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Swedish Banker Unplugs Fraudsters January 30, 2008 @ 02:34 PM | By Maria Bruno-Britz Wow. Talk about catching something in the nick of time. According to an AP report, a gang of fraudsters in Sweden were just seconds from pulling off a heist worth millions when an alert bank employee literally yanked the plug on the activity. Comment on this blog entry Were People or Technology to Blame for Multibillion Dollar Societe General Fraud? January 24, 2008 @ 02:19 PM | By Maria Bruno-Britz Societe General is in big trouble—about $7 billion worth of trouble. Today, it was revealed that the French banking giant suffered this staggering fraud loss at the hands of trader Jerome Kerviel. The bank said it will seek emergency funds as a result, according to a Reuters report. The implications of this huge oversight are many. Comment on this blog entry Companies are Thinking of Information Security as a Strategic Asset December 13, 2007 @ 03:09 PM | By Maria Bruno-Britz Well, it looks like it's finally getting through to the world's corporations. Information security IS about more than just staying out of trouble. Ernst & Young issued findings from its tenth Global Information Security Survey and concluded that a growing number of firms recognize the other fringe benefits of keeping data safe. Comment on this blog entry Live from BS&T Executive Summit: Is Online Security Hopeless? September 25, 2007 @ 03:35 PM | By Maria Bruno-Britz Should banks and others bother to continue playing catch up with cyber criminals and their constantly evolving techniques? This was the question FBI special agent Timothy O'Brien set out to answer during his session titled Is Online Security a Lost Cause? O'Brien is with the Bureau's computer crimes squad and tracks criminals' activities on the Web. continued...Comment on this blog entry Live From BS&T Executive Summit: Can Security Be a Differentiator for Banks? September 25, 2007 @ 03:27 PM | By Nancy Feig "Sixteen years ago, if you asked me if I was going to be dealing with the kinds of things I'm dealing with today, I would have said no," said Dick Harp, SVP and director corporate security for Huntington National Bank. continued...Comment on this blog entry Phishing for Bank Accounts Reels in Big Bucks September 17, 2007 @ 02:40 PM | By Nancy Feig By Nancy Feig Today, Symantec revealed findings about the rewards phishers are reeling in for personal information phished from consumers. Comment on this blog entry Cookie-based Security Creates False Sense of Online Banking Security August 13, 2007 @ 09:51 PM | By - By John De Santis Throughout 2006, a series of high-profile incidents occurred that very painfully and very publicly highlighted how flimsy usernames and passwords are in protecting a person's online identity. Phishing and various other forms of online fraud sent the e-business community--particularly in financial services, which bore the brunt of these attacks--into a tailspin. In a bold move, one of the world's largest banks aggressively promoted its deployment of multi-factor authentication as a free, required service to all of its online banking customers. continued...Comments(4)
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