4442 Results from /regulation
Robert Siciliano Security Analyst at Safr.me
A Boston woman has been indicted for allegedly stealing at least 34 identities, which she was able to access from her workplace, a medical cost-management firm. “This was an extensive scheme in which the defendant used her access to the victims’ personal identifying information as a means to steal their identities, obtain credit cards in their nam...
24 June 2009 /security /regulation
Retired Member
Elliot Castro is a born-again fraudster, who now acts as an independent fraud consultant. It's fascinating to watch and listen to him speak on this recent Finextra video clip , because although he's precisely the kind of guy that my company works round the clock to stop, his keen understanding of social vulnerabilities that trump the best security...
23 June 2009 /payments /regulation Transaction Fraud Systems and Analysis
Throughout the past week or so, scammers from Nigeria, Belgium and the UK have been coming after me in full force, via Craigslist. Unfortunately, the popular online classifieds website has become a launchpad for criminal activity. Everything from online affinity or advance fee scams to baby killers and the Craigslist killer have hampered the we
23 June 2009 /security /regulation
Recently, we have seen how incidents such as public transport disruption or adverse weather, can at very short notice put unusual pressure on a company and severely impact its ability to function. Being able to cope with extraordinary circumstances is vital for financial services companies that can suffer huge operational losses as a result of un...
19 June 2009 /security /regulation
As opening new lines of credit becomes more difficult, identity thieves are gravitating toward check fraud. Check fraud is a billion dollar problem. As predicted by the Identity Theft Resource Center, check fraud, which accounted for 12% of financial crimes in 2007, increased to 17% in 2008. According to the American Bankers Association Deposit Acc...
18 June 2009 /security /regulation
A patient at a Washington state medical clinic was asked for his Social Security number numerous times. Many of us have endured this familiar process. Considering the recent buzz about identity theft, this patient became concerned about releasing his own sensitive personal data, and requested that the facility remove his Social Security number f
17 June 2009 /security /regulation
According to the Financial Times story cited in this article, Morgan Stanley and Citigroup will have to wait up to two years to gain the full benefit of their $14bn-a-year brokerage joint venture due to the complexity of merging information technology systems. But what will the industry look like in two years? That's anyone’s guess but one thin...
16 June 2009 /regulation Transaction Banking
If there were a “criminal hall of fame,” with an award bestowed on the “coolest” criminal, it would have to be a pickpocket. Pickpockets are sneaky, devilish creatures who function exactly one degree below the radar. Pickpockets whisper through society, undetected and undeterred. They are subtle and brazen at the same time. They are like a bed bu
11 June 2009 /security /regulation
Taking my daily dose of FT online, I was struck by the article entitled Count us in, maths experts tell regulator which, in summary, seems to boil down to the agreement by both Lord Turner and financial mathematicians (aka "quants") that maths is a very powerful tool if used properly by people who understand the business they are modell...
10 June 2009 /regulation /wholesale Banking Architecture
Keith Appleyard IT Consultant at available for hire
Many cities across the world are switching over to Pay by Phone Cashless Payment at Car Parks. The market leader is Verrus (www.verrus.com) who has contracts in over 100 cities across UK & North America, including Birmingham, Manchester, Oxford, Westminster, York, Chicago, Dallas, Minneapolis, Seattle, Vancouver. In order to pay you have to ...
09 June 2009 /security /regulation Whatever...
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