Retired Member
I wonder if anyone has worked out the real cost of continuing fraud, even just in the U.K. I realise that in the great totality of transactions that around £500 million isn't thought of as being all that dramatic, but is there erosion of consumer trust and does it have a cost? If the primary reason people bank is to keep their money safe, then i...
13 June 2008 /regulation /retail Whatever...
Elton Cane Digital product delivery at News Corp Australia
White-badged visitors wander the rabbit warren of interconnected halls linked by escalators and corridors. From their designated areas, eagle-eyed sales people call out people’s names from their name badges as they walk past, fishing for leads. Casually dressed technologists (and probably the odd student) stop at each stand harvesting trade show ta...
12 June 2008 /regulation Information Security
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
I notice a lot of attention in the blogosphere to this article on how the Internet (Google in particular) is turning humanity into a mass of 'thoughtless' nerds with a poor attention span and limited ability to assimiliate useful knowledge. You can read the article here -http://www.theatlantic.com/doc/200807/google The author's (Nicholas Carr) tho...
12 June 2008 /security /regulation
Investments in US dollars appear to be paying off for those who put away a dollar coin or even a cent or two from 1794. The HA Long Beach coin auctions this week showed a return of 5.75% per annum on a 1794 US$1 coin which sold for $161,000 (inc. buyer's premium). At $632,500 each, both the 1793 and 1794 large 1 cent did even better recently (50 ...
07 June 2008 /regulation Whatever...
The Identity Theft Resource Center (ITRC), a non-profit organisation involved in the fight against ID theft, has released the 2007 'ID Theft Aftermath' report. This report outlines the 'human' side of ID theft - what effect does ID theft have on victims and their responses and feelings. The report covers victims in the US and hence represents the ...
05 June 2008 /security /regulation
Uri Rivner CEO and Co-Founder at Refine Intelligence
Web 2.0 and banking seems like an interesting mix. This article (https://www.finextra.com/fullstory.asp?id=18544) actually mentions several loosely coupled items related to this: Providing online banking services through widgets in web 2.0 sites such as Facebook, Myspace and others.Integrating web 2.0 functionalities such as wikis and blogs into ...
04 June 2008 /regulation Innovation in Financial Services
There are some lovely little new systems which have well and truly taken that into account. In fact it has to be the foundation of any architecture. Robust, proven '5 nines' technology and equipment and decentralised. At the end ot the day...when you settle - so long as you can. So long as you can see what your exposure is you're ok. Of course it...
04 June 2008 /regulation Information Security
Keith Appleyard IT Consultant at available for hire
Full story available at http://www.computerweekly.com/Articles/2008/05/30/230883/password-sharing-leaves-nhs-audit-trail-in-tatters.htm Investigators have been unable to trace a doctor involved a medical blunder that ended in a patient's death because staff in a Devon hospital had been sharing passwords. The doctor whose password was being used w...
02 June 2008 /security /regulation Whatever...
Dear online fraudsters, I've got some good news and some bad news. The good news is that Christmas comes early this year: on May 27th the UK banking industry launched the much anticipated Faster Payment scheme, in which inter-bank money transfers are instantaneous. Let me actually re-phrase: that's great news for you. I bet you're all excited abo...
30 May 2008 /security /regulation Online Banking
I came across a new Index of Fear - the Unisys Security Index. See here - http://www.unisyssecurityindex.com/ This security index outlines the 'fear levels' of various countries on four areas of security: National security - security and epidemics Financial security - bankcard fraud and ability to meet personal financial obligations Internet secu...
28 May 2008 /security /regulation
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