294 Results from 2010, /security
Nick Ogden Chairman at Ogden Research
The Federal Reserve Bank of Atlanta recent report on the risks of mobile payment transfers, highlights the numerous security issues that must be addressed in order for widespread adoption in developed economies. Mobile payments require a whole new approach to security and this will require an unprecedented degree of cooperation between the telec...
24 November 2010 /security /payments
Retired Member
Ever clicked send on an email, and instantly regretted it? I think we’ve all been there – but perhaps not to the scale of one UBS employee this week, where a small error has created some rather significant repercussions. Yes, this is the story of a UBS employee who inadvertently sent an email containing financial details of the then client General...
23 November 2010 /security /regulation Information Security
Andy Morris Risk Business Solutions Consultant at ACI Worldwide
It is worthwhile remembering that there is actually more than one victim involved in Direct Debit fraud. The Paying Bank executes the payment against a fraudulent direct debit mandate, and the Collecting Bank receives the fraudulent payment, whose customer provides goods and services - for simplicity let's assume they are in fact legitimate in the...
23 November 2010 /security /regulation
Following recent news that more than two-thirds of companies have been hit by data breaches over the past year, the report featured in Computer Weekly is an interesting, if not alarming, confirmation that fraud is on the rise. Although person-present payments have improved security measures due to developments in global security standards like PCI...
23 November 2010 /security /payments Information Security
We all know about identity fraud and the various ways this can happen, but what about the tools to fight identity fraud? Well, there are industry measures in place to stop people’s identities being used fraudulently like the work of the Dedicated Cheque and Plastic Crime Unit and CIFAS, the Fraud Intelligence Sharing System and the banks use of int...
22 November 2010 /security Information Security
Robert Siciliano Security Analyst at Safr.me
First thing I tell my seminar attendees is “The chances of anything bad ever happening to you is very slim. So don’t worry about. However you should still put these systems in place.” Are you a helicopter parent? An “alarmist”? Or Chicken Little: The sky is falling, the sky is falling! I heard somewhere along the line that 90% of what we worry abou...
22 November 2010 /security /regulation
Uri Rivner CEO and Co-Founder at Refine Intelligence
Two years ago I wrote about Curse of the Were-Laptop, which highlighted the fact PCs are used for both personal use and work; your employees can get themselves infected outside the corporate firewall, and then just but bring the problem into the office. The good news, I said, is that it would take a while for the fraudsters to realize they’re sitt...
18 November 2010 /security Innovation in Financial Services
Imagine Steve Jobs saying Steve Ballmer just called him to say Microsoft decided to stop the development of Windows; that he just received a package containing the entire Windows source code; and that in what the industry will soon call the Mother of all Mergers, the two companies decided mutually to merge PC and Mac under the Apple brand. This wo...
16 November 2010 /security Innovation in Financial Services
I feel like my head is going to explode. The Colorado Supreme Court has ruled “that using someone else’s Social Security number is not identity theft as long as you use your own name with it.” The defendant in this particular case had admitted to using a false Social Security number on an application for a car loan, and to find employment. The cour...
16 November 2010 /security /regulation
Living in the Northeast has its pros and cons. We have the four seasons, great food, entertainment, sports, everything is at your fingertips, and for me it’s where business gets done. Drawbacks include lots of congestions, crime, traffic, bad attitudes and nasty neighbors. Most people I know have a neighbor they are in some kind of entanglement wit...
15 November 2010 /security /regulation
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