4163 Results from /regulation
Retired Member
Does this have any relevance to western 'micro-credit' or consumer credit cards? I notice the default rate heading over 10% for credit cards. This is a quote from a World Bank site discussing microfinance. "Let’s start with the concept of a loan loss rate–the percent of my loan assets that I lose in bad loans each year. As it happens, the maxi...
17 October 2009 /regulation Whatever...
Robert Siciliano Security Analyst at Safr.me
Recently Microsoft, Yahoo, Google, Comcast and Earthlink announced thousands of email addresses and their passwords were phished by identity thieves and posted in an online forum. One report suggests the emails phished could be up to a million victims. Researchers parsed the hacked passwords and broke them down into categories based on their level...
16 October 2009 /security /regulation
I make a portion of my living talking about identity theft. Admittedly, I profit from the crime. I don’t steal identities of course, but I get paid because others steal. I’m not FBI, CIA, Secret Service or a cop. But you wouldn’t disparage any of those entities for doing their jobs to protect you from bad guys. I talk about this issue all day, eve...
15 October 2009 /security /regulation
Recent reports abound of consumers email account being phished and American and Egyptian authorities arresting dozens of people in an online fraud crackdown for phishing scams. Its time to revisit the fundamentals of how to prevent phishing. Nobody can do this better than the Anti Phishing Work Group Phishing Defined Phishing is a criminal mech...
14 October 2009 /security /regulation
Really, John, ABS CDO's and CDO's squared were so complex that noone had any hope of understanding them ? and this is proven, in that modeling them on "one of the fastest computers in the world" took three hours ? Please leave the boardroom hyperbole for your next $10,000 wastebasket job, sir. Did Merrills really own a IBM BlueGene, a Cr...
13 October 2009 /regulation
US and Egyptian officials have charged 100 people with orchestrating a phishing scam that robbed a$1.5m from Bank of America and Wells Fargo customers. 53 criminals from CA, NV and NC were named in an indictment. This is the largest ever charged in a cybercrime case. Officials in Egypt nabbed another 47 people. Egyptian criminals phished account nu...
10 October 2009 /security /regulation
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
"Speaking at a WFE conference in Vancouver, Federation chairman William Brodsky, said: "We've allowed the technology and the evolution of these markets to run way ahead of the regulators' ability to understand them." Hmmmmmm... First off let's just remind ourselves that 'dark pools' have been around for a while - what is new is that ...
09 October 2009 /regulation
Hotmail, Earthlink, Google, Yahoo, Comcast and other web-based email users have been giving up al their login details to phishers and current estimates are as many as 1 million accounts may have been compromised. News of the scam broke when technology blog neowin.net reported an anonymous user had published confidential details on pastebin.com. Int...
09 October 2009 /security /regulation
Passwords and forms harass and mock me every day of my life. Everywhere I go there is a big burly bouncer who is the password gatekeeper and he needs a beating. He won’t let me in or by the velvet ropes unless I know the secret code. Most of the time I know what he wants, but because I have so many passwords to remember (last count is 456, but les...
08 October 2009 /security /regulation
Today’s figures from Financial Fraud Action UK are both good news and bad news for UK banks and consumers. The fact that card fraud losses have dropped 23 percent recognises the work that the banking industry in the UK has done to introduce tools such as real time monitoring and blocking of transactions, EMV, or authentication products such as CA...
07 October 2009 /payments /regulation
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