126 Results from 2013, /security
Pat Carroll Founder/Executive Chairman at ValidSoft
Once again we are sadly reminded of the vulnerability of businesses to data breaches, and we are left with 40 million customers fearing that their credit cards will be hijacked by fraudsters just in time for Christmas. There has been a consistent rise in cyber-crime in the past few years, and traditional security solutions have proven to be inadequ...
30 December 2013 /security Innovation in Financial Services
Robert Siciliano Security Analyst at Safr.me
Isis Mobile Wallet allows you to make purchases with your phone—a technology that just went live. Just wave your Isis-compatible smartphone at select cash registers to buy soda or taxi service, via Isis’s near-field communication technology. (iPhone compatibility with NFC will come later on.) Incentives Customers of Isis Mobile Wallet can use My C...
22 December 2013 /security
Ever thought of who’d get your assets should you meet an untimely death, or even if you’re 99 and sensing that the time to check out is very soon? You may know whom you want to receive your assets, but do you know for sure that they actually will? After all, policyholders are not required to find out if the benefactor is deceased; they are only res...
21 December 2013 /security
With your cards being used online, over the phone and in person it’s easy to lose track of purchases. The key is keep good records and be diligent about your security. Here are eight great tips that will go a super long way in preventing post holiday account takeover in the form of credit card fraud. #1. To ensure your best chances of escaping f...
18 December 2013 /security
Digital currencies such as Bitcoin have been capturing the attention of the world’s financial and technology press for some time, both in a positive and negative manner. Digital currencies are here to stay, it’s inevitable, and these virtual currencies are at an inflection point and already playing an increasingly apparent role in the daily tradin...
18 December 2013 /security /payments Innovation in Financial Services
The UK’s Fraud Prevention Service wants to remind Christmas shoppers to be ultra-prudent with their personal and financial details. The numbers show an increase of 23% in the number of victims of account take over in the last two months alone which is quite a staggering increase really. Such numbers clearly show that hackers, fraudsters, cyber-cr...
16 December 2013 /security Innovation in Financial Services
Identity theft can involve children. In fact, it’s a growing problem. The thief takes a child’s Social Security number and either uses their name or assigns it to a different name and always changes the date of birth. So 2 year old Sally is now 22 and has a Benz. The thief then uses this new identity for job applications, loans or government benef...
16 December 2013 /security
The ECB published its recommendations for the security of mobile payments last week last week. Although unrelated, this latest set of recommendations shows how Governments and Central Banks (US Federal Reserve Banks recently announced a public consultation exercise on improving the future U.S. payment system, and the newly formed Financial Conduct...
10 December 2013 /security Innovation in Financial Services
When protected, sensitive or confidential data is accessed or used by someone without authority, this is a data breach. This can involve any kind of data such as personal health, financial, or business related. Not all data breaches result from hacking into a computer. One can breach data simply by peering over someone’s shoulder at the computer sc...
09 December 2013 /security
This year, one of the biggest identity theft rings originating from Minnesota was prosecuted—spanning 14 states and involving hundreds of victims. Total theft exceeded $2.5 million, and major retailers and banks were victimized. Just who was part of this ring is mind boggling; the participants included a receptionist with the state Board of Psychol...
07 December 2013 /security
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