Paul Penrose Head of Research at Finextra
Here’s a story straight out of the steam age of information security. UK high street bank Halifax has been forced to apologise to 13,000 mortgage customers after losing a computer print out containing personal information. The documents were in a briefcase stolen from the locked car of an employee last week. Around 1,800 of the customer records inc...
27 March 2007 /security /retail
Retired Member
The strangest story of the last couple of days concerns the removal of over 14 million pounds worth of diamonds from a secure vault at ABN Amro in Antwerp. Possibly the biggest robbery carried out by a single person, The Independent reports that the gentleman thief was armed with a fake passport and chocolates, presumably real, which were used to ...
19 March 2007 /security Whatever...
I confess I was a little shocked by the revelation that UK banks had dumped customer data in bins and Chris Skinner's blog was an interesting read. I was disappointed to see the Co-operative bank listed. I expected better. They may have messed up in this regard, but I actually moved to the Co-op bank's Smile.co.uk solely on the basis of their et...
15 March 2007 /security /retail
As you probably know, in a departure from previous years, Daylight Saving Time kicks in this weekend in the States following the Energy Policy Act of 2005. While this change isn't quite on the scale of the millenium bug, it does pose problems for IT folk. Fortunately the Windows sysadmins have been spared the monthly Microsoft patch cycle so that'...
09 March 2007 /security /regulation
Hoss Atri Head of Institutional Partnerships at Elifinty LLC
Payments fraud is no longer a niche or opportunistic fraud. As the scale and sophistication of payment products and channels have grown, so have the threat and magnitude of fraud. Reliable and secure payer authentication and verification are critical to the integrity of any payment scheme and instrument. Over a year ago, in the UK the card indust...
06 March 2007 /security
Elton Cane Digital product delivery at News Corp Australia
Looks like National Australia Bank (NAB) is the latest bank to fall victim to mail-out problems that compromise customer data. They're not the first, and are unlikely to be the last. The usual bank spokesperson agenda in these situations is to claim that there is nothing in the lapse that exposes customers to to risk of fraud. But thinking about ...
26 February 2007 /security /retail Trends in Financial Services
Data protections is something that we at Finextra take very seriously and as Finextra's DPA man I’m constantly having to ensure all data we collect and use is properly stored and updated.I’ve set up this blog with a mind to discuss any issues relating to the DPA and any other issues regarding storing and managing data.
23 February 2007 /security Data Protection Act Issues
Headline of the day: 'Fraud-Fighter, Ted Crooks, Joins Global Analytics' Apparently Mr Crooks was a former vice president, Global Fraud Solutions for Fair Isaac Corporation. Well, with a name like that, what's a guy to do.
16 February 2007 /security
Researchers from Harvard and MIT have questioned the effectiveness of site image authentication technologies. The technique, pioneered by RSA subsidiary PassMark Security, relies on the exchange of personalised digital images between customer and bank Web site in advance of password entry. In the study, only three per cent of users chose not to l...
07 February 2007 /security /retail
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