Wired's blog just noted that Bryan Sartin, director of investigative response for Verizon Business, is saying the backbone of bank security – the PIN – is broken by hackers. In fact, he reckons, its' been blown apart. "We're seeing entirely new attacks that a year ago were thought to be only academically possible," says Sartin. …
Wired's blog just noted that Bryan Sartin, director of investigative response for Verizon Business, is saying the backbone of bank security – the PIN – is broken by hackers. In fact, he reckons, its' been blown apart. "We're seeing entirely new attacks that a year ago were thought to be only academically possible," says Sartin. …
Just found the most fantastic website through the Ridiculant, called A/V Geeks. The site claims to hold over 22,000 films it has rescued from dustbins of schools in their educational vaults of 16mm archives, and there are many gems to be seen. Looking for those related to banking, there's a few that might be useful, such as…
Just found the most fantastic website through the Ridiculant, called A/V Geeks. The site claims to hold over 22,000 films it has rescued from dustbins of schools in their educational vaults of 16mm archives, and there are many gems to be seen. Looking for those related to banking, there's a few that might be useful, such as…
Talking about knowing where and who the customer is, I attended a fascinating discussion earlier in the week. We were brainstorming security, trust and protection of critical financial infrastructures and had a variety of breakout groups looking at different aspects of such systems. The breakout group I joined started with a scenario of the near…
Talking about knowing where and who the customer is, I attended a fascinating discussion earlier in the week. We were brainstorming security, trust and protection of critical financial infrastructures and had a variety of breakout groups looking at different aspects of such systems. The breakout group I joined started with a scenario of the near…
I blogged the other day about knowing where customers are, but knowing who they are is always a challenge. Banks continually talk about fraud and the lack of dependable identification and authentication methods. We talk about things you know (a PIN number), things you have (a card or phone), but things you are (blood, DNA,…
The Austrian Times reports that a desperate bridegroom committed four bank robberies after his fiance's plans for a huge white wedding got out of hand. "The hapless groom, a 36-year-old Turk living in Vienna, netted more than €275,000 ($350,000) before he was caught but it still wasn't enough for his fiancee who demanded 500 guests,…
With that title, I bet you thought I was going to blog a bit more about China and how their card systems are developing. Wrong. In fact, China, Russia, South Africa and many other emerging nations have robust, reliable and secure card networks, thanks to new infrastructures and ideas. For example, most of Eastern Europe,…
Here’s another blog with multimedia inserts, this time discussing John Chaplin who presented at the Club this week about trends in debit and credit cards. Now John should know what he’s talking about as he is European payments adviser for First Data, liaising closely with the European Commission, European Central Bank and other regulatory authorities…
