4169 Results from /regulation
Robert Siciliano Security Analyst at Safr.me
Identity theft victims don’t need Jessica Van Vliet, an assistant professor in counseling psychology at the University of Alberta, to tell them that they no longer feel safe when conducting everyday financial transactions, which most of us take for granted. But she did a study highlighting a fact that many of us in the industry have already known:...
26 August 2011 /security /regulation
Retired Member
According to a recent report by the CIFAS, fraud in the UK is up by 10 percent. Reports like this continue to show evidence that putting more and stronger locks on the door to keep out criminals simply isn’t enough; fraudsters continue to gain access and capitalise on opportunities to defraud (among others) financial institutions and their custome...
22 August 2011 /security /regulation
Roy McPherson
Having not long come back from visiting one of the Greek Islands I declare my hand as a fan of Greece, or at least its Islands. It pains me to see the problems its going through but you can’t help but wonder at the ‘spare the rod, spare the child’ attitude of the EU. In their haste to broaden the club, they rushed through the Greek application w
22 August 2011 /regulation /sibos
Brett King CEO & Founder at Moven
At an event in Indianapolis two weeks ago a banker in the audience ardently challenged me over the transparency of social networks and the subsequent risk of identity theft. There are a lot of identity theft specialists who will warn you of the risks of exposing your identity on social networks and the possibility of compromising your personal inf...
22 August 2011 /security /regulation Online Banking
Cyber scams happen to the young and the old, the rich and the poor. It doesn’t matter how good or bad your credit is, or whether or not you have a credit card. Cybercriminals target everyone, regardless of how much or how little you rely on a computer. The lowest of the lowlifes, however, tend to prey upon the weak and uninformed. And all too often...
20 August 2011 /security /regulation
The Sony Corporation has been providing consumers with stellar electronics since before the introduction of the Walkman. The past six months have been harsher for Sony, with attacks by hacktivists and numerous breaches of clients’ data. Many recent breaches involved usernames, passwords, email addresses, and in some cases, credit card numbers. Each...
17 August 2011 /security /regulation
This latest data security breach at Citi epitomises the many ways in which data can go astray. In a recently publicised case, data was stolen from Citi by external hackers. The culprits in this most recent Citi data loss are believed to be “insiders” who had privileged access to the bank’s systems. If any lesson is to be learnt from this incident...
10 August 2011 /security /regulation
Oven mittens, anyone? Investors dropped stocks like hot potatoes around the world on Monday, the first day of trading since Standard & Poor’s historic downgrade of U.S. debt. And if you’re going to lend oven mitts, make sure the borrowers have a solid reputation. In Asian stock markets, trading finished down again on Tuesday, while European st...
09 August 2011 /regulation
Future Strategic Considerations Strategic considerations at the forefront of the financial modeling industry in the next decade include: 1. Web 2.0 2. A dedicated marketplace 3. Better modeling processes 4. Stop screaming. Start listening 5. Cognitive surplus – Friend, not foe 6. People culture 1. Web 2.0 The future strategy of the financia...
09 August 2011 /regulation Financial Supply Chain
Why Web 2.0 will find Financial Modeling next A recent piece in the National Journal by Tankersley and Hirsh, “Neo-Voodoo Economics”, encouraging American’s to think more boldly about new growth and markets, rather than simplistic rethreads, prompted me to think about a few new opportunities in this space. A plethora of industries have been radi...
09 August 2011 /regulation Innovation in Financial Services
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