Robert Siciliano Security Analyst at Safr.me
Information and phisical security in every country is continually at risk as long as identifing documents can be reproduced with ease. While progress is continually made to identify and authenticate, organized criminals skirt the system. Federal and state authorities closed a metro Denver counterfeit documents ring allegedly masterminded by a Me
16 March 2009 /security /regulation
Paul Penrose Head of Research at Finextra
Want to know how Bernie Madoff swindled his billions, but only got a minute to spare? Ernie from Sesame Street explains all here. Not sure that I fully approve of Ernie's rather Tarantinoesque retribution.
16 March 2009 /regulation /wholesale Video extravaganza
An axiom in business is that we buy from and do business with those who we know like and trust. In the 21st century we have seen CEOs, investment bankers, politicians and those in the highest positions of trust completely screw everyone who put them on their pedestal. Madoff pleads guilty for orchestrating a 65 billion dollar Ponzi scheme and 3 ro...
13 March 2009 /security /regulation
Retired Member
I suspect the memorable phrase coined today by Hector Sants, CEO of the Financial Services Authority, will long be remembered as a turning point in the debate about regulatory structure. He said "a principles-based approach does not work with participants who have no principles". Go to http://www.ft.com/cms/s/0/2dbf2b7e-0ef8-11de-ba10-00...
12 March 2009 /regulation Innovation in Financial Services
In the wake of the alleged $50bn Madoff and $8bn Stanford ponzi schemes, I have to announce that I have uncovered one that’s a tad larger. A ponzi scheme is defined as one where current withdrawals are funded by current receipts. So it would seem that the UK central and local government pension schemes with unfunded liabilities of £750bn is indeed ...
12 March 2009 /regulation Finexpo
What a nasty headline for an article. From ABCnews.com the journalist roasts IT professionals on a spit. And the comments were all inspiring. As the recession rears its ugly head, disgruntled ex employees are in the best position to drop a bomb in the companies network or suck all the data out with a few terabyte drives. A recent study by McAfee a
11 March 2009 /security /regulation
I have neighbors from hell. They do everything possible to make my life miserable. And the more I talk about my awful neighbors, I find out that everyone has a neighbor they cant stand. Its everywhere. But some neighbors are much much worse. Here a local neighborhood was terrorized by a drug addicted mom and dad who had a penchant for technology
09 March 2009 /security /regulation
Who’s to blame for the destruction of bank shareholder equity? Those nasty bankers, with their eye-watering bonus plans? The regulators, who didn’t spot the bubble when it was blocking out the whole sky? Those self-serving politicians who oversee the regulators and maintain the health of the economic system that the bankers feed in? What about the ...
09 March 2009 /regulation Finexpo
If the Government is going to spray £75 billion quids' worth of petrol on the embers of the economy, they could at least do it in a way that stands the best chance of achieving something. Here's an idea. Offer people the chance to sell a stake of up to 50% or £75k, in their house, whichever is the smaller. This can only go towards reducing their ...
06 March 2009 /regulation /retail Trends in Financial Services
Mischievous hack attacks on Twitter are increasing and it seems there is no end in sight. While twitters developers are working to make it more secure, the open nature of the application fuels mischievous and even criminal hacking. Twitter is microblogging. In 140 characters or less you tell your followers what you are doing or point them toward
06 March 2009 /security /regulation
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