3660 Results from /retail
Robert Siciliano Security Analyst at Safr.me
Robert Siciliano Are you familiar with a “Logic Bomb”? This is a brilliant piece of code, a virus, designed for destruction. The goal of a logic bomb is to disable existing systems that may monitor data, protect it, back it up or access it. A logic bomb is designed to multiply like any virus and spread throughout a network multiplying its effects...
16 February 2009 /security /retail
Paul Penrose Head of Research at Finextra
The New York Times does a good job of reviewing The International - a new zeitgeist-tapping movie that portrays the nefarious activities of a fictitious international bank dubbed IBBC. As the NYTimes reviewer wryly observes: "That multinational weapons manufacturers can be portrayed as more decent, civic-minded and principled than global fina...
16 February 2009 /retail /wholesale Whatever...
Retired Member
So, we have contractual issues that mean lots of people in banks need to be paid bonuses. So be it. Pay them then, but here's how it should be done. 1) The first £5,000 in bonuses should be paid in cash. That should mean that most lower-level people in the banks get the cash they deserve - i.e. those who work hard at the coal face, in branches ...
16 February 2009 /retail Transaction Banking
Unless of course you're flogging them. If it is secure - why the low limit? Of course if you allude that it is secure and ask the consumer they all want to appear bright by answering 'Convenience'. Unfortunately it is unlikely to be very convenient and even less so when the obvious happens. Ask the consumer - "They wouldn't introduce it if it...
14 February 2009 /payments /retail Whatever...
Looks like New York's tenacious attorney general Andrew Cuomo has blown a gaping hole in the latest line of defence used by desperate bank chiefs to shore up bonus pools: ie that the bonus culture also rewards the blameless army of humble branch and back office staff who work hard day-in, day-out to keep the backing industry ticking over. The argu...
12 February 2009 /retail /wholesale
So ... we have ourselves a load of bankers (Is the collective term a "wunch"?) who are all very sorry about the fine mess they have got us all in to. Perhaps they didn't know what was going on. Perhaps no one had the decency to tell them they were all heading for the cliff top. Perhaps they had more pressing things to think about. M
11 February 2009 /payments /retail
The world's biggest software maker has warned companies to expect an increase in "insider" security attacks by disgruntled, laid-off workers. With millions losing their jobs there are a plethora of opportunities for insiders to upload data to a remote rogue server or to plug in an iPod, thumbdrive or other external source and steal cli
11 February 2009 /security /retail
Admittedly, I only saw the news reports last night, but I can’t help having the feeling that the Treasury Select Committee missed a great opportunity yesterday. What the news reports showed was our legislators behaving like little more than adolescents, asking the four big nobs pretty juvenile questions, instead of getting to the heart of the iss...
11 February 2009 /retail Transaction Banking
More competition in the already hyper competitive payments market. A new entrant noca.com is challenging the supposedly old guard. I suppose you can call Paypal old guard even though lots of people still haven't heard of it - they do have hundreds of millions of users. Problem is I think with Noca you won't get points on card purchases because of t...
11 February 2009 /payments /retail Innovation in Financial Services
Alex Noble Account Director at McAfee
I appreciate the BBC Radio's weekly personal finance program 'Moneybox' may not be something that all of my blog readers are aware of, but this week it's been looking at speech recognition and biometrics as a way of authenticating customers. The article on their website is here and the podcast/recording is here. The reason for the interest is t...
09 February 2009 /security /retail
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