294 Results from 2010, /security
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
This weird 'fatwa' by Somali Islamists seems to reiterate the fact that only paper money (cash) is the God they recognize! I found this quite intriguing. I have heard and even empathized with numerous objections to mobile / E -money - security, cost, usage issues, etc. But I haven't seen anything like this! The 'green shoots' of Mobile money and El...
19 October 2010 /security /payments
Retired Member
It’s another week – and there are more people who should know better who have now got egg all over their faces! This time round, it’s the flaws in a financial management tool designed to track and monitor customer spending habits that has left bosses at Mint.com needing to placate a growing number of their online users. Mint.com’s problems with ema...
18 October 2010 /security /regulation
Robert Siciliano Security Analyst at Safr.me
Typosquatting, which is also known as URL hijacking, is a form of cybersquatting that targets Internet users who accidentally type a website address into their web browser incorrectly. When users make a typographical error while entering the website address, they may be led to an alternative website owned by a cybersquatter or criminal hacker. Typ...
12 October 2010 /security /regulation
Check fraud is a billion dollar problem. Check fraud victims include banks, businesses and consumers. Our current system for cashing checks is somewhat flawed. Checks can be cashed and merchandise can be purchased even when there is no money in the checking account. There are 5 main forms of check fraud to watch out for: Forged signatures are the ...
Uri Rivner CEO and Co-Founder at Refine Intelligence
The international law enforcement operation known as Trident is starting to have ripple effects in the fraud underground. Like the Darknet operation in October 2008, it is certainly a milestone in the minds of Cybercriminals, who feel less safe and anonymous. At least for a while. At first the fraud community shrugged off the arrests as an attempt...
11 October 2010 /security Innovation in Financial Services
Angus Stewart CEO at www.e-solutions.uk.com
Jerome Kerviel is a name that will linger long in the mind of banking and fraud professionals around the world, making the exploits of Nick Leeson and Robert Maxwell look distinctly amateur! His conviction in a Paris courtroom - for single-handedly bringing France's second largest bank to its knees through a series of Machiavellian insider frauds
11 October 2010 /security /regulation
In a recent post (Hackers Play “Social Engineering Capture The Flag” At Defcon), I pointed to a game in which contestants used the telephone to convince company employees to voluntarily cough up information they probably shouldn’t have. Of 135 “targets” of the social engineering “game,” 130 blurted out too much information. All five holdouts were ...
10 October 2010 /security /regulation
In the late 90s and early 2000s, hacking had evolved from “phreaking” (hacking phone systems) to “cracking” (breaking into networks). At the time, hackers hacked for fun, for the challenge, and for fame and popularity within the hacking community. But soon enough, the public began spending more time online, shopping, banking, and managing personal...
Nick Ogden Chairman at Ogden Research
There’s been a lot of talk recently about the idea of ‘cashless society’ and numerous journalists seem to be jumping on the bandwagon in a bid to write a colourful story. This usually involves testing out the concept by living without cash for a week or so, throwing in a few humorous anecdotes along the way – no money for the tooth fairy, no money...
07 October 2010 /security /payments
Only select few have had a look at the script of the next James Bond feature film. It seems like Quantum, the secret criminal organization that in previous installments was busy short-selling the stock market by staging terrorist attacks and taking over water supplies to control the economy of South America, has a new target in its crosshairs: the...
07 October 2010 /security /regulation Innovation in Financial Services
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