4169 Results from /regulation
Angus Stewart CEO at www.e-solutions.uk.com
Insider fraud – a crime committed by members of staff – is now one of the biggest security threats posed to businesses in the UK. I estimate the cost to UK financial institutions is astronomical. Mortgage lenders and building societies lost more than £500 million in 2009 to this growing menance – and all the signs are this figure will rise in 201
29 September 2010 /security /regulation
Recently my attention was drawn to the comments made by a leading think-tank that claimed a “confusing hotchpotch” of reporting obligations is hindering UK companies in their fight against fraud. The Fraud Advisory Panel (FAP) is urging the government and UK plc to develop a more consistent approach to combating corporate fraud, which costs Britis
27 September 2010 /security /regulation
Robert Siciliano Security Analyst at Safr.me
This story is about a victim of criminal identity theft. The victim is a trucker who discovered that his identity had been stolen when his commercial driver’s license was suspended because the thief who stole his identity had been busted for drinking and driving on four different occasions. Imagine. The consequences of identity theft are often so ...
I’ve said it before, use upper and lower case, use number and letter combinations and when possible, if the website allows it, use special characters. It has been documented that “Adding just one capital letter and one asterisk would change the processing time for an 8 character password from 2.4 days to 2.1 centuries.” It is great advice to stren...
22 September 2010 /security /regulation
September is National Campus Safety Awareness Month. I helped Uni-Ball conduct a survey of 1,000 college students and 1,000 parents. The survey revealed that while about 74% of parents believe students are at a moderate to high risk for identity theft, and 30% of all identity theft victims are between 18 and 29, only 21% of students are concerned ...
21 September 2010 /security /regulation
Retired Member
Despite uncertainty around Basel III – specifically whether banks will have enough capital, and issues regarding their risk and exposure, the legislation doesn’t seem to be as onerous for banks as once thought. And what’s more, it actually has the potential to increase M&A activity in the financial sector. The recent stress tests, conducted to...
20 September 2010 /regulation /sibos Innovation in Financial Services
If you're a business that regularly uses casual staff in order fulfil commitments to customers and keep running costs down, then you may wish to consider revising your business strategy! Why? Because you could be putting your organisation at serious risk from the growing menace of a phenomenon known as ‘insider fraud' - and could lead to your cust
20 September 2010 /security /regulation
Despite recent news reports that the Basel III liquidity requirements are to be pared back, financial institutions are still facing vast regulatory challenges. They already have to hold more capital and liquidity, as well as report on this daily. Going forward, institutions will also have to demonstrate the processes and controls used to put tog
16 September 2010 /regulation
Technology is meant to make life easier, safer and in some cases fun-er. Geolocation is supposed to make you save a few bucks on discounts when you “check in” at participating retail stores and gather “points”. It is also supposed to tell your friends and followers via geo-tagging that you just snapped a photo somewhere. However there is nothing ...
15 September 2010 /security /regulation
iTunes users all over the world are being hooked in a possible phishing scam that siphons cash out of their PayPal accounts. Phishing scams, of course, consist of emails that appear to be coming from a legitimate, trusted business. These emails are often designed to trick the victim into revealing login credentials. Once the phishers have access t...
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