Ashok Misra has an interesting, and certainly provocative, article in the current Secure Payments Magazine. If you don’t know Ashok, he is Sr. Manager Payments & Security at RealNetworks, Inc in Seattle, chairman of the European CNP Payment Forum, and a...
The economist has a nice graphic summarizing data from Symantec that shows that the most popular "products" on offer from cybercriminals in the underground economy are - not surprisingly - bank account details (for accounts that have on average a balance...
A new study from Deloitte reveals that there is a high correlation between bankruptcy and fraud. With economic conditions likely to drive more companies to consider filing for bankruptcy protection, one potential concern is whether the greater scrutiny that...
Chris Skinner contemplates payments risk and fraud prevention in anticipation of his Oxford Society style debate at the Financial Services Club (London). In preparation, he's posted the text of a speech on risk management. After the debate he'll post more...
At the Bank Lawyer's Blog there is a thoughtful discussion of remote deposit capture fraud risk and whether banks (particularly community banks) are playing it too safe. Well worth reading. (via PaymentsN...
Glenbrook's Linda Elliot was at the Chicago Federal Reserve Banks’ 2008 Payments Conference where this year’s topic was Payments Fraud: Perception versus Reality. Her observations are here; she makes the important distinction between fraud prevention and data...
This recent segment on Charlie Rose with Jonathan Zittrain is fascinating. Zittrain is a professor of internet law at Harvard and Oxford and the author of a book The Future of the Internet and How to Stop It and discusses the tension between internet security risks...
Forgive me this somewhat off-topic post, but it made me laugh out loud. Excerpted from Dave Birch at Digital Money Forum:[Dave Birch] It's amazing to me -- no, not amazing, more kind of quaint, reassuring and comforting -- that in this high-technology e-money...
Cash processing is not only time consuming but fraught with security challenges (and associated high costs of dual custody, surveillance, etc.). The astounding success of remote deposit capture of checks has prompted interest in remote CASH deposit services....
My favorite feature of the Harvard Business Review is the case study: fictional scenarios that represent common managerial challenges followed by concrete solutions from experts. This month the situation is directly relevant to payments and transaction security. It...
