Blog Posts Tagged with "Financial"
October 31, 2012 Added by:gaToMaLo r. amores
Bitcoins are being blamed as EVIL – but Swiss Banks account, Bermuda Shell Games, Luxemboug Shelter, The Cayman Cash or IRA tax-free, tax-exempt, lower Tax rates- tax-free trust – there are all kinds of tricks for the bankers to shelter their money...
September 26, 2012 Added by:Pierluigi Paganini
A possible Iranian cyber offensive against US banks has been discussed recently, and immediately denied by government of Teheran. Financial institutions are targets for a cyber attacks, as the banking system is a critical asset for a nation and its paralysis could damage economic activities...
September 04, 2012 Added by:Robert Siciliano
“EMV transactions require an authentic card validated either online by the issuer using a dynamic cryptogram or offline with the terminal... EMV transactions also create unique transaction data, so that any captured data cannot be used to execute new transactions...”
July 02, 2012 Added by:Headlines
"With no human participation required, each attack moves quickly and scales neatly.This operation combines an insider level of understanding of banking transaction systems with both custom and off the shelf malicious code and appears to be worthy of the term 'organized crime,'" the report states...
June 26, 2012 Added by:gaToMaLo r. amores
Greendot and other Reloadable debit cards are not a safe means of conducting anonymous financial transfer. The financial networks created by these cards are very prone to network analysis. There is an unacceptable amount of cross network contamination for vendors...
June 21, 2012 Added by:Pierluigi Paganini
Automatic Transfer Systems (ATSs) have been introduced in some variants of the infamous SpyEye and ZeuS Trojans, the nightmares of the banking world. The ATSs are parts of WebInject files known to be a collection of scripts implemented to steal online banking, email, and financial account credentials...
June 18, 2012 Added by:gaToMaLo r. amores
On April 24 the FBI released a report on Bitcoin. At that time Bitcoins were going for $4.25. As of June 17 they were trading at $6.26. Traders will be taking a look at Bitcoin, and once they get a whiff of the virtual money, they will strike... and it looks like the commercial criminals are already doing it...
May 15, 2012 Added by:Robert Siciliano
Financial institutions have established a layered security approach that includes multi-factor authentication, as well as doing due diligence when it comes to identifying customers as real people whose identities haven’t been stolen...
May 11, 2012 Added by:Pierluigi Paganini
The real danger of digital money, above the vulnerabilities in its processes, is the inability of governments to exert control over finances, which could lead to a distortion of the main mechanisms of economic control and taxation, bringing total chaos to the market...
May 09, 2012 Added by:Brent Huston
Financial organizations have been working on implementing out of band authentication (OOBA) mechanisms for specific kinds of money transfers such as ACH and wires. While this authentication method does add some security to the process, it does not come without its challenges...
May 03, 2012 Added by:Robert Siciliano
Mobile banking can offer additional security by enabling text-backs, as a second form of authentication. If you use your smartphone to access your bank’s website directly, it may recognize that you are using a mobile browser and automatically offer you a dedicated application...
May 01, 2012 Added by:Ben Kepes
Banks sit on a far higher level of the trust spectrum than do companies like Google and Apple – at least in consumers minds. A study commissioned in 2010 that found that telecoms were seen as the second most trusted group, after banks, for securing personal information...
April 17, 2012 Added by:Pierluigi Paganini
Banking is a vital component of a country, it is considered in every cyber strategy as critical infrastructure. If a country is attacked so that its financial institutions fail it would produce an environment for other cyber and military operations, a typical cyberwar scenario...
April 06, 2012 Added by:Jon Long
There is nothing that changes faster than technology, and if you are not ahead of it, you are ancient history. Within the category of technology, security is at the forefront of rapid change, and there is nothing more critical to ensure that we understand as auditors...
April 04, 2012 Added by:PCI Guru
Most financial institutions purchase their software applications from third party development firms. With all of the regulatory changes going on in the financial institution industry, these software firms have been focused on those regulatory changes and not PCI compliance...
March 23, 2012 Added by:Allan Pratt, MBA
The types of personal information companies collect and share depends on the product or service you get from them. This info can include: Social Security number and income, account balances and employment details, and credit history and transaction history...
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