Posted on 12th Jun 2012 by Paul Beverly
The internet will only get bigger and better. Or, that’s an impression you get from reading some of the reports compiled by the likes of Boston Consulting Group, McKinsey and any of the organizations looking at the impact of the Internet on our future economies. These reports are looking at the future of our economies, [...]
Posted on 17th Apr 2012 by Jack Jania
It used to be that the stereotypical U.S. tourist was the one wearing the white sneakers, shorts, and a fanny pack. Oh, and don’t forget the giant camera. Today, you can recognize them in other parts of the world as the folks trying to pay with the antiquated magnetic stripe cards instead of the more [...]
Posted on 16th Apr 2012 by Gemalto
When it comes to computer hackers going after corporate data networks, “we’re not winning,” FBI executive assistant director Shawn Henry told Devlin Barrett of the Wall Street Journal last week. The comment is true, considering that 2011 brought us 535 breaches, with 30.4 million sensitive records involved. The biggest breaches included Sony, Epsilon and NASDAQ. [...]
Posted on 3rd Apr 2012 by Jack Jania
In what is undoubtedly one of the biggest stories to hit the payments industry so far this year, Global Payments has confirmed that it was the victim of a data breach in January and February which compromised the security of millions of credit card details. As reported by Brian Krebs on Friday, the breach affects [...]
Posted on 7th Feb 2012 by Ray Wizbowski
Is the health of your health records at risk? In our quest to make personal health data easily available to medical professionals and reduce the number of paper files, many countries have mandated the use of electronic medical records (EMR). The challenge is that these records are typically not well protected leaving the door wide [...]
Posted on 6th Jul 2011 by Gemalto
In two consecutive weeks we saw headlines made by customer versus bank lawsuits relating to cybercrime. One judge ruled that questions and answers were good enough to protect the customer. Then, a separate judge rules that the bank should have detected a mere 100 wire transfers from an account after IDs, passwords, and its OTP token password were compromised. Who was right?
Posted on 6th Jul 2011 by Gemalto
Several weeks of harsh headlines explaining the tough battle of customers versus bank lawsuits and cybercrime.
In early June, a court in Maine ruled in favor of Ocean Bank in an ACH fraud lawsuit, stating that, “having verified IDs, passwords and requested challenge response questions, it acted in good faith by processing the ACH payments and Patco (the customer) was to blame for letting its details become compromised.” Recently, however, it appears that the opposite has occurred, when a ruling from a Texan judge favored the business which had been the victim of fraud.
