187 Results from 2011, /security
Pat Carroll Founder/Executive Chairman at ValidSoft
Fraud prevention for financial institutions should be on the top of the agenda for banks and it seems their customers are beginning to think so too. Aite Group surveyed North American financial institutions’ fraud-prevention capabilities and found that customers are choosing those financial institutions with better security. This is a very welcome...
03 November 2011 /security /retail Innovation in Financial Services
This week, McKinsey and EFMA issued a report on the future of mobile banking in Europe. Is it a surprise? Not exactly. What strikes me about the report is that whilst banks admit that they are not investing enough they do recognise that mobile banking is the way forward and will become the service of choice amongst consumers. What also strikes ...
28 October 2011 /security Innovation in Financial Services
Retired Member
There are, apparently, over 500 million Facebook users worldwide and 26 million in the UK, which is a staggering proportion of the global and UK population. Social networks are by their very nature all about sharing; sharing experiences, our latest news, likes and dislikes and sometimes our personal information. Whilst we all like to share – and we...
24 October 2011 /security /regulation Online Banking
As you are no doubt aware, the Information Commissioners Office (ICO) has a number of regulatory actions it can use to ensure compliance with the Data Protection Act (DPA), not least of which are its powers to serve monetary penalty notices of up to £500,000 for serious contraventions of the data protection principles. But now there is renewed ac...
21 October 2011 /security /retail
Well they have arrived. After more than a year of discussion and debate the new requirements for Point to Point Encryption (P2PE) have finally been released by the PCI SSC. These requirements, which are contained in the Point to Point Encryption: Encryption, Decryption and Key Management within Secure Cryptographic Devices (Hardware/Hardware) v1....
18 October 2011 /security /payments Information Security
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Who is holding back - governments or banks? Needed for accelerating citizens' use of government e-services: 1. That the public sector realizes that it is not the only service citizens use - and in fact one of the most infrequently used and then 2. allows and encourages citizens to use the so frequently used familiar and secure e-banking log-in-id a...
13 October 2011 /security Innovation in Financial Services
Robert Siciliano Security Analyst at Safr.me
Digital assets include: entertainment files (e.g. music downloads), personal memories (e.g. photographs), personal communications (e.g. emails), personal records (e.g. health, financial, insurance), and career information (e.g. resumes, portfolios, cover letters, contacts), as well as any creative projects or hobbies involving digital files. If yo...
13 October 2011 /security /regulation
News that 111 people were arrested last week in New York in a US$13 million card fraud scam was a useful reminder of just how easy it still is to skim credit card details in the US. NYPD Commissioner Raymond Kelly was quoted as saying: “Thieves have an amazing knowledge of how to use technology . . . The schemes and the imagination that is develop...
10 October 2011 /security Innovation in Financial Services
The credit card industry has certainly been in the news this week. First David Cameron nearly suggested that British consumers should pay down their credit cards – before his speech was hastily rewritten against a backdrop of weak retail sales. Then Katie Price aka Jordan – a “professional personality” – was the victim of card fraud, making headlin...
07 October 2011 /security Innovation in Financial Services
Last week a survey commissioned by Orange Business UK announced that eight out of ten UK medium and large financial firms were unaware of the Financial Service Authority’s (FSA) impending mobile recording regulations. While this conclusion does seem surprising to say the least, there is, nonetheless, still some ‘misunderstanding’ in the market. One...
03 October 2011 /security Financial Services Regulation
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