear David, I hope you understand that the scams we are talking about, are not comparabe with normal scams where people talk money out of your wallet. Wallets which in most cases will not contain all of your money. I think we should all look at the Swedish model because it gives the right incentives to the banks to look how they can make their system more resilient also in an age of social engineered real time payments and scams. Scams that use the weak spots of the banking systems and the way clienst use these systems. This is not only about better encryption but about an eye for the interaction of social engineering and the client system interface plus brainstorming on the potential steps of cybercriminals to break into this. The beauty of the Swedish systems is that it places the largest burden on the banks who have the best opportunity to make their own systems more safe but also assumes some responsibilty of the clients(own risk) and also fights any fraudulant actions of customers with ill will.

15 Oct 2018 Reply Read article

UK Finance proposes payments tax to compensate fraud victims

Dear Ketharaman ,You remarked " (a) Nobody forced the Payor to use Faster Payments (b) Payor transferred the money to whoever out of their own free will and volition." This is not true with the regular internet scams that take place. It is known that scammers ask for small payments on (copied and real) screens of the banks (which indeed sometimes are made voluntarily, but also under threat of destroying your pc) and that the scammers seem to have possibilities to change the amount and the accountnumber where the money goes to. So it is not regular fraude but fraude using the sytem for payment created by the bank. Moreover the cammers also use the codes that they steal for small paymenst not just to higher one payment but also to rip saving accounts connected to the payment account and also the security settings that client put in. This is because many banks use the same safety procedure for normal payments as well as for the change of safety settings (also almost real time). This is a systemic fault of the bannks , which tenfolds the damage in ordinary scams that already take place for 15 or 16 years and has everything to do with the attempts of the banks to create the real time tranfers world,without asking clienst if they want this.

15 Oct 2018 Reply Read article