172 Results from 2008, /security
Elton Cane Digital product delivery at News Corp Australia
Fox News has been dogged in its pursuit of scandals going on at the World Bank, including the hacking cases we wrote about in October. To add to Satyam's recent woes, they have now confirmed that Satyam has been banned from working for the World Bank for eight years, starting from September. Apparently the punishment has been meted out for paying ...
23 December 2008 /security /wholesale Information Security
Retired Member
:-) Getting warmer... Using VBV is very much like locking your front door but leaving your windows open. I have said this in 2001 to a VISA security executive : "VBV or 3DSecure's weakness is that it requires ALL online merchants to participate in order for it to work". The solution is quite simple. This really isn't brain surgery. VIS...
17 December 2008 /security Transaction Fraud Systems and Analysis
Well, at least they do in the US when it comes to protection of personal data. Despite frequent stories about data being handled irresponsibly in the industry, six of the top 20 firms in the Ponemon Institute’s fifth annual survey of Most Trusted Companies for Privacy are financial services firms - and American Express holds on to the no. 1 slot fo...
17 December 2008 /security Information Security
Uri Rivner CEO and Co-Founder at Refine Intelligence
In light of the festive season I decided not to post anything about new threats and emerging headaches. Instead, I decided to shed some light on the work of the good guys. To the good guys! The post below is based on true events. * * * It was early afternoon time at the large, aquarium-shaped room. The set of huge LCD screens at the front of the Co...
16 December 2008 /security Online Banking
Toys R US' comments made me laugh. If police found that the skimming device was used to save PIN and card numbers (meaning that Toys R Us accepts pin authenticated card transactions), then why would Toys R US comment that it wants to see CHIP and PIN introduced in Sweden? So that there will be more standalone terminals requiring PIN and deliver mo...
16 December 2008 /security Transaction Fraud Systems and Analysis
Despite chip and pin and its promise to secure card transactions, what makes the PEN still mightier than the PIN? The answer has something to do with interchange fees and security (zero liability for cardholders). Banks earn more when their cardholders use their cards with the PEN (signature) or when their cardholders use their debit cards as credi...
15 December 2008 /security Business Knowledge for IT
Steve Ellis Founder at Finextra Research
Given the subject of identity comes up fairly frequently within the Finx blogs, especially in relation to security, it may be of interest to know that Microsoft has hired Dick Hardt to support its efforts to solve identity management problems. Dick explains his move here. Dick Hardt sprang to wider fame when he delivered the infamous (as in infam...
10 December 2008 /security Finance 2.0
Paul Penrose Head of Research at Finextra
The Washington Post's Security Fix blog has dug a little deeper into the attack on CheckFree's bill payment Website last week. CheckFree has admitted that hackers had, for several hours, redirected visitors to its customer login page to a Web site in Ukraine that tried to install password-stealing software. But the company has said little else abo...
08 December 2008 /security /retail
This kind of news actually make the Central Bank of UAE and authorities in the UAE truly 'seem' uninformed. Anyone in the payment security business (fraudsters as well) know that this will not solve the ATM fraud problem. IRIS scanning is a costly solution as it is quite expensive to equip ATM machines with this capability. But what makes it a non-...
04 December 2008 /security Transaction Fraud Systems and Analysis
Brian Krebs at Security Fix reports that Apple appear to have made an interesting U-turn on the whole virus on a Mac thing. "Apple encourages the widespread use of multiple anti-virus utilities so that virus programmers have more than one application to circumvent, thus making the whole virus writing process more difficult". Full suppor...
02 December 2008 /security
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