4169 Results from /regulation
Robert Siciliano Security Analyst at Safr.me
For the past decade, much of banking has taken place online, after hundreds of years of traditional banking. Banks have streamlined their processes, but must also cope with fraud. With banks absorbing billions in losses, consumers also pay. In a recent survey of 1,000 U.S. residents, 60% responded that dealing with fraud is the banks’ responsibili...
13 June 2011 /security /regulation
Retired Member
Favourite quote of the week from the internet "LulzSec is running around pummelling some of the world’s most powerful organisations into the ground… for laughs! For lulz! For shits and giggles! Surely that tells you what you need to know about computer security: there isn’t any." ipso facto With a change of tactics and broadening of the m...
11 June 2011 /security /regulation Whatever...
Wayne Riches Senior Product Specialist at Sungard
Want to start a hedge fund? It’s easy right? You open an office in Mayfair, employ some of best talent in the industry and get trading. So how difficult can it be? It’s a topic I have debated over with friends and colleagues alike. The Dodd-Frank legislation is causing the winding down of proprietary trading desks across the board and is presen...
09 June 2011 /regulation
As more businesses move to "the cloud," one sector has generally remained a hold-out – banks. Financial institutions have been slow to rely on third-party cloud services, mainly due to perceived security concerns. Now, this may be changing as data increases and as managing all of it is put to the test. In anticipation of potentially 500 ...
07 June 2011 /security /regulation
As I ask the question I can hear the thud of exasperation from overworked network administrators. Surely not another awareness day or preparatory day for the masses; haven’t network administrators enough work to handle. Well, I suspect they do, however World IPv6 Day does have a serious intent. World IPv6 Day is scheduled for June 8th and
07 June 2011 /security /regulation Information Security
So, Sony got hacked. Again. According to Lulzsec, the collective who hacked internal Sony networks and websites, they compromised over 1 million accounts, including admin details and passwords, along with 75,000 "music codes" and 3.5 million "music coupons". What caught my attention in the LulzSec statement was the following: &q...
06 June 2011 /security /regulation
Online banking is great. I highly recommend it. But if you aren’t careful to keep your computer secure, getting hacked can turn your online banking session into a nightmare. OddJob Trojan is the latest in malware and yet another reason to beef up your computer’s security. OddJob hijacks online banking sessions, keeping users’ accounts open after th...
05 June 2011 /security /regulation
More than 90% of online purchases are made with cards, whether they are credit, debit, or gift cards. A virtual payment that takes place online or over the phone, without physical inspection of the card, is considered a “card not present” or CNP transaction. In a CNP transaction, it is not possible to examine a card’s security features or signatur...
02 June 2011 /security /regulation
This is what I read on employee fraud by the Financial Services Authority “one of the most serious threats”; an employee knows the inside story of process weaknesses and is often with collusion with an outsider by infiltration as in the case of BofA. Statistics indicate that 60% of frauds are by internal staff (full time employees, contractors or ...
28 May 2011 /regulation /retail Internal Auditors in Financial Services
The Federal Bureau of Investigation recently issued a warning about ACH and wire transfers being routed to China after discovering that millions of dollars were being lost in bogus transfers. The scheme is aimed at U.S. small business accounts where the fraudsters are unleashing Zeus and other malware on unsuspecting commercial customers who unknow...
27 May 2011 /security /regulation
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