4231 Results from /regulation
Steve Dance Managing Partner at RiskCentric
Every year brings it’s challenges - although I think it's fair to say that we enter 2010 with perhaps slightly more optimism than 2009. Nevertheless, economic trends, political events, responses to the banking crisis and technology devlopments are beginning to shape the risk agenda for 2010. Here’s my perspective on some of the issues that are
22 January 2010 /security /regulation
Retired Member
“Subramaniam went to great trouble to hide his activity. He seems to have thought that carrying data around on memory sticks and using internet cafes would somehow protect him from scrutiny. He was wrong, says Lemon” Criminals like Subramaniam are highly-organised and run professional fraud networks, but they are not immune to the power of banks’ a...
21 January 2010 /regulation
Robert Siciliano Security Analyst at Safr.me
Everywhere you go there is a privacy advocate screaming to protect your privacy. Privacy advocates, bless them, are a dying breed. They fight for whatever privacy rights there are left and do their best to remain watchdogs. If your gig is privacy, my guess is you have lost all your hair and are popping Prozac to relieve the stress of todays anti-p...
21 January 2010 /security /regulation
I recently met with a former colleague of mine who recounted a story that as first seems extreme, but which I have subsequently established to be a common problem: My contact was a risk manager in a large financial institution and he was recounting to me his experiences in implementing a risk and compliance governance system. The system had entai...
20 January 2010 /security /regulation
This post is a first in a series I will be exchanging with Allison Miller, one of my esteemed colleagues in Paypal's Risk organization, in her reinstated blog. “Man may be defined as the animal that can say "I," that can be aware of himself as a separate entity”. (Erich Fromm) “Identity” is a widely debated term, in various areas; Phil...
20 January 2010 /payments /regulation Innovation in Financial Services
I have pretty tight controls over my network and access to my 510 usernames and passworded accounts. Yes he just said “510”…and counting. I have full administrative rights over every PC and nobody else has access to my home or office. So it came as a surprise to me when I went to log into my FriendFeed account to make an adjustment and I discovere...
18 January 2010 /security /regulation
Talking to friends in a party I had to hold myself from becoming too smuggy-smug-smug. Yep, the lot of "I'm too good for Mafia Wars" geeks fell prey to the eggplant-growing rhythm of Farmville. Eggplants. My friends. I don’t even like eggplants, but still felt responsible in a way, though they’re only a drop in Zynga’s estimated 15M+...
13 January 2010 /payments /regulation Innovation in Financial Services
The Identity Theft Resource Center Breach Report also monitors how breaches occur. This task is made more difficult by the scarcity of information provided (publicly) for approximately 1/3 of the recorded breaches. For the remainder, those events that do state how the breach occurred, malicious attacks (Hacking + Insider Theft) have taken t...
13 January 2010 /security /regulation
The A5/1 encryption cypher fell last week and now the A5/3 has been cracked. Not a good week for mobile phone carriers and alarm bells should be ringing if you are planning involving the GSM association in any secure applications and perhaps you need to revisit the risk equation. For those in the know a new type of attack was used to construct a si...
13 January 2010 /security /regulation Whatever...
Is fraud in the UK getting better or worse? As we enter 2010, the picture of fraud across the UK is somewhat mixed. On one hand we have figures from The UK Cards Association showing card fraud decreasing 23 per cent to £232.8m in the first half of 2009. The reduction in fraud is largely due to the reduction in Card-Not-Present (CNP) fraud (fraud o...
12 January 2010 /security /regulation Online Banking
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