4163 Results from /regulation
Cedric Pariente Stanford Certified Project Manager at EFFI Consultants
Definitions Your Home Equity is the difference between the market value of your house and all the mortgages you have on it. In proper English it means: The more you reimburse the loan on your house, the more your house belongs to you. And the more your house belongs to you, the more you can borrow in exchange of this “increase” of your personal as...
12 February 2010 /regulation Online Banking
Robert Siciliano Security Analyst at Safr.me
A Texas bank is suing one of its customers who was hit by an $800,000 online bank theft that could determine who is to be held responsible for protecting their online accounts from fraud. Computerworld reports Romanian and Italian based criminal hackers launched numerous wire transfers out of the client’s back account. The bank recovered $600,000 ...
12 February 2010 /security /regulation
Retired Member
When something happens for the first time - it's avantgarde. If you see it twice - it's original. On the third time - it's plagiarism. On the fourth - it's pastiche. But when it happens for the fifth time - it's a genre... (Anonymous) In the never ending discussion on innovation vs. execution (see Sara Lacy's great post here) I tend to be an avid...
10 February 2010 /payments /regulation Innovation in Financial Services
Looking at the themes for next week’s GARP conference, how can anyone be anything but rallied by this year’s bold theme, “Transforming Risk in a new world order”, and the acknowledgement that the financial crisis has highlighted the need for “an expanded and improved risk management function”. So what shape will this new and improved risk manage...
08 February 2010 /regulation Data Management 101
A recent study by Dutch investigation firm Ultrascan shows we are half as smart (or twice as dumb) as we were in 2008 as advanced fee scams doubled in losses to over $9 billion. 419 Advance Fee Fraud Statistics 2009 (PDF) It is believed that while the scams are known to be Nigerian in nature, coined after the 419 Nigerian code making them illegal...
08 February 2010 /security /regulation
Malicious software designed to gather usernames and passwords has been a boon for the criminal hacking community. Spyware as it’s commonly known records almost everything a user does on their PC. The most damaging spyware records all electronic communications via a web browser. That’s where the most damage can be done and the money is made. Recent...
07 February 2010 /security /regulation
The Internet has made our personal and professional lives very transparent. We now live in the fishbowl. Despite what many will argue, your privacy is no longer fully in your control. Your online identity is also something that others can control, and you need to do your best to manage it. Managing your online reputation and protecting it is equiv...
Police believe they may have uncovered an international ATM “skimming” ring responsible for stealing money from hundreds of local accounts. Izaylo Hristov, 28, of Ontario, Canada, a Bulgarian citizen, was arrested at an ATM in the Boston area along with Viadiclav Vladevo and Anton Venkov. Venkov had $99,100 in $20 bills in his car when he was arr...
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
While consolidation in the trendy CEP market is very big news - it is worth taking a step back and looking at the true market penetration for complex event processing the financial services. CEP collects related and unrelated real-time and historical data and events, business logic is then applied to those events to detect patterns and conduct anal...
05 February 2010 /regulation Data Management 101
This week CIFAS, the UK’s Fraud Prevention Service, published its 2009 annual fraud statistics, and in line with expectations, the number of people affected by fraud continues to increase. Since the recession started to bite 18 months ago the general view has been that fraud increases in a recession and fraudsters change their tactics depending on ...
05 February 2010 /security /regulation Online Banking
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