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Is there anyone out there in either the real or cyber world that is in the least surprised by this article? For me the only surprise is that it's taken the fraudsters so long to latch onto Facebook. E...
It is a fair question. Most fraud is card based, law enforcement claims money from fraud goes to fund terrorism (and drug, etc). Customers have to wonder at the real price of the billions of dollars i...
There have been countless risk conferences and countless hours spent by risk managers over the years on the importance of understanding and mitigating risks in the markets. The sad fact is that recent...
One of the processes that needs to be examined, as the world's authorities work out how to change the financial infrastructure for the better, is the process of automated and remote credit scoring and...
Welcome to a new world! Following a phase of brutal consolidation, investment banking will be carried out by a handful of huge commercial banks themselves under direct or indirect control of governmen...
With the sum of $600 trillion CDS, it now looks as though the sub-prime crisis is a relatively benign subject. It is safe to say that a lot of these CDS' spread have increased because of the current e...
Tower Group is the latest research company to announce that there will be cuts in IT budgets for next year after the banking bailouts. Does this stand up to scrutiny as only a few short months ago mos...
As the Central banks across the world are pumping money into banks and the rest of the economic world watches the bailout, it is no wonder that every entity now wants to be a bank. And why not, you le...
French police have arrested six people in their investigation into the high-profile fraud attack on President Sarkozy, but believe they are only minor figures in a wider plot. What's more interesting ...
It's not often that you see a full breakdown of exactly how much money a bank has spent on different projects within its overall IT budget. At least not in the public domain. But at Westpac's earnings...
I found this news release by the FBI quite amusing - http://www.fbi.gov/page2/oct08/threatletters_102308.html It seems 'a series of threatening letters filled with an unknown powder started showing u...
At this week's Corporate Finance forum the financial crisis was, as expected, at the top of the agenda. Two speakers presented equally doom laden news and the general mood was as downbeat as you can ...