4168 Results from /regulation
Robert Siciliano Security Analyst at Safr.me
“Money mules” may be unsuspecting Americans who act as shipping managers, do the dirty work for the bad guy, and open bank accounts, too. Sometimes the mule may be foreign, traveling to the United States specifically to open bank accounts. Mules often get hooked into a “small business” or employment that is a function of a criminal enterprise. The ...
03 September 2010 /security /regulation
Keith Appleyard IT Consultant at available for hire
M86 Security (www.m86security.com) have published a (13-page) white paper on a recent online banking attack which resulted in £675,000 being stolen from approx 3,000 customer accounts at an (unnamed) UK Financial Institution in the 30 day period from 5th July. Multiple techniques were used to spread malicious code, including infecting legitimate w...
03 September 2010 /security /regulation Whatever...
Thieves appear to have stolen the funds from University of Virginia after compromising a computer belonging to the University's Financial Controller. Malware intercepted the Online Banking Credentials for the University's Bank accounts and initiated a fraudulent wire transfer for $996,000 to a Bank in China. Whereas, because of a £10,000 per day ...
02 September 2010 /security /regulation Whatever...
Lachlan Gunn Executive Director at European Association for Secure Transactions
The European ATM Security Team (EAST) is asking this question in its latest on-line research poll. Well would you? Such technology, both palm vein and finger vein is relatively common in Japan and also in use in Brazil. Other countries such as India are apparently looking to roll it out. Hmm. To date only 24% of the respondents would be happ...
01 September 2010 /security /regulation
According to the NY Daily News, Iguosade Osahon, a 28-year-old Nigerian-born student, has been charged with stealing the identities of 750 victims and used the $500,000 he stole to buy Rolex watches, Louis Vuitton bags and jewelry at Tiffany & Co. He stole his victim’s personal info by trawling online data traffickers for personal information
01 September 2010 /security /regulation Whatever...
John Cant Managing Director at MPI Europe Ltd
My 16 year old sports mad son read a book by Ed Smith, an Anglo Welsh county cricketer, over the summer entitled ‘What Sport Tells Us About Life’, and was mightily impressed. The book’s brilliance – he tells me - stems from the recognition that sport is life in miniature, and that if you analyse sport you find a mine of information about war, mo
01 September 2010 /regulation /wholesale Innovation in Financial Services
Angus Stewart CEO at www.e-solutions.uk.com
Is it me, or is the news really as unnewsworthy as I think it is? In recent days we have been hit with headlines galore that would leave the average person thinking the UK is in the middle of a major fraud epidemic. The claims I have seen splashed all over the media this week alone include insurers being ripped off left, right and centre by ‘cras
31 August 2010 /security /regulation
Retired Member
You may recall in my last blog posting ‘The Wolf is at the Door – if he huffs and he puffs can he blow the bank down?’ we started to explore the scenario of hikes in interest rate and the impact upon commercial lending books. The blog seems to have resonated with a number of you judging by the comments I received over the past couple of last week...
31 August 2010 /regulation /wholesale Innovation in Financial Services
Once again one hears of a Building Society not encrypting its laptops, coupled with poor physical security and password management by its employeees. In this instance, an unencrypted laptop belonging to the (former) Chelsea Building Society (which in April 2010 merged with Yorkshire Building Society), was stolen from its Cheltenham premises. It bel...
30 August 2010 /security /regulation Whatever...
As reported in the New York Times : www.nytimes.com/2010/08/22/business/22digi.html Papers filed in court allege that over a 4 year period, thieves created fictitious Merchants through use of accommodation addresses and stealing other peoples identities, charged more than $10 million on consumers’ credit and debit cards, and then moved the money...
30 August 2010 /payments /regulation Whatever...
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