4449 Results from /regulation
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
One of my former collegues once started a panel discussion on buy side technology by saying "Technology means nothing unless it has a business use." He had a very valid point. The trendiest, up to the minute technology is all fine and dandy, but if you can't trade, invest, process with it--who cares? The same can be said for data. There i...
01 July 2009 /regulation Data Management 101
Retired Member
Given the ongoing debate about "too big to fail" and whether we should head back to the days of the Glass-Steagal Act, then here is a slightly different slant on the problem of systematic risk put forward in an article by Avinash D. Persaud. In the article, Avinash makes the very good point that increasing capital requirements across th...
30 June 2009 /regulation /wholesale Data Management 101
Paul Penrose Head of Research at Finextra
The Bank for International Settlements thinks that financial instruments should be classified like medicinal drugs to protect investors and prevent firms from excessive over-indulgence in potentially lethal or toxic products. "The safest securities would, like non-prescription medicines, be available for purchase by everyone," says the ba...
29 June 2009 /regulation Whatever...
It has just been announced that an IBM Researcher has solved a thorny mathematical problem that has confounded scientists since the invention of public-key encryption several decades ago. The breakthrough makes possible the deep and unlimited analysis of encrypted information – data that has been intentionally scrambled -- without sacrificing con
25 June 2009 /regulation
Robert Siciliano Security Analyst at Safr.me
Most people are familiar with the TJX data breach, in which 45 million credit card numbers were stolen. TJX recently agreed to pay $9.75 million to 41 states to settle an investigation of the massive data breach. According to some reports, TJX has spent up to $256 million attempting to fix the problem that led to the breach. It’s been said repeat...
25 June 2009 /security /regulation
Citi's recent announcement of a potential deal to sell off IT assets confirms that no matter what the century or circumstance, most things never change. I had high hopes that Citi would emerge from their current troubles as a leaner and stealthier competitor in the global market, but that hope is diminishing in light of their "death by a thou...
24 June 2009 /regulation /retail
Alistair Kelman barrister and forensic computing expert at Self employed
This autumn the world of forensic science and computing imaging is going to impinge upon the reality of anyone who may need to litigate. A new Practice Direction and a new E-Disclosure Questionnaire will mean that lawyers and their clients are going to have to either perform a detailed analysis of the digital evidence issues in every case or del
24 June 2009 /security /regulation
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...
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
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