4301 Results from /regulation
Robert Siciliano Security Analyst at Safr.me
In 2007, a U.S. couple fell victim to identity theft when a criminal accessed their online bank account and stole $26,500 from a home equity credit line. The money was transferred to an Austrian bank that refused to return the funds to Citizens Financial Bank. So Citizens Financial informed the couple that they were liable for the loss. When the c...
16 September 2009 /security /regulation
Retired Member
That’s the question that Joseph Yam, CEO of the Hong Kong Monetary Authority, asked the Sibos audience in this afternoon’s welcome address. Specifically, why did it take so long for Sibos to come back to Hong Kong, having last been here 18 years ago? (I agree we should have come back sooner! ) Mr. Yam reflected on the witnessed over that time. Ref...
14 September 2009 /regulation /sibos SWIFT Matters
Stanley Epstein Associate at Citadel Advantage Group
It was fascinating, listening to Tony Lomas and Steven Pearson from accountants PWC, give an account on the BBC of events a year ago inside Lehman Brothers Europe, at the moment that the rug was pulled so-to-speak. Messrs Lomas and Pearson now control the winding up process of what some say was the world's largest ever insolvency Two observations ...
12 September 2009 /regulation
Ever click on a link in an email or while browsing online, and something just wasn’t right? The domain name in the address bar was off by a letter or two? Or a word was misspelled? Maybe there was a number tossed in for good measure? This is either cybersquatting or typosquatting, and it’s a problem. Cybersquatting is the act of procuring someone ...
12 September 2009 /security /regulation
Skimming is one of the financial industry’s fastest-growing crimes, according to the U.S. Secret Service. The worldwide ATM Industry Association reports over $1 billion in annual global losses from credit card fraud and electronic crime associated with ATMs. Skimming can occur in a few different ways. The most common is when a store clerk takes yo
10 September 2009 /security /regulation
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
It is not too late to register for our web cast on risk and regulation in financial services - Be Afraid or Be Ready - sponsored by Adobe. The live event will take place at 14:00 BST on Thursday, 10 September 2009. Regulatory reporting has long been seen as an onerous and manually intensive process. The threat of more frequent and more detailed rep...
09 September 2009 /regulation /wholesale
A recent Unisys study found that, in the midst of the global financial crisis, American's primary fear is credit and debit card fraud. 68% of those surveyed are extremely or very concerned about the security of their credit or debit card data, and 66% are extremely or very concerned about identity theft. Compare that to 58% who are extremely or ve...
09 September 2009 /security /regulation
This week Oracle announced the release of a cross-channel fraud management capability for bank's that draws on the database company's intregrated real-time capabilities. This is a step in the strategic direction we call for in the Javelin Customer Driven Architecture model that we released in a report a couple of months ago, but these systems will...
04 September 2009 /security /regulation
The feds are getting better at busting criminals every day. Seventeen criminals, many from Eastern Europe, pilfered more than 95,000 stolen credit card numbers and $4 million worth of fraudulent transactions. The New York Times reports the men were involved in a vast conspiracy known as the Western Express Cybercrime Group, which trafficked in sto
Cash management - think of the carrot, not the stick As the FSA’s deadlines for liquidity compliance draw closer, the topic is constantly in the press and is receiving plenty of lip service. The FSA estimated that the combined cost to the industry will be £150-200m, which will likely echo the Olympics 2012 budget and fall far short of the true c...
01 September 2009 /regulation /wholesale
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